Week 10 03-06-2023

MANAGEMENT MEETING
Duration: 8:30am - 11:42am
Venue: Virtual Via Google meet
Presided by: Faith Ozegbe

ATTENDEES

ABDULLAHI NAJIMUDEEN       -  Head, Internal Operations
ADETAYO OLUKOGA                 -   Asset Creation
AMARACHUKWU EMENIKE      -  Data Analyst
ANIEKAN UDOH                       -  National Channel Manager
BLESSING YAHAYA                    -  Ag head, Treasury
CHIDIEBERE NJOKU                  - Sales Operations & Strategy
CHINEDU UGWU                      - Legal
CHINWE OKAGBUE                   -  Branch Manager, Abuja
EDNA EJIMAKOR                       - Branch Manager, Port Harcourt
EMMANUEL ONAKOYA             -  Head, CRM
EZINNE UMOZURIKE                 -  Lead, Legal 
FIDELIS AZUBUIKE                     -  Head, Software
FAITH OZEGBE                           -  Acting Secretary
GODFREY EGBUOKPORO           -  Ag. Head, Communications
IBEREAYO AMOO                       -  Ag. Head, Human Resources
ISMAIL BALOGUN                       -  Account
ITIEKHAO IKPEMINOGENA         -  General Manager
KEHINDE OYEBADE                     -  Ag. Head Business Operations
LINDA OTTAH-IJEKEYE                -  Brokers Admin
MARTINA AMOS                         -  Head, Sales Operations and Strategy
NANCY ANAYOCHUKWU            - Head, Telesales
OLUSEGUN AKEJU                       -  Portfolio Risk Analyst
OLUWADAMILARE OLAYINKA     -  Transformation
OLUWAFISAYO OMOPARIOLA     - Sales Operations & Strategy
OLUWASEGUN BOLAWOLE         -  Strategic Partnership
OLUWOLE EWEJOBI                     -  Head, Information Technology
PETER OJUKWU                           -  Ag, Head, Recovery & Collections
SAMUEL OTTAH                           -  Rep, Product Development
SOPHIA DAGI                               -  Ag Head, Client Experience Management
STANLEY MAFUVWE                    -  Lead, Asset Remedial Management
TAWAKALITU OJESOLA                -  Internal Operations

OPENING PRAYER
Faith Ozegbe said the opening prayer 

ADOPTION OF MINUTES
Sophia Dagi seconded by Faith Ozegbe adopted the minutes of the last meeting.

ORDER OF PRESENTATION
Communication, Client Experience Management, Sales Operations, Tele-sales, Asset Creation, Strategic Partnership, Co-operate Lease, Treasury, Credit Risk Management, Transformation, Legal, Human Resources, Software, Information Technology, and Internal Operations.

ACTIVITY REPORT (30th January - 3rd February, 2023)

Communications Team Report
For the period in review inquiries, Volume decreased by 2.9%. The week recorded a 9.71% increase in engagement on digital Media. Total market audience reaches decreased by 26.96% while followership increased by 1.22%. Google is our highest inquiry-generating channel and personal loan is the most enquired product for the month at 91.8%. The report also captures pending and completed tasks.

Sales Operations and Strategy Team Report
RISK ASSET
Overall Sales – 76.4M
Personal Loan Performing the internal Loyalty 3
Team Performance: Telesales: 13.65%, Sales: 86.35%
Product Type Performance: Public – 8.32M(10.89%), Personal Loan - 68.08M (89.11%)
Unit Location Performance: Lagos- 30M, Port Harcourt – 14.5M, Abuja - 11.5M

Tele-sales Team Report
The total amount consummated by the team for the week in review is 10,039,700.00 (24% of the week’s target) at 16 counts with core tele sales and tele sales-cold call team consummating 4,176,000.00 (38% of the week’s target) at 8 counts and 5,863,000.00 (19% of the week’s target) at 5 counts respectively.

 Asset Creation report
For the period in review, Transactions disbursed are N65.8M. Others are at various transaction stages.

