Week 33 08-14-2023
MANAGEMENT MEETING
Duration: 8:30am - 10:15am
Venue: Virtual Via Google Meet
Presided by: Faith Ozegbe
ATTENDEES
ABDULLAHI NAJIMUDEEN - Head, Internal Operations
ADETAYO OLUKOGA - Asset Creation (Public Sector)
AMOTO SERIKI - Internal Operations
ANTHONIA OGBU - Lead, Underwriting
CHIMA ANNONYE - Head, Business Operations
ELIZABETH ADENIJI - Head, Product Development
EMMANUEL DOE - Transformation
EMMANUEL ONAKOYA - Head, CRM
EZINNE UMOZURIKE - Head, Legal
FAITH OZEGBE - Acting Secretary
GODFREY EGBUOKPORO - Ag. Head, Communications
ISMAIL BALOGUN - Account
ISIMEMEN EBHOMIEN - Account
KELVIN MGBEMELE - Ag. Head, Software
LINDA OTTAH-IJEKEYE - Lead, Brokers Admin
MERCY UMA - Treasury
OLUSEGUN AKEJU - Portfolio Risk Analyst
OLUWAFISAYO OMOPARIOLA - Sales Operations & Strategy
OLUWASEGUN BOLAWOLE - Head, Strategic Partnership
OLUWOLE EWEJOBI - Head, Information Technology
OMOWALE BELLO - Coperate Lease
SOPHIA DAGI - Head, Client Experience Management & Telesales
STANLEY MAFUVWE - Head, Asset Remedial Management
TAIWO AJAGUNSEGUN - Business Operations
VICTOR AKINWANDE - Business Operations
OPENING PRAYER
Sophia Dagi 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, Strategic Partnership, Co-operate Lease, Treasury, Credit Risk Management, Business Operations, Product Development, and Internal Operations
ACTIVITY REPORT (7th – 11th August, 2023)
Accounts Team Report
For the week in review, Risk asset/Cash backed loan performance shows Lagos: 4.6MM, and Port Harcourt - 3.4M. Liability generation Performance Inflow: Lagos - 27M, Port Harcourt - 20.4M, Abuja - 90K Outflow: Lagos - 33.1M, Abuja - 4.2M, Port Harcourt - 21.9 M.
Client Experience Management Team Report
For the period in review 644, conversations were recorded. 59.16% from Lagos, 22.83% from Abuja, and 18.01% from Port Harcourt. The conversation breakdown includes Requests - 15.22%, General Enquiry - 22.52%, Loans - 49.53%, and Complaints - 12.58% while the complaints breakdown includes Wrong debit - 57.83%, CRC Issues - 9.64%, Disbursement - 30.12%. All complaints received will be taken up with concerned stakeholders.
Sales Operations and Strategy Team Report
RISK ASSET
Overall Sales – 8.94M
Personal Loan 3 performed the highest
Team Performance: Telesales: 41.7%, Sales: 58.3%
Product Type Performance: Personal Loan - 8.94M (100%)
Unit Location Performance: Lagos- 4.7M, Port Harcourt – 3.5M, Anambra - 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 1.5M (14% of the week’s target) at 2 counts and 0 (0% of the week’s target) at 0 counts respectively.
Strategic Partnership Team Report
For the period in review, the total sales achieved is 3.8M (33% 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 78.4% (15M) of the budget. Risk Asset Transaction Disbursed for the week Nil, Fresh Fund (RTN) for the Week 10M, Reap Fund for the week 30K, Rollover for the week 5M, Liquidation for the week 4.2M. The report also captured Pending RTN transactions.
Cooperate Lease Team Report
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 33 experienced a net positive change in cash flow from 31M negative in week 32 to 44M positive. Treasury reported a negative 44M total NetFlow, with 55M inflows and 99M outflows. Risk asset receivables of 79M were received from loans
Credit Risk Management Report
The report shows Core underwriters approved 101 transactions and pushed back 40 transactions. The senior underwriters approved 57 transactions, pushed back 22 transactions, and declined 1 transaction. In the recovery space, a total of 16.2M was recovered and distributed as PDO recovery: 14.7M at 160 counts (37% of the target). Extended interest recovery as 302.6K at 9 counts (7% of the target), Provisioned Accounts recovery as 1.1M at 26 counts (37% of the target).
Product Development Team Report
Captures ongoing and completed projects.
Business Operations Team Report
Captures ongoing and completed projects.
Internal Operations Team Report
Captures ongoing and completed projects.
