Week 29 07-17-2023
MANAGEMENT MEETING
Duration: 8:30am - 11:30am
Venue: Virtual Via Google Meet
Presided by: Faith Ozegbe
ATTENDEES
ABDULLAHI NAJIMUDEEN - Head, Internal Operations
ADETAYO OLUKOGA - Asset Creation (Public Sector)
ANTHONIA OGBU - Lead, Underwriting
BLESSING YAHAYA - Ag Head, Wealth Management
CHINEDU UGWU - Legal
EDNA EJIMAKOR - Branch Manager, Port Harcourt
ELIZABETH ADENIJI - Head, Product Development
EMMANUEL ONAKOYA - Head, CRM
FAITH OZEGBE - Acting Secretary
GODFREY EGBUOKPORO - Ag. Head, Communications
ISIMEMEN EBHOMIEN - Account
ISMAIL BALOGUN - Account
LINDA OTTAH-IJEKEYE - Lead, Brokers Admin
OLUSEGUN AKEJU - Portfolio Risk Analyst
OLUWADAMILARE OLAYINKA - Transformation
OLUWAFISAYO OMOPARIOLA - Sales Operations & Strategy
OLUWASEGUN BOLAWOLE - Head, Strategic Partnership
OLUWOLE EWEJOBI - Head, Information Technology
OMOWALE BELLO - Coperate Lease
PETER OJUKWU - Ag, Head, Recovery & Collections
SOPHIA DAGI - Head, Client Experience Management & Telesales
STANLEY MAFUVWE - Head, Asset Remedial Management
TAIWO AJAGUNSEGUN - Business Operations
VICTOR AKINWANDE - Business Operations
OPENING PRAYER
Blessing Yahaya said the opening prayer
ADOPTION OF MINUTES
Sophia Dagi seconded by faith Ozegbe adopted the minutes of the last meeting.
ORDER OF PRESENTATION
Client Experience Management, Sales Operations, Asset Creation, Asset Creation (Public Sector), Strategic Partnership, Co-operate Lease, Treasury, Credit Risk Management, Business Operations, Product Development, and Legal.
ACTIVITY REPORT (10th – 14th July, 2023)
Accounts Team Report
For the week in review, Risk asset/Cash backed loan performance shows Lagos: 36.3M, Abuja - 13.7M, and Port Harcourt - 16.8M. Liability generation Performance Inflow: Lagos - 26.8M, Port Harcourt - 41.8M, Abuja - 7M, Outflow: Lagos - 63.8M, Port Harcourt - 15M.
Client Experience Management Team Report
For the period in review 877, conversations were recorded. 59.20% from Lagos, 21.97% from Abuja, and 188.83% from Port Harcourt. The complaints breakdown includes Wrong debit - 45.61%, CRC Issues - 14.91%, Disbursement - 39.47%, and Double Debit - 0%. All complaints received will be taken up with concerned stakeholders.
Sales Operations and Strategy Team Report
RISK ASSET
Overall Sales – 5.52M
Anambra State Civil Service plus performing the highest
Team Performance: Telesales: 23.55%, Sales: 76.45%
Product Type Performance: Personal Loan - 5.52M (100%).
Unit Location Performance: Lagos- 2.7M, Anambra - 2.1M, Port Harcourt – 0.8M
Tele-sales Team Report
The total amount consummated by the team for the week in review is 1.5M (3% of the week’s target) at 2 counts with core tele sales and tele sales-cold call team consummating 1.3M (12% of the week’s target) at 1 counts and 200K (0% of the week’s target) at 1 counts respectively.
Asset Creation report
For the period in review, Transactions disbursed are 4M. Others are at various transaction stages.
Asset Creation Report (Public Sector)
For the period in review, Transactions disbursed are 2.6M. Others are at various transaction stages.
Strategic Partnership Team Report
For the period in review, the total sales achieved is 0M (0% 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 liability generation is 39.5% (7.5M) of the budget. Risk Asset Transaction Disbursed for the week Nil, Fresh Fund (RTN) for the Week 2.3M, Reap Fund for the week 100k, Rollover for the week 5M, Liquidation for the week Nil. The report also captured Pending RTN transactions.