Asset Creation report (Public Sector)
For the period in review, Transactions disbursed are 18.9M. Others are at various transaction stages.

Strategic Partnership Team Report
For the period in review, the total sales achieved is 20.5M (178% 0f the budget). The report also captures the activities, visits, and pending partnerships in the public and private sectors.

Brokers Admin Team Report
The week in review shows risk asset transactions disbursed as 2.4M, fresh fund (RTN) as nil, Reap fund as 235K, Rollover as 806K, Liquidation as nil.

Abuja Team Report
The report captures the activities for the period in review, pipelines, and constraints

PortHarcourt Team Report
The report captures the activities for the period in review, pipelines, and constraints.

Treasury Team Report
For the week in review,review theExecutive reportsummary shows the liabilityLiquidity generation.Requirement status as BAD. Week 9 experienced a net positive change in cash flow from 1M negative in week 8 to 33M negative. Treasury reported a negative N33 million total NetFlow, with N3 million inflows and 26M outflows.

Credit Risk Management Report
The report shows Core underwriters approved 122 transactions, pushed back 106 transactions, and declined 7 transactions. The senior underwriters approved 88 transactions and pushed back 73 transactions. PDO recovery as 25.7M29M at 301326 counts (21%31% of the target). Extended interest recovery as 1.7M336K at 2415 counts (48%9% of the target), Provisioned Accounts recovery as 3.1M2.6M at 2730 counts (102%86% of the target)

Product Development Team Report
Captures the ongoing and completed projects

Business Operations Team Report
Captures ongoing and completed projects..

Transformation Team Report
Captures ongoing and completed projects.

Legal Team Report
The report captures the litigation and other tasks for the week in review

Human Resource Team Report
The report shows the activities carried out by the HR Admin, Learning and Development, People and Culture, and HRBP. It also shows completed and ongoing projects for the next month. A total of 42 staff were hired.

Software Team Report
Captures ongoing and completed projects.

Information & Technology Team Report
Captures the ongoing and completed projects

Internal Operations Team Report
Captures the ongoing and completed projects

B2C RISK ASSET GENERATION REPORT

 

B 2 C RISK ASSETS	WEEK	59	Ending		04-Feb-Mar-23
LAGOS	BAL B/F	WEEK 59	CUMULATIVE 2023 BUDGET	PERFORMANCE YEAR TO DATE 2023	PERFORMANCE YEAR TO DATE 2022	BUDGET VARIANCE YEAR TO DATE 2022	% CHANGE BETWEEN 2022 & 2023	BUDGET PERFORMANCE RATE
	28-Jan-23	2023	2023	2023	2022	2022	2023 Vs 2022	2022
B2C
Personal Loan / Public Sector Employee Loan	154,206,254.95	29,873,000.00	440,233,860.78	184,079,254.95	69,954,493.09	-256,154,605.83	163%	42%
Cash Backed loan / Credit Card		1,000,000.00	12,886,298.92	1,000,000.00		-11,886,298.92	0%	8%
Consumer Leases	72,675.00		9,302,272.68	72,675.00	421,600.00	-9,229,597.68	-83%	1%
Asset Cash Loan				-			0%
SPBS				-			0%
Sub-Total	154,278,929.95	30,873,000.00	462,422,432.38	185,151,929.95	70,376,093.09	-277,270,502.43	163%	40%
ABUJA
Personal Loan / Public Sector Employee Loan	40,581,000.00	9,524,999.00	244,574,367.10	50,105,999.00	23,264,000.00	-194,468,368.10	115%	20%
Cash Backed loan / Credit Card			7,159,054.96		-	-7,159,054.96	0%	0%
Consumer Leases			5,167,929.26		-	-5,167,929.26	0%	0%
Asset Cash Loan							0%
SPBS							0%
Sub-Total Abuja	40,581,000.00	9,524,999.00	256,901,351.32	50,105,999.00	23,264,000.00	-206,795,352.32	115%	20%
WARRI								-
Personal Loan							0%
Cash Backed loan / Credit Card							0%
Consumer Leases							0%
Sub-Total Warri	-	-	-	-	-	-
SUB -TOTAL B 2 C GLOBAL	194,859,929.95	40,397,999.00	719,323,783.70	235,257,928.95	93,640,093.09	-484,065,854.75	-100%	0%