RISK ASSET GENERATION REPORT
| WEEK | 32 | Ending | 12-Aug-23 | ||||||
| BAL B/F | WEEK 32 | 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 | 1,307,700,786.84 | 4,660,000.00 | 1,312,360,786.84 | 33,476,350.00 | 1,278,884,436.84 | 2,817,496,709.02 | -55% | 1,450,478,041.88 | -10% |
| Consumer Leases | 951,141.97 | 951,141.97 | 951,141.97 | 59,534,545.12 | -98% | 6,227,913.15 | -85% | ||
| Asset Cash Loan | - | - | 0% | ||||||
| SPBS | - | - | - | 0% | |||||
| Sub-Total | 1,308,651,928.81 | 4,660,000.00 | 1,313,311,928.81 | 33,476,350.00 | 1,279,835,578.81 | 2,877,031,254.14 | -55.52% | 1,456,705,955.03 | -10% |
| Corporate Leases | - | - | 8,235,553.98 | -100% | 0% | ||||
| Operating Leases | 55,000,000.00 | 55,000,000.00 | 55,000,000.00 | 601,108,283.83 | -91% | 125,531,250.00 | -56% | ||
| Business Support Loan/ACL-Corporate | 23,582,800.00 | 23,582,800.00 | 23,582,800.00 | 9,697,759.13 | 143% | 18,000,000.00 | 31% | ||
| Sub-Total | 78,582,800.00 | - | 78,582,800.00 | - | 78,582,800.00 | 619,041,596.94 | -87.31% | 143,531,250.00 | -45% |
| B2C - Products | 1,308,651,928.81 | 4,660,000.00 | 1,313,311,928.81 | 33,476,350.00 | 1,279,835,578.81 | 2,877,031,254.14 | -56% | 1,456,705,955.03 | -10% |
| B2B - Products | 78,582,800.00 | - | 78,582,800.00 | - | 78,582,800.00 | 619,041,596.94 | -87% | 143,531,250.00 | -45% |
| TOTAL FOR LAGOS | 1,387,234,728.81 | 4,660,000.00 | 1,391,894,728.81 | 33,476,350.00 | 1,358,418,378.81 | 3,496,072,851.08 | -61.14% | 1,600,237,205.03 | -13% |
| Cash Backed loan / Credit Card | 12,250,000.00 | 12,250,000.00 | 12,250,000.00 | 82,472,313.10 | -85% | 123,346,044.97 | -90% | ||
| Total Risk Assets & Cash-Backed Loan | 1,399,484,728.81 | 4,660,000.00 | 1,404,144,728.81 | 33,476,350.00 | 1,370,668,378.81 | 3,578,545,164.17 | -61.70% | 1,723,583,250.00 | -19% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | ABUJA BRANCH PERFORMANCE | ||||||||
| WEEK | 32 | Ending | 12-Aug-23 | ||||||
| BAL B/F | WEEK 32 | 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 | 340,887,011.86 | 340,887,011.86 | 1,516,555.61 | 339,370,456.25 | 1,565,275,949.45 | -78% | 562,908,301.97 | -39% | |
| Consumer Leases | - | - | 33,074,747.29 | -100% | - | 0% | |||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Abuja | 340,887,011.86 | - | 340,887,011.86 | 1,516,555.61 | 339,370,456.25 | 1,598,350,696.74 | -79% | 562,908,301.97 | -39% |
| Corporate Lease | - | - | 4,575,307.77 | -100% | 0% | ||||
| Operating Leases | - | - | 333,949,046.57 | -100% | 0% | ||||
| Business Support Loan/ACL-Corporate | - | - | 5,387,643.96 | -100% | 0% | ||||
| Sub-Total B 2 B Leases | - | - | - | - | - | 343,911,998.30 | -100% | - | 0% |
| - | |||||||||
| B2C - Products | 340,887,011.86 | - | 340,887,011.86 | 1,516,555.61 | 339,370,456.25 | 1,598,350,696.74 | -79% | 562,908,301.97 | -39% |
| B2B - Products | - | - | - | - | - | 343,911,998.30 | -100% | - | 0% |
| TOTAL FOR ABUJA | 340,887,011.86 | - | 340,887,011.86 | 1,516,555.61 | 339,370,456.25 | 1,942,262,695.05 | -83% | 562,908,301.97 | -39% |
| Cash Backed loan / Credit Card | - | - | 45,817,951.72 | -100% | 0% | ||||
| Total Risk Assets & Cash-Backed Loan | 340,887,011.86 | - | 340,887,011.86 | 1,516,555.61 | 339,370,456.25 | 1,988,080,646.76 | -83% | 562,908,301.97 | -39% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | PORT-HARCOURT BRANCH PERFORMANCE | ||||||||
| WEEK | 32 | Ending | 12-Aug-23 | ||||||
