Week 40 10-03-2023
MANAGEMENT MEETING
Duration: 8:30am - 10:09am
Venue: Virtual Via Google Meet
Presided by: Faith Ozegbe
ATTENDEES
ABDULLAHI NAJIMUDEEN - Head, Internal Operations
AMOTO SERIKI - Internal Operations
BLESSING YAHAYA - Ag Head, Wealth Management
EKOMOBONG AMAOWOH - Head, Product Development
EMMANUEL ONAKOYA - Head, CRM
EZINNE UMOZURIKE - Company Secretary & Head, Legal
GODFREY EGBUOKPORO - Ag. Head, Communications
FAITH OZEGBE - Acting Secretary
IBEREAYO AMOO - Ag. Head, Human Resources
ISMAIL BALOGUN - Accounts
ITIEKHAO IPEMINOGENA - General Manager
KELVIN MGBEMELE - Ag. Head Software
LINDA OTTAH-IJEKEYE - Brokers Admin
MERCY UMA - Treasury
OLUSEGUN AKEJU - Portfolio Risk Analyst
OLUWADAMILARE OLAYINKA - Head, Transformation
OLUWAFISAYO OMOPARIOLA - Sales Operations & Strategy
OLUWASEGUN BOLAWOLE - Strategic Partnership
OLUWOLE EWEJOBI - Head, Information Technology
OMOWALE BELLO - Cooperate Lease
SOPHIA DAGI - Ag Head, Client Experience Management
STANLEY MAFUVWE - Lead, Asset Remedial Management
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
Sales Operations, Telesales, Asset Creation, Public Sector, Strategic Partnership, Co-operate Lease, Port Harcourt, Treasury, Credit Risk Management, Transformation, Legal, Human Resources
ACTIVITY REPORT (25th - 29th September, 2023)
RISK ASSET
Sales YTD - 2.7B
Overall Sales – 40.56M
Sales Proprietorship Business performed the highest
Team Performance: Telesales: 6.16%, Sales: 16.41%, Lease: 77.63%
Product Type Performance: Personal Loan - 9.16M (22.57%), SPBS - 31.41M (77.43%)
Unit Location Performance: Lagos- 34.7M, Abuja - 2.8M, Kano - 1.8M, Anambra - 0.6M, Port Harcourt – 0.6M, Oyo - 0.1M
Tele-sales Team Report
The total amount consummated by the team for the week in review is 0M (0% of the week’s target) at 0 count with core tele sales and tele sales-cold call team consummating 0 (0% of the week’s target) at counts and 0M (0% of the week’s target) at 0 counts respectively.
Asset Creation report
Global Sales YTD - 2.64BN
For the period in review, Transactions disbursed are 9.1M. Others are at various transaction stages.
Strategic Partnership Team Report
For the period in review, the total sales achieved is 1.6M (13% 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 12.44% (2.3M) of the budget. Risk Asset Transaction Disbursed for the week Nil, Fresh Fund (RTN) for the Week Nil, Reap Fund for the week 600k, Rollover for the week 1.7M, Liquidation for the week 250K. 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, the Executive summary shows the Liquidity Requirement status as BAD. Week 39 experienced a net positive change in cash flow from 55M positive in week 38 to 257M positive. Treasury reported a negative 257M total NetFlow, with 51 million inflows and 308 million outflows.
Credit Risk Management Report
The report shows Core underwriters approved 36 transactions and pushed back 16 transactions. The senior underwriters approved 21 transactions and pushed back 2 transactions. PDO is 13.7M in the recovery space at 151 counts (36% of the target). Extended interest recovery as 2.3M at 23 counts (57% of the target), Provisioned Accounts recovery as 2.7M at 38 counts (89% of the target).
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 2515 staff were hired.