B2B LEASE RISK 

RISK ASSET GENERATION REPORT		5	Ending	04-Feb-23
LAGOS	BAL B/F	WEEK 5	CUMULATIVE 2023 BUDGET	PERFORMANCE YEAR TO DATE 2023	PERFORMANCE YEAR TO DATE 2022	BUDGET VARIANCE YEAR TO DATE 2022	% CHANGE BETWEEN 2022 & 2023	BUDGET PERFORMANCE RATE
Corporate Leases			1,286,805.31				0%	0%
Operating Leases			93,923,169.35		-		0%	0%
Sub-Total B 2 B Leases	-	-	95,209,974.66	-	-	-95,209,974.66		0%
ABUJA
Corporate Lease			714,891.84		-		0%	0%
Operating Leases			52,179,538.53		-		0%	0%
Sub-Total B 2 B Leases	-	-	52,894,430.37	-	-	-52,894,430.37	0%	0%

B2B CREDIT RISK ASSET GENERATION REPORT

RISK ASSET GENERATION REPORT		5	Ending	04-Feb-23
LAGOS	BAL B/F	WEEK 5	CUMULATIVE 2023 BUDGET	PERFORMANCE YEAR TO DATE 2023	PERFORMANCE YEAR TO DATE 2022	BUDGET VARIANCE YEAR TO DATE 2022	% CHANGE BETWEEN 2022 & 2023	BUDGET PERFORMANCE RATE
Business Support Loan/ACL-Corporate			1,515,274.86		-	-1,515,274.86	0%	0%
ABUJA
Business Support Loan/ACL-Corporate			841,819.37		-	-841,819.37	0%	0%
Sub-Total B 2 B Business Support Loan			2,357,094.23		-	-2,357,094.23	0%	0%
TOTAL B 2 B Global	-	-	150,461,499.26	-	-	-150,461,499.26	0%	0%
TOTAL RISK ASSETS (LAGOS) & ANNEX	194,859,929.95	40,397,999.00	869,785,282.96	235,257,928.95	93,640,093.09	-634,527,354.01	151%	27%

BRANCH RISK ASSET GENERATION REPORT

RISK ASSET GENERATION REPORT		5	Ending		04-Feb-23
PORT HARCOURT	BAL B/F	WEEK 5	CUMULATIVE 2023 BUDGET	PERFORMANCE YEAR TO DATE 2023	PERFORMANCE YEAR TO DATE 2022	BUDGET VARIANCE YEAR TO DATE 2022	% CHANGE BETWEEN 2022 & 2023	BUDGET PERFORMANCE RATE
B2C
Personal Loan / Public Sector Employee Loan	49,038,759.48	6,273,000.00	293,489,240.52	55,311,759.48	22,667,000.00	-238,177,481.04	144%	19%
Cash Backed loan / Credit Card			8,590,865.95		-	-8,590,865.95	0%	0%
Consumer Leases			6,201,515.12		-	-6,201,515.12	0%	0%
Asset Cash Loan							0%
SPBS							0%
B2B
Business Support Loan/ACL-Corporate			1,010,183.24		-	-1,010,183.24	0%	0%
Corporate Leases			857,870.21		-	-857,870.21	0%	0%
Operating Leases	300,000,250.00	-	62,615,446.23	-	-	-62,615,446.23	0%	0%
	349,039,009.48	6,273,000.00	372,765,121.27	55,311,759.48	22,667,000.00	-317,453,361.79	144%	15%