| BAL B/F 2023 | WEEK 32 | 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 | 386,260,262.06 | 3,478,999.00 | 389,739,261.06 | 11,984,291.39 | 626,535,800.00 | 1,878,331,139.35 | -67% | 637,960,800.00 | -39% |
| Consumer Leases | - | - | 39,689,696.74 | -100% | 0% | ||||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Port Harcourt | 386,260,262.06 | 3,478,999.00 | 389,739,261.06 | 11,984,291.39 | 626,535,800.00 | 1,918,020,836.09 | -67.33% | 637,960,800.00 | -39% |
| Corporate Leases | - | - | 5,490,369.32 | -100% | 0% | ||||
| Operating Leases | 336,000,250.00 | 336,000,250.00 | 336,000,250.00 | 400,738,855.88 | -16% | 0% | |||
| Business Support Loan/ACL-Corporate | - | - | 6,465,172.75 | -100% | 0% | ||||
| Sub-Total B 2 B Leases | 336,000,250.00 | 0 | 336,000,250.00 | 0 | 336,000,250.00 | 412,694,397.95 | -18.58% | 0 | 0% |
| - | 0% | ||||||||
| B2C - Products | 386,260,262.06 | 3,478,999.00 | 389,739,261.06 | 11,984,291.39 | 626,535,800.00 | 1,918,020,836.09 | -67% | 637,960,800.00 | -39% |
| B2B - Products | 336,000,250.00 | - | 336,000,250.00 | - | 336,000,250.00 | 412,694,397.95 | -19% | - | 0% |
| TOTAL FOR PORT HARCOURT | 722,260,512.06 | 3,478,999.00 | 725,739,511.06 | 11,984,291.39 | 962,536,050.00 | 2,330,715,234.04 | -58.70% | 637,960,800.00 | 14% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 550,000.00 | 550,000.00 | 550,000.00 | 54,981,542.06 | -99% | 0 | 0% | ||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 722,810,512.06 | 3,478,999.00 | 726,289,511.06 | 11,984,291.39 | 963,086,050.00 | 2,385,696,776.10 | -59.63% | 637,960,800.00 | 14% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | ANAMBRA BRANCH PERFORMANCE | ||||||||
| WEEK | WEEK 32 | 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 | 26,053,000.00 | 806,000.00 | 26,859,000.00 | 26,859,000.00 | 0% | 0% | |||
| Consumer Leases | - | - | 0% | 0% | |||||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Port Harcourt | 26,053,000.00 | 806,000.00 | 26,859,000.00 | 0 | 26,859,000.00 | 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 | 26,053,000.00 | 806,000.00 | 26,859,000.00 | - | 26,859,000.00 | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR ANAMBRA | 26,053,000.00 | 806,000.00 | 26,859,000.00 | 0 | 26,859,000.00 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0% | |||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 26,053,000.00 | 806,000.00 | 26,859,000.00 | 0 | 26,859,000.00 | 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 | 29,180,000.00 | 29,180,000.00 | 29,180,000.00 | 0% | 0% | ||||
| Consumer Leases | - | 0% | 0% | ||||||
| Asset Cash Loan | - | 0% | 0% | ||||||
| SPBS | - | 0% | 0% | ||||||
| Sub-Total Port Harcourt | 29,180,000.00 | 0 | 29,180,000.00 | 0 | 29,180,000.00 | 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 | 29,180,000.00 | - | 29,180,000.00 | - | 29,180,000.00 | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR OYO | 29,180,000.00 | 0 | 29,180,000.00 | 0 | 29,180,000.00 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0 | 0% | ||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 29,180,000.00 | 0 | 29,180,000.00 | 0 | 29,180,000.00 | 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 | 7,820,000.00 | 7,820,000.00 | 7,820,000.00 | 0% | 0% | ||||
| Consumer Leases | - | 0% | 0% | ||||||
| Asset Cash Loan | - | 0% | 0% | ||||||
| SPBS | - | 0% | 0% | ||||||