Cooperate Lease Team Report
shows all transactions of the existing operating lease clients and their outstanding payments. The report also captures transactions in the pipeline (operating lease).
Wealth Management Team Report
For the week in review Executive summary shows the Liquidity Requirement status as CRITICAL. Week 28 experienced a net negative change in cash flow from 9M negative in week 27 to 45M negative. Treasury reported a negative 45M total NetFlow, with 79M inflows and 34M outflows.
Credit Risk Management Report
The report shows Core underwriters approved 213 transactions and pushed back 98 transactions. The senior underwriters approved 190 transactions and pushed back 40 transactions. In the recovery space, PDO recovered: 9.2M at 95 counts (27% of the target). Extended interest recovery as 371.2K at 27 counts (9% of the target), Provisioned Accounts recovery as 4.4M at 72 counts (147% of the target).
Product Development Team Report
Captures ongoing and completed projects.
Business Operations Team Report
Captures ongoing and completed projects.
RISK ASSET GENERATION REPORT
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | LAGOS BRANCH PERFORMANCE | ||||||||
| WEEK | 28 | Ending | 15-Jul-23 | ||||||
| BAL B/F | WEEK 28 | ACTUAL PERFORMANCE | ACTUAL | NET PERFORMANCE | CUMULATIVE 2023 BUDGET | BUDGET VARIANCE YEAR TO DATE |
PERFORMANCE YEAR TO DATE |
% CHANGE BETWEEN 2022 & 2023 | |
| ACTUAL PERFOMANCE | YEAR TO DATE | PRE-LIQUIDATED LOANS | YEAR TO DATE | ||||||
| 2023 | 2023 | 2023 | 2023 | 2023 | 2023 | 2022 | 2022 vs 2023 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan | 1,246,681,786.84 | 2,671,000.00 | 1,249,352,786.84 | 33,476,350.00 | 1,215,876,436.84 | 2,465,309,620.39 | -51% | 1,243,855,741.88 | 0% |
| Consumer Leases | 951,141.97 | 951,141.97 | 951,141.97 | 52,092,726.98 | -98% | 6,169,688.15 | -85% | ||
| Asset Cash Loan | - | - | 0% | ||||||
| SPBS | - | - | - | 0% | |||||
| Sub-Total | 1,247,632,928.81 | 2,671,000.00 | 1,250,303,928.81 | 33,476,350.00 | 1,216,827,578.81 | 2,517,402,347.37 | -51.66% | 1,250,025,430.03 | 0% |
| Corporate Leases | - | - | 7,206,109.73 | -100% | 0% | ||||
| Operating Leases | 55,000,000.00 | 55,000,000.00 | 55,000,000.00 | 525,969,748.35 | -90% | 125,531,250.00 | -56% | ||
| Business Support Loan/ACL-Corporate | 23,582,800.00 | 23,582,800.00 | 23,582,800.00 | 8,485,539.24 | 178% | 18,000,000.00 | 31% | ||
| Sub-Total | 78,582,800.00 | - | 78,582,800.00 | - | 78,582,800.00 | 541,661,397.32 | -85.49% | 143,531,250.00 | -45% |
| B2C - Products | 1,247,632,928.81 | 2,671,000.00 | 1,250,303,928.81 | 33,476,350.00 | 1,216,827,578.81 | 2,517,402,347.37 | -52% | 1,250,025,430.03 | 0% |
| B2B - Products | 78,582,800.00 | - | 78,582,800.00 | - | 78,582,800.00 | 541,661,397.32 | -85% | 143,531,250.00 | -45% |
| TOTAL FOR LAGOS | 1,326,215,728.81 | 2,671,000.00 | 1,328,886,728.81 | 33,476,350.00 | 1,295,410,378.81 | 3,059,063,744.69 | -57.65% | 1,393,556,680.03 | -5% |