RISK ASSET GENERATION REPORT
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | LAGOS BRANCH PERFORMANCE | ||||||||
| WEEK | 39 | Ending | 30-Sep-23 | ||||||
| BAL B/F | WEEK 39 | 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 | 1,365,171,286.84 | 3,300,000.00 | 1,368,471,286.84 | 109,470,227.89 | 1,259,001,058.95 | 3,433,824,114.11 | -63% | 1,761,934,614.88 | -22% |
| Consumer Leases | 4,533,941.97 | 4,533,941.97 | 4,533,941.97 | 72,557,726.87 | -94% | 6,397,743.15 | -29% | ||
| Asset Cash Loan | - | - | 0% | ||||||
| SPBS | - | 31,408,900.00 | 31,408,900.00 | 31,408,900.00 | 0% | ||||
| Sub-Total | 1,369,705,228.81 | 34,708,900.00 | 1,404,414,128.81 | 109,470,227.89 | 1,294,943,900.92 | 3,506,381,840.98 | -63.07% | 1,768,332,358.03 | -21% |
| Corporate Leases | - | - | 10,037,081.42 | -100% | 0% | ||||
| Operating Leases | 55,000,000.00 | 55,000,000.00 | 55,000,000.00 | 732,600,720.92 | -92% | 157,231,250.00 | -65% | ||
| Business Support Loan/ACL-Corporate | 20,000,000.00 | 20,000,000.00 | 20,000,000.00 | 11,819,143.94 | 69% | 18,000,000.00 | 11% | ||
| Sub-Total | 75,000,000.00 | - | 75,000,000.00 | - | 75,000,000.00 | 754,456,946.27 | -90.06% | 175,231,250.00 | -57% |
| B2C - Products | 1,369,705,228.81 | 34,708,900.00 | 1,404,414,128.81 | 109,470,227.89 | 1,294,943,900.92 | 3,506,381,840.98 | -63% | 1,768,332,358.03 | -21% |
| B2B - Products | 75,000,000.00 | - | 75,000,000.00 | - | 75,000,000.00 | 754,456,946.27 | -90% | 175,231,250.00 | -57% |
| TOTAL FOR LAGOS | 1,444,705,228.81 | 34,708,900.00 | 1,479,414,128.81 | 109,470,227.89 | 1,369,943,900.92 | 4,260,838,787.25 | -67.85% | 1,943,563,608.03 | -24% |
| Cash Backed loan / Credit Card | 15,850,000.00 | 15,850,000.00 | 15,850,000.00 | 100,513,131.59 | -84% | 123,946,044.97 | -87% | ||
| Total Risk Assets & Cash-Backed Loan | 1,460,555,228.81 | 34,708,900.00 | 1,495,264,128.81 | 109,470,227.89 | 1,385,793,900.92 | 4,361,351,918.84 | -68.23% | 2,067,509,653.00 | -28% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | ABUJA BRANCH PERFORMANCE | ||||||||
| WEEK | 39 | Ending | 30-Sep-23 | ||||||
| BAL B/F | WEEK 39 | 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 | 352,502,010.86 | 2,750,060.00 | 355,252,070.86 | 13,479,390.33 | 341,772,680.53 | 1,907,680,063.40 | -82% | 698,675,300.97 | -49% |
| Consumer Leases | - | - | 40,309,848.26 | -100% | - | 0% | |||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Abuja | 352,502,010.86 | 2,750,060.00 | 355,252,070.86 | 13,479,390.33 | 341,772,680.53 | 1,947,989,911.66 | -82% | 698,675,300.97 | -49% |
| Corporate Lease | - | - | 5,576,156.34 | -100% | 0% | ||||
| Operating Leases | - | - | 407,000,400.51 | -100% | 0% | ||||
| Business Support Loan/ACL-Corporate | - | - | 6,566,191.08 | -100% | 0% | ||||
| Sub-Total B 2 B Leases | - | - | - | - | - | 419,142,747.93 | -100% | - | 0% |
| - | |||||||||
| B2C - Products | 352,502,010.86 | 2,750,060.00 | 355,252,070.86 | 13,479,390.33 | 341,772,680.53 | 1,947,989,911.66 | -82% | 698,675,300.97 | -49% |
| B2B - Products | - | - | - | - | - | 419,142,747.93 | -100% | - | 0% |
| TOTAL FOR ABUJA | 352,502,010.86 | 2,750,060.00 | 355,252,070.86 | 13,479,390.33 | 341,772,680.53 | 2,367,132,659.59 | -86% | 698,675,300.97 | -49% |
| Cash Backed loan / Credit Card | - | - | 55,840,628.66 | -100% | 0% | ||||