CONSOLIDATED RISK ASSET GENERATION REPORT

CONSOLIDATED	BAL B/F	WEEK 5	CUMULATIVE 2023 BUDGET	PERFORMANCE YEAR TO DATE 2023	PERFORMANCE YEAR TO DATE 2022	BUDGET VARIANCE YEAR TO DATE 2022	% CHANGE BETWEEN 2022 & 2023	BUDGET PERFORMANCE RATE
Personal Loan / Public Sector Employee Loan	243,826,014.43	45,670,999.00	978,297,468.41	289,497,013.43	115,885,493.09	-688,800,454.98	150%	30%
Cash Backed loan / Credit Card	-	1,000,000.00	28,636,219.82	1,000,000.00	-	-27,636,219.82	0%	3%
Consumer Leases	72,675.00	-	20,671,717.06	72,675.00	421,600.00	-20,599,042.06	-83%	0%
Asset Cash Loan
SPBS
Business Support Loan/ACL-Corporate	-	-	3,367,277.48	-	-	-3,367,277.48	0%	0%
Corporate Leases	-	-	2,859,567.35	-	-	-2,859,567.35	0%	0%
Operating Leases	300,000,250.00	-	208,718,154.11	300,000,250.00	-	91,282,095.89	0%	144%
	543,898,939.43	46,670,999.00	1,242,550,404.23	590,569,938.43	116,307,093.09	-651,980,465.80	408%	48%

TREASURY MANAGEMENT REPORT

ROSABON FINANCIAL SERVICES	LIABILITY GENERATION REPORT
	WEEK25-Feb-23	52023	Ending2023	04-Feb-232023	2022	2022	2023 Vs 2022		2022
LAGOS	BAL B/F	INFLOW	OUTFLOW	NET FLOW	CUM BUDGET YEAR TO DATE	PERFORMANCE YEAR TO DATE	PERFORMANCE YEAR TO DATE	BUDGET VARIANCE YEAR TO DATE	% CHANGE BETWEEN 2023 & 2022 (ACTUAL)
		2023	2023	2023	2023	2023	2022	2022
TENOR FUND	74,121,440.24	49,450,000.00	21,943,818.69	27,506,181.31	83,144,726.44	101,627,621.55	45,358,720.85	18,482,895.11	124%
R-WIN	4,230,444.39	2,422,000.00	3,481,379.54	-1,059,379.54	1,827,356.63	3,171,064.85	-14,062,958.90	1,343,708.23	-123%
REAP PRODUCT	-7,250,030.74	1,465,000.00	321,735.56	1,143,264.44	6,395,748.19	-6,106,766.30	-820,604.35	-12,502,514.49	644%
RBIPB2C
Personal Loan / Public Sector Employee Loan	325,186,254.95	49,999,700.00	792,420,949.41	375,185,954.95	236,089,819.12	-417,234,994.46	59%	47%
TOTALCash Backed loan / Credit Card	71,101,853.891,000,000.00	53,337,000.00	25,746,933.7923,195,338.06	27,590,066.211,000,000.00	91,367,831.2529,150,000.00	98,691,920.10-22,195,338.06	30,475,157.60-97%	7,324,088.854%
Consumer Leases	657,475.00		16,744,090.82	657,475.00	1,009,273.00	-6,086,615.82	-35%	4%
Asset Cash Loan	10,000,000.00	-		10,000,000.00			0%
SPBS				-			0%
Sub-Total	336,843,729.95	49,999,700.00	832,360,378.28	386,843,429.95	266,249,092.12	-445,516,948.33	45%	46%
ABUJA
Personal Loan / Public Sector Employee Loan	97,883,998.00	11,942,999.00	440,233,860.78	109,826,997.00	73,708,200.00	-330,406,863.78	49%	25%
Cash Backed loan / Credit Card			12,886,298.92		-	-12,886,298.92	0%	0%
Consumer Leases			9,302,272.68		-	-9,302,272.68	0%	0%
Asset Cash Loan							0%
SPBS							0%
Sub-Total Abuja	97,883,998.00	11,942,999.00	462,422,432.38	109,826,997.00	73,708,200.00	-352,595,435.38	49%	24%
WARRI								-
Personal Loan							0%
Cash Backed loan / Credit Card							0%
Consumer Leases							0%
Sub-Total Warri	-	-	-	-	-	-
SUB -TOTAL B 2 C GLOBAL	434,727,727.95	61,942,699.00	1,294,782,810.66	496,670,426.95	339,957,292.12	-798,112,383.71	-100%	0%