| Cash Backed loan / Credit Card | 11,850,000.00 | 11,850,000.00 | 11,850,000.00 | 72,163,273.96 | -84% | 121,646,044.97 | -90% | ||
| Total Risk Assets & Cash-Backed Loan | 1,338,065,728.81 | 2,671,000.00 | 1,340,736,728.81 | 33,476,350.00 | 1,307,260,378.81 | 3,131,227,018.65 | -58.25% | 1,515,202,725.00 | -12% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | ABUJA BRANCH PERFORMANCE | ||||||||
| WEEK | 28 | Ending | 15-Jul-23 | ||||||
| BAL B/F | WEEK 28 | ACTUAL PERFORMANCE | ACTUAL | NET PERFORMANCE | CUMULATIVE 2023 BUDGET | BUDGET VARIANCE YEAR TO DATE |
PERFORMANCE YEAR TO DATE |
% CHANGE BETWEEN 2022 & 2023 | |
| ACTUAL PERFOMANCE | YEAR TO DATE | PRE-LIQUIDATED LOANS | YEAR TO DATE | ||||||
| 2023 | 2023 | 2023 | 2023 | 2023 | 2023 | 2022 | 2023 vs 2022 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan | 330,058,012.86 | 330,058,012.86 | 1,516,555.61 | 328,541,457.25 | 1,369,616,455.77 | -76% | 453,313,096.98 | -27% | |
| Consumer Leases | - | - | 28,940,403.88 | -100% | - | 0% | |||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Abuja | 330,058,012.86 | - | 330,058,012.86 | 1,516,555.61 | 328,541,457.25 | 1,398,556,859.65 | -77% | 453,313,096.98 | -27% |
| Corporate Lease | - | - | 4,003,394.30 | -100% | 0% | ||||
| Operating Leases | - | - | 292,205,415.75 | -100% | 0% | ||||
| Business Support Loan/ACL-Corporate | - | - | 4,714,188.47 | -100% | 0% | ||||
| Sub-Total B 2 B Leases | - | - | - | - | - | 300,922,998.51 | -100% | - | 0% |
| - | |||||||||
| B2C - Products | 330,058,012.86 | - | 330,058,012.86 | 1,516,555.61 | 328,541,457.25 | 1,398,556,859.65 | -77% | 453,313,096.98 | -27% |
| B2B - Products | - | - | - | - | - | 300,922,998.51 | -100% | - | 0% |
| TOTAL FOR ABUJA | 330,058,012.86 | - | 330,058,012.86 | 1,516,555.61 | 328,541,457.25 | 1,699,479,858.17 | -81% | 453,313,096.98 | -27% |
| Cash Backed loan / Credit Card | - | - | 40,090,707.75 | -100% | 0% | ||||
| Total Risk Assets & Cash-Backed Loan | 330,058,012.86 | - | 330,058,012.86 | 1,516,555.61 | 328,541,457.25 | 1,739,570,565.92 | -81% | 453,313,096.98 | -27% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | PORT-HARCOURT BRANCH PERFORMANCE | ||||||||
| WEEK | 28 | Ending | 15-Jul-23 | ||||||
| BAL B/F 2023 | WEEK 28 | PERFORMANCE YEAR TO DATE 2023 | PRE-LIQUIDATED LOANS 2022 | NET PERFORMANCE 2023 | CUMULATIVE 2023 BUDGET | BUDGET VARIANCE YEAR TO DATE 2022 |
PERFORMANCE YEAR TO DATE 2022 |
% CHANGE BETWEEN 2022 & 2023 | |
| ACTUAL PERFOMANCE | YEAR TO DATE | PRE-LIQUIDATED LOANS | YEAR TO DATE | ||||||
| 2023 | 2023 | 2023 | 2023 | 2023 | 2023 | 2022 | 2022 vs 2023 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan | 372,916,262.06 | 750,000.00 | 373,666,262.06 | 11,984,291.39 | 361,681,970.67 | 1,643,539,746.93 | -78% | 530,398,800.00 | -30% |
| Consumer Leases | - | - | 34,728,484.65 | -100% | 0% | ||||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Port Harcourt | 372,916,262.06 | 750,000.00 | 373,666,262.06 | 11,984,291.39 | 361,681,970.67 | 1,678,268,231.58 | -78.45% | 530,398,800.00 | -30% |