| Sub-Total Port Harcourt | 7,820,000.00 | 0 | 7,820,000.00 | 0 | 7,820,000.00 | 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 | 7,820,000.00 | - | 7,820,000.00 | - | 7,820,000.00 | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR ONDO | 7,820,000.00 | 0 | 7,820,000.00 | 0 | 7,820,000.00 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0 | 0% | ||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 7,820,000.00 | 0 | 7,820,000.00 | 0 | 7,820,000.00 | 0 | 0.00% | 0 | 0% |
TREASURY MANAGEMENT REPORT
| ROSABON FINANCIAL SERVICES | LIABILITY GENERATION REPORT | ||||||||
| WEEK | 32 | Ending | 12-Aug-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 | -850,470,030.61 | 25,879,338.00 | 21,115,789.76 | 4,763,548.24 | 532,126,249.20 | -845,706,482.37 | 237,309,648.91 | -1,377,832,731.57 | -456% |
| R-WIN | -3,396,484.46 | 880,000.00 | 10,325,136.55 | -9,445,136.55 | 11,695,082.40 | -12,841,621.01 | -6,308,608.67 | -24,536,703.41 | 104% |
| REAP PRODUCT | 5,965,363.64 | 340,000.00 | 1,685,885.24 | -1,345,885.24 | 40,932,788.40 | 4,619,478.40 | -3,092,196.56 | -36,313,310.00 | -249% |
| RBIP | - | ||||||||
| TOTAL | -847,901,151.43 | 27,099,338.00 | 33,126,811.55 | -6,027,473.55 | 584,754,120.00 | -853,928,624.98 | 227,908,843.68 | -1,438,682,744.98 | -475% |
| ABUJA | |||||||||
| TENOR FUND | -10,565,516.83 | 3,000,000.00 | -3,000,000.00 | 236,500,555.20 | -13,565,516.83 | 33,930,597.61 | -250,066,072.03 | -140% | |
| R-WIN | - | - | 5,197,814.40 | - | -77,705.31 | -5,197,814.40 | -1 | ||
| REAP PRODUCT | 473,297.19 | 90,000.00 | 1,223,405.46 | -1,133,405.46 | 18,192,350.40 | -660,108.27 | 607,633.13 | -18,852,458.67 | -209% |
| TOTAL | -10,092,219.64 | 90,000.00 | 4,223,405.46 | -4,133,405.46 | 259,890,720.00 | -14,225,625.10 | 34,460,525.43 | -274,116,345.10 | -141% |
| WARRI | |||||||||
| TENOR FUND | - | - | - | - | - | 0% | |||
| R-WIN | - | - | - | - | - | - | 0% | ||
| REAP PRODUCT | - | - | - | - | - | - | 0% | ||
| TOTAL | - | - | - | - | - | - | - | 0% | |
| TOTAL | -857,993,371.07 | 27,189,338.00 | 37,350,217.01 | -10,160,879.01 | 844,644,840.00 | -868,154,250.08 | 262,369,369.11 | - | -431% |
| PORT-HARCOURT | |||||||||
| WEEK 32 | |||||||||
| TENOR FUND | 452,400,967.13 | 20,349,750.00 | 21,606,972.00 | -1,257,222.00 | 413,875,971.60 | 451,143,745.13 | 153,375,562.00 | 37,267,773.53 | 194% |
| R-WIN | 1,075,000.00 | 300,000.00 | -300,000.00 | 9,096,175.60 | 775,000.00 | 49,814.68 | -8,321,175.60 | 1456% | |
| REAP PRODUCT | 95,695.71 | 70,000.00 | 50,000.00 | 20,000.00 | 31,836,612.80 | 115,695.71 | 1,432,672.14 | -31,720,917.09 | -92% |
| 453,571,662.84 | 20,419,750.00 | 21,956,972.00 | -1,537,222.00 | 454,808,760.00 | 452,034,440.84 | 154,858,048.82 | -2,774,319.16 | 192% | |
| 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 | -408,634,580.31 | 46,229,088.00 | 45,722,761.76 | 506,326.24 | 1,182,502,776.00 | -408,128,254.07 | 424,615,808.52 | -1,590,631,030.07 | -196% |
| R-WIN | -2,321,484.46 | 880,000.00 | 10,625,136.55 | -9,745,136.55 | 25,989,072.40 | -12,066,621.01 | -6,336,499.30 | -38,055,693.41 | 90% |
| REAP PRODUCT | 6,534,356.54 | 500,000.00 | 2,959,290.70 | -2,459,290.70 | 90,961,751.60 | 4,075,065.84 | -1,051,891.29 | -86,886,685.76 | -487% |
| RBIP | - | - | - | 0% | |||||
| -404,421,708.23 | 47,609,088.00 | 59,307,189.01 | -11,698,101.01 | 1,299,453,600.00 | -416,119,809.24 | 417,227,417.93 | -1,715,573,409.24 | -200% |
MEETING ADJOURNMENT
Sophia Dagi seconded by Faith Ozegbe adjourned the meeting
Faith Ozegbe said the closing prayer
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