224%B2B LEASE RISK 

 

B 2 B LEASE RISK ASSETS
RISK ASSET GENERATION REPORT		9	Ending	04-Mar-23
LAGOS	BAL B/F	WEEK 9	CUMULATIVE 2023 BUDGET	PERFORMANCE YEAR TO DATE 2023	PERFORMANCE YEAR TO DATE 2022	BUDGET VARIANCE YEAR TO DATE 2022	% CHANGE BETWEEN 2022 & 2023	BUDGET PERFORMANCE RATE
Corporate Leases			2,316,249.56		WEEK 9		0%	0%
Operating Leases			169,061,704.83		-		0%	0%
Sub-Total B 2 B Leases	-	-	171,377,954.38	-	-	-171,377,954.38		0%
ABUJA
Corporate Lease			1,286,805.31		-		0%	0%
Operating Leases			93,923,169.35		-		0%	0%
Sub-Total B 2 B Leases	-	-	95,209,974.66	-	-	-95,209,974.66	0%	0%

B2B CREDIT RISK ASSET GENERATION REPORT

 

RISK ASSET GENERATION REPORT		9	Ending	04-Mar-23
LAGOS	BAL B/F	WEEK 9	CUMULATIVE 2023 BUDGET	PERFORMANCE YEAR TO DATE 2023	PERFORMANCE YEAR TO DATE 2022	BUDGET VARIANCE YEAR TO DATE 2022	% CHANGE BETWEEN 2022 & 2023	BUDGET PERFORMANCE RATE
Business Support Loan/ACL-Corporate	3,582,800.00		2,727,494.76	3,582,800.00	-	855,305.24	0%	131%
ABUJA
Business Support Loan/ACL-Corporate			1,515,274.86		-	-1,515,274.86	0%	0%
Sub-Total B 2 B Business Support Loan			4,242,769.62		-	-659,969.62	0%	0%
TOTAL B 2 B Global	-	-	270,830,698.66	-	-	-267,247,898.66	0%	0%
TOTAL RISK ASSETS (LAGOS) & ANNEX	434,727,727.95	61,942,699.00	1,565,613,509.33	496,670,426.95	339,957,292.12	-1,065,360,282.38	46%	32%

BRANCH RISK ASSET GENERATION REPORT

 

RISK ASSET GENERATION REPORT		9	Ending		04-Mar-23
PORT HARCOURT	BAL B/F	WEEK 9	CUMULATIVE 2023 BUDGET	PERFORMANCE YEAR TO DATE 2023	PERFORMANCE YEAR TO DATE 2022	BUDGET VARIANCE YEAR TO DATE 2022	% CHANGE BETWEEN 2022 & 2023	BUDGET PERFORMANCE RATE
B2C
Personal Loan / Public Sector Employee Loan	95,881,759.48	14,459,000.00	528,280,632.94	110,340,759.48	106,517,000.00	-417,939,873.46	4%	21%
Cash Backed loan / Credit Card			15,463,558.70			-15,463,558.70	0%	0%
Consumer Leases			11,162,727.21		-	-11,162,727.21	0%	0%
Asset Cash Loan							0%
SPBS							0%
B2B
Business Support Loan/ACL-Corporate			1,818,329.84		-	-1,818,329.84	0%	0%
Corporate Leases			1,544,166.37		-	-1,544,166.37	0%	0%
Operating Leases	336,000,250.00		112,707,803.22	336,000,250.00	-	223,292,446.78	0%	298%
	431,882,009.48	14,459,000.00	670,977,218.28	446,341,009.48	106,517,000.00	-224,636,208.80	319%	67%

CONSOLIDATED RISK ASSET GENERATION REPORT

 