| Corporate Leases | - | - | 4,804,073.15 | -100% | 0% | ||||
| Operating Leases | 336,000,250.00 | 336,000,250.00 | 336,000,250.00 | 350,646,498.90 | -4% | 0% | |||
| Business Support Loan/ACL-Corporate | - | - | 5,657,026.16 | -100% | 0% | ||||
| Sub-Total B 2 B Leases | 336,000,250.00 | 0 | 336,000,250.00 | 0 | 336,000,250.00 | 361,107,598.21 | -6.95% | 0 | 0% |
| - | 0% | ||||||||
| B2C - Products | 372,916,262.06 | 750,000.00 | 373,666,262.06 | 11,984,291.39 | 361,681,970.67 | 1,678,268,231.58 | -78% | 530,398,800.00 | -30% |
| B2B - Products | 336,000,250.00 | - | 336,000,250.00 | - | 336,000,250.00 | 361,107,598.21 | -7% | - | 0% |
| TOTAL FOR PORT HARCOURT | 708,916,512.06 | 750,000.00 | 709,666,512.06 | 11,984,291.39 | 697,682,220.67 | 2,039,375,829.79 | -65.79% | 530,398,800.00 | 34% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 550,000.00 | 550,000.00 | 550,000.00 | 48,108,849.30 | -99% | 0 | 0% | ||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 709,466,512.06 | 750,000.00 | 710,216,512.06 | 11,984,291.39 | 698,232,220.67 | 2,087,484,679.09 | -66.55% | 530,398,800.00 | 34% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | ANAMBRA BRANCH PERFORMANCE | ||||||||
| WEEK | WEEK 28 | Ending | PERFORMANCE YEAR TO DATE 2022 |
||||||
| BAL B/F 2023 | ACTUAL PERFOMANCE | PERFORMANCE YEAR TO DATE 2023 | PRE-LIQUIDATED LOANS 2022 | NET PERFORMANCE 2023 | CUMULATIVE 2022 BUDGET | BUDGET VARIANCE YEAR TO DATE 2022 |
PERFORMANCE YEAR TO DATE 2022 |
% CHANGE BETWEEN 2022 & 2023 | |
| ACTUAL PERFOMANCE | YEAR TO DATE | PRE-LIQUIDATED LOANS | YEAR TO DATE | ||||||
| 2023 | 2023 | 2023 | 2023 | 2023 | 2023 | 2022 | 2022 vs 2023 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan | 21,383,000.00 | 2,100,000.00 | 23,483,000.00 | 23,483,000.00 | 0% | 0% | |||
| Consumer Leases | - | - | 0% | 0% | |||||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Port Harcourt | 21,383,000.00 | 2,100,000.00 | 23,483,000.00 | 0 | 23,483,000.00 | 0 | 0.00% | 0 | 0% |
| Corporate Leases | - | - | 0% | 0% | |||||
| Operating Leases | - | - | 0% | 0% | |||||
| Business Support Loan/ACL-Corporate | - | - | 0% | 0% | |||||
| Sub-Total B 2 B Leases | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% | 0 | 0% |
| - | 0% | ||||||||
| B2C - Products | 21,383,000.00 | 2,100,000.00 | 23,483,000.00 | - | 23,483,000.00 | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR ANAMBRA | 21,383,000.00 | 2,100,000.00 | 23,483,000.00 | 0 | 23,483,000.00 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0% | |||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 21,383,000.00 | 2,100,000.00 | 23,483,000.00 | 0 | 23,483,000.00 | 0 | 0.00% | 0 | 0% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | OYO BRANCH PERFORMANCE | ||||||||
| WEEK | ACTUAL PERFOMANCE | Ending | PERFORMANCE YEAR TO DATE 2022 |