CONSOLIDATED	BAL B/F	WEEK 9	CUMULATIVE 2023 BUDGET	PERFORMANCE YEAR TO DATE 2023	PERFORMANCE YEAR TO DATE 2022	BUDGET VARIANCE YEAR TO DATE 2022	% CHANGE BETWEEN 2022 & 2023	BUDGET PERFORMANCE RATE
Personal Loan / Public Sector Employee Loan	518,952,012.43	76,401,699.00	1,760,935,443.14	595,353,711.43	416,315,019.12	-1,165,581,731.71	43%	34%
Cash Backed loan / Credit Card	1,000,000.00	-	51,545,195.68	1,000,000.00	29,150,000.00	-50,545,195.68	-97%	2%
Consumer Leases	657,475.00	-	37,209,090.70	657,475.00	1,009,273.00	-26,551,615.70	-35%	2%
Asset Cash Loan	10,000,000.00	-		10,000,000.00
SPBS		-		-
Business Support Loan/ACL-Corporate	3,582,800.00	-	6,061,099.46	3,582,800.00	-	-2,478,299.46	0%	0%
Corporate Leases	-	-	5,147,221.24	-	-	-5,147,221.24	0%	0%
Operating Leases	336,000,250.00	-	375,692,677.39	336,000,250.00	-	-39,692,427.39	0%	89%
	870,192,537.43	76,401,699.00	2,236,590,727.61	946,594,236.43	446,474,292.12	-1,289,996,491.18	112%	42%

TREASURY MANAGEMENT REPORT

  %CHANGEBETWEEN&2022

ROSABON FINANCIAL SERVICES	LIABILITY GENERATION REPORT
	WEEK	9	Ending	04-Mar-23
ABUJALAGOS	BAL B/F	INFLOW	OUTFLOW	NET FLOW	CUM BUDGET YEAR TO DATE	PERFORMANCE YEAR TO DATE	PERFORMANCE YEAR TO DATE	BUDGET VARIANCE YEAR TO DATE
TENOR2023 FUND	-65,910.62	3,000,000.00		3,000,000.00	36,953,211.75	2,934,089.38	-525,475.89	-34,019,122.37	-658%
R-WIN	-			-	812,158.50	-	-	-812,158.50	-
REAP PRODUCT	130,000.00		1,381,123.06	-1,381,123.06	2,842,554.75	-1,251,123.06	-472,366.87	-4,093,677.81	165%
TOTAL	64,089.38	3,000,000.00	1,381,123.06	1,618,876.94	40,607,925.00	1,682,966.32	-997,842.76	-38,924,958.68	-269%(ACTUAL)
WARRI		2023	2023	2023	2023	2023	2022	2022
TENOR FUND	89,687,295.89	6,350,000.00	19,962,759.04	-13,612,759.04	149,660,507.59	76,074,536.85	-223,932,555.51	-73,585,970.74	-134%
R-WIN	-10,212,558.44	920,000.00	1,220,034.96	-300,034.96	3,289,241.93	-10,512,593.40	-5,868,404.03	-13,801,835.33	79%
REAP PRODUCT	-6,248,910.60	1,700,000.00		1,700,000.00	11,512,346.74	-4,548,910.60	473,598.18	-16,061,257.34	-1061%
RBIP									-
TENOR FUNDTOTAL	73,225,826.85	-8,970,000.00	-21,182,794.00	-12,212,794.00	164,462,096.25	-61,013,032.85	-229,327,361.36	-103,449,063.40	0%
R-WIN		-	-	-		-	-	-	0%
REAP PRODUCT		-	-	-		-	-	-	0%
TOTAL		-	-	-	-	-	-	-	0%127%
TOTALABUJA	71,165,943.27	56,337,000.00	27,128,056.85	29,208,943.15	131,975,756.25	100,374,886.42	29,477,314.84	-	241%
TENOR FUND	2,934,089.38			-	66,515,781.15	2,934,089.38	-554,186.50	-63,581,691.77	-629%
R-WIN	-			-	1,461,885.30	-	-	-1,461,885.30	-
REAP PRODUCT	-831,123.06	130,000.00		130,000.00	5,116,598.55	-701,123.06	-272,366.87	-5,817,721.61	157%
TOTAL	2,102,966.32	130,000.00	-	130,000.00	73,094,265.00	2,232,966.32	-826,553.37	-70,861,298.68	-370%
WARRI
TENOR FUND		-	-	-		-		-	0%
R-WIN		-	-	-		-	-	-	0%
REAP PRODUCT		-	-	-		-	-	-	0%
TOTAL		-	-	-	-	-	-	-	0%
TOTAL	75,328,793.17	9,100,000.00	21,182,794.00	-12,082,794.00	237,556,361.25	63,245,999.17	-230,153,914.73	-	-127%
PORT-HARCOURT
			WEEK 59
TENOR FUND	153,683,978.01237,553,126.04	11,800,13,700,000.00	732,328.773,419,494.12	11,067,671.2310,280,505.88	64,668,120.56116,402,617.01	164,751,649.24247,833,631.92	-48,756,030.1423,188,821.94	100,083,528.68131,431,014.91	-438%1169%
R-WIN	280,000.00			-	1,421,277.442,558,299.39	280,000.00	180,000.00	-1,141,277.442,278,299.39	56%
REAP PRODUCT	2,201,431.581,868,795.24	650,405,000.00	1,302,636.34633,510.61	-652,636.34228,510.61	4,974,470.758,954,047.35	1,548,795.24640,284.63	989,288.56-253,907.25	-3,425,675.517,313,762.72	57%-746%
	156,165,409.59239,701,921.28	12,450,14,105,000.00	2,034,965.114,053,004.73	10,415,034.89051,995.27	71,063,868.127,914,963.75	166,580,444.48249,753,916.55	-47,586,741.5823,262,729.19	95,516,575.73121,838,952.80	-450%1174%
CONSOLIDATED	BAL B/F	INFLOW	OUTFLOW	NET FLOW	CUM BUDGET YEAR TO DATE	PERFORMANCE YEAR TO DATE	PERFORMANCE YEAR TO DATE	BUDGET VARIANCE YEAR TO DATE	% CHANGE BETWEEN 2023 & 2022 (ACTUAL)
TENOR FUND	227,739,507.63	64,250,000.00	22,676,147.46	41,573,852.54	184,766,058.75	269,313,360.17	-3,922,785.18	84,547,301.42	-6965%
R-WIN	4,510,444.39	2,422,000.00	3,481,379.54	-1,059,379.54	4,060,792.56	3,451,064.85	-13,882,958.90	-609,727.71	-125%
REAP PRODUCT	-4,918,599.16	2,115,000.00	3,005,494.96	-890,494.96	14,212,773.69	-5,809,094.12	-303,682.66	-20,021,867.81	1813%
RBIP	-				-	-
CONSOLIDATED	BAL B/F	INFLOW	OUTFLOW	NET FLOW	CUM BUDGET YEAR TO DATE	PERFORMANCE YEAR TO DATE	PERFORMANCE YEAR TO DATE	BUDGET VARIANCE YEAR TO DATE	% CHANGE BETWEEN 2023 & 2022 (ACTUAL)
TENOR FUND	330,174,511.31	20,050,000.00	23,382,253.16	-3,332,253.16	332,578,905.75	326,842,258.15	-247,675,563.95	-5,736,647.60	-232%
R-WIN	-9,932,558.44	920,000.00	1,220,034.96	-300,034.96	7,309,426.61	-10,232,593.40	-5,688,404.03	-17,542,020.01	80%
REAP PRODUCT	-5,211,238.42	2,235,000.00	633,510.61	1,601,489.39	25,582,992.64	-3,609,749.03	-52,675.94	-29,192,741.67	6753%
RBIP	-				-	-			0%
	227,331,352.86315,030,714.45	68,787,23,205,000.00	29,163,021.9625,235,798.73	39,623,978.04-2,030,798.73	203,039,625.365,471,325.00	266,955,330.90312,999,915.72	-18,109,426.74253,416,643.92	63,915,705.90-52,471,409.28	-1574%224%

MEETING ADJOURNMENT

FaithGodfrey OzegbeEgbuokporo seconded by TawakalituFidelis OjesolaAzubuike adjourned the meeting.
Faith Ozegbe said the closing prayers