||||||
| BAL B/F 2023 | ACTUAL PERFOMANCE | PERFORMANCE YEAR TO DATE 2023 | PRE-LIQUIDATED LOANS 2022 | NET PERFORMANCE 2023 | CUMULATIVE 2022 BUDGET | BUDGET VARIANCE YEAR TO DATE 2022 |
PERFORMANCE YEAR TO DATE 2022 |
% CHANGE BETWEEN 2022 & 2023 | |
| ACTUAL PERFOMANCE | YEAR TO DATE | PRE-LIQUIDATED LOANS | YEAR TO DATE | ||||||
| 2023 | 2023 | 2023 | 2023 | 2023 | 2023 | 2022 | 2022 vs 2023 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan | 27,766,000.00 | 27,766,000.00 | 27,766,000.00 | 0% | 0% | ||||
| Consumer Leases | - | 0% | 0% | ||||||
| Asset Cash Loan | - | 0% | 0% | ||||||
| SPBS | - | 0% | 0% | ||||||
| Sub-Total Port Harcourt | 27,766,000.00 | 0 | 27,766,000.00 | 0 | 27,766,000.00 | 0 | 0.00% | 0 | 0% |
| Corporate Leases | - | 0% | 0% | ||||||
| Operating Leases | - | 0% | 0% | ||||||
| Business Support Loan/ACL-Corporate | - | 0% | 0% | ||||||
| Sub-Total B 2 B Leases | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% | 0 | 0% |
| - | 0% | ||||||||
| B2C - Products | 27,766,000.00 | - | 27,766,000.00 | - | 27,766,000.00 | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR OYO | 27,766,000.00 | 0 | 27,766,000.00 | 0 | 27,766,000.00 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0 | 0% | ||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 27,766,000.00 | 0 | 27,766,000.00 | 0 | 27,766,000.00 | 0 | 0.00% | 0 | 0% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | ONDO BRANCH PERFORMANCE | ||||||||
| WEEK | ACTUAL PERFOMANCE | Ending | PERFORMANCE YEAR TO DATE 2022 |
||||||
| BAL B/F 2023 | ACTUAL PERFOMANCE | PERFORMANCE YEAR TO DATE 2023 | PRE-LIQUIDATED LOANS 2022 | NET PERFORMANCE 2023 | CUMULATIVE 2022 BUDGET | BUDGET VARIANCE YEAR TO DATE 2022 |
PERFORMANCE YEAR TO DATE 2022 |
% CHANGE BETWEEN 2022 & 2023 | |
| ACTUAL PERFOMANCE | YEAR TO DATE | PRE-LIQUIDATED LOANS | YEAR TO DATE | ||||||
| 2023 | 2023 | 2023 | 2023 | 2023 | 2023 | 2022 | 2022 vs 2023 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan | 6,250,000.00 | - | 6,250,000.00 | 6,250,000.00 | 0% | 0% | |||
| Consumer Leases | - | 0% | 0% | ||||||
| Asset Cash Loan | - | 0% | 0% | ||||||
| SPBS | - | 0% | 0% | ||||||
| Sub-Total Port Harcourt | 6,250,000.00 | 0 | 6,250,000.00 | 0 | 6,250,000.00 | 0 | 0.00% | 0 | 0% |
| Corporate Leases | - | 0% | 0% | ||||||
| Operating Leases | - | 0% | 0% | ||||||
| Business Support Loan/ACL-Corporate | - | 0% | 0% | ||||||
| Sub-Total B 2 B Leases | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% | 0 | 0% |
| - | 0% | ||||||||
| B2C - Products | 6,250,000.00 | - | 6,250,000.00 | - | 6,250,000.00 | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR ONDO | 6,250,000.00 | 0 | 6,250,000.00 | 0 | 6,250,000.00 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0 | 0% | ||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 6,250,000.00 | 0 | 6,250,000.00 | 0 | 6,250,000.00 | 0 | 0.00% | 0 | 0% |
TREASURY MANAGEMENT REPORT
| ROSABON FINANCIAL SERVICES | LIABILITY GENERATION REPORT | ||||||||
| WEEK | 28 | Ending | 15-Jul-23 | ||||||
| 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 | -868,875,765.74 | 56,054,000.00 | 17,263,737.09 | 38,790,262.91 | 465,610,468.05 | -830,085,502.83 | 520,561,952.00 | -1,295,695,970.88 | -259% |
| R-WIN | -8,354,112.59 | 3,085,000.00 | 671,000.00 | 2,414,000.00 | 10,233,197.10 | -5,940,112.59 | -10,374,617.36 | -16,173,309.69 | -43% |
| REAP PRODUCT | 7,802,449.98 | 460,000.00 | 407,048.20 | 52,951.80 | 35,816,189.85 | 7,855,401.78 | -3,003,544.99 | -27,960,788.07 | -362% |
| RBIP | - | ||||||||
| TOTAL | -869,427,428.35 | 59,599,000.00 | 18,341,785.29 | 41,257,214.71 | 511,659,855.00 | -828,170,213.64 | 507,183,789.65 | -1,339,830,068.64 | -263% |
| ABUJA | |||||||||
| TENOR FUND | -15,665,516.83 | 100,000.00 | 100,000.00 | 206,937,985.80 | -15,565,516.83 | 33,330,597.61 | -222,503,502.63 | -147% | |
| R-WIN | - | - | 4,548,087.60 | - | - | -4,548,087.60 | - | ||
| REAP PRODUCT | 998,316.39 | - | 15,918,306.60 | 998,316.39 | 457,633.13 | -14,919,990.21 | 118% | ||
| TOTAL | -14,667,200.44 | 100,000.00 | - | 100,000.00 | 227,404,380.00 | -14,567,200.44 | 33,788,230.74 | -241,971,580.44 | -143% |
| WARRI | |||||||||
| TENOR FUND | - | - | - | - | - | 0% | |||
| R-WIN | - | - | - | - | - | - | 0% | ||
| REAP PRODUCT | - | - | - | - | - | - | 0% | ||
| TOTAL | - | - | - | - | - | - | - | 0% | |
| TOTAL | -884,094,628.79 | 59,699,000.00 | 18,341,785.29 | 41,357,214.71 | 739,064,235.00 | -842,737,414.08 | 540,972,020.39 | - | -256% |
| PORT-HARCOURT | |||||||||
| WEEK 28 | |||||||||
| TENOR FUND | 321,874,427.90 | 19,800,000.00 | 29,269,242.04 | -9,469,242.04 | 362,141,475.15 | 312,405,185.86 | 178,143,023.01 | -49,736,289.29 | 75% |
| R-WIN | 1,075,000.00 | - | 7,959,153.65 | 1,075,000.00 | 49,814.68 | -6,884,153.65 | 2058% | ||
| REAP PRODUCT | 377,133.84 | 260,000.00 | 768,349.18 | -508,349.18 | 27,857,036.20 | -131,215.34 | 870,893.79 | -27,988,251.54 | -115% |
| 323,326,561.74 | 20,060,000.00 | 30,037,591.22 | -9,977,591.22 | 397,957,665.00 | 313,348,970.52 | 179,063,731.48 | -84,608,694.48 | 75% | |
| 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 | -562,666,854.67 | 75,954,000.00 | 46,532,979.13 | 29,421,020.87 | 1,034,689,929.00 | -533,245,833.80 | 732,035,572.62 | -1,567,935,762.80 | -173% |
| R-WIN | -7,279,112.59 | 3,085,000.00 | 671,000.00 | 2,414,000.00 | 22,740,438.35 | -4,865,112.59 | -10,324,802.68 | -27,605,550.94 | -53% |
| REAP PRODUCT | 9,177,900.21 | 720,000.00 | 1,175,397.38 | -455,397.38 | 79,591,532.65 | 8,722,502.83 | -1,675,018.07 | -70,869,029.82 | -621% |
| RBIP | - | - | - | 0% | |||||
| -560,768,067.05 | 79,759,000.00 | 48,379,376.51 | 31,379,623.49 | 1,137,021,900.00 | -529,388,443.56 | 720,035,751.87 | -1,666,410,343.56 | -174% |
MEETING ADJOURNMENT
Chinedu Ugwu seconded by Faith Ozegbe adjourned the meeting
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