| Total Risk Assets & Cash-Backed Loan | 352,502,010.86 | 2,750,060.00 | 355,252,070.86 | 13,479,390.33 | 341,772,680.53 | 2,422,973,288.24 | -86% | 698,675,300.97 | -49% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | PORT-HARCOURT BRANCH PERFORMANCE | ||||||||
| WEEK | 39 | Ending | 30-Sep-23 | ||||||
| BAL B/F 2023 | WEEK 39 | 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 | 398,629,596.08 | 550,000.00 | 399,179,596.08 | 32,087,785.29 | 367,091,810.79 | 2,289,216,076.08 | -84% | 780,873,800.00 | -49% |
| Consumer Leases | - | - | 48,371,817.91 | -100% | 0% | ||||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | 7,150,000.00 | 7,150,000.00 | 7,150,000.00 | 0% | 0% | ||||
| Sub-Total Port Harcourt | 405,779,596.08 | 550,000.00 | 406,329,596.08 | 32,087,785.29 | 374,241,810.79 | 2,337,587,893.99 | -83.99% | 780,873,800.00 | -48% |
| Corporate Leases | - | - | 6,691,387.61 | -100% | 0% | ||||
| Operating Leases | 336,000,250.00 | 336,000,250.00 | 336,000,250.00 | 488,400,480.61 | -31% | 0% | |||
| Business Support Loan/ACL-Corporate | 15,400,000.00 | 15,400,000.00 | 15,400,000.00 | 7,879,429.29 | 95% | 0% | |||
| Sub-Total B 2 B Leases | 351,400,250.00 | 0 | 351,400,250.00 | 0 | 351,400,250.00 | 502,971,297.50 | -30.14% | 0 | 0% |
| - | 0% | ||||||||
| B2C - Products | 405,779,596.08 | 550,000.00 | 406,329,596.08 | 32,087,785.29 | 374,241,810.79 | 2,337,587,893.99 | -84% | 780,873,800.00 | -48% |
| B2B - Products | 351,400,250.00 | - | 351,400,250.00 | - | 351,400,250.00 | 502,971,297.50 | -30% | - | 0% |
| TOTAL FOR PORT HARCOURT | 757,179,846.08 | 550,000.00 | 757,729,846.08 | 32,087,785.29 | 725,642,060.79 | 2,840,559,191.49 | -74.45% | 780,873,800.00 | -3% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 550,000.00 | 550,000.00 | 550,000.00 | 67,008,754.39 | -99% | 0 | 0% | ||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 757,729,846.08 | 550,000.00 | 758,279,846.08 | 32,087,785.29 | 726,192,060.79 | 2,907,567,945.88 | -75.02% | 780,873,800.00 | -3% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | ANAMBRA BRANCH PERFORMANCE | ||||||||
| WEEK | WEEK 39 | 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 | 29,514,000.00 | 640,000.00 | 30,154,000.00 | 30,154,000.00 | 0% | 0% | |||
| Consumer Leases | - | - | 0% | 0% | |||||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Port Harcourt | 29,514,000.00 | 640,000.00 | 30,154,000.00 | 0 | 30,154,000.00 | 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 | 29,514,000.00 | 640,000.00 | 30,154,000.00 | - | 30,154,000.00 | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR ANAMBRA | 29,514,000.00 | 640,000.00 | 30,154,000.00 | 0 | 30,154,000.00 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0% | |||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 29,514,000.00 | 640,000.00 | 30,154,000.00 | 0 | 30,154,000.00 | 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 | 29,280,000.00 | 100,000.00 | 29,380,000.00 | 29,380,000.00 | 0% | 0% | |||
| Consumer Leases | - | 0% | 0% | ||||||
| Asset Cash Loan | - | 0% | 0% | ||||||
| SPBS | - | 0% | 0% | ||||||
| Sub-Total Port Harcourt | 29,280,000.00 | 100,000.00 | 29,380,000.00 | 0 | 29,380,000.00 | 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 | 29,280,000.00 | 100,000.00 | 29,380,000.00 | - | 29,380,000.00 | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR OYO | 29,280,000.00 | 100,000.00 | 29,380,000.00 | 0 | 29,380,000.00 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0 | 0% | ||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 29,280,000.00 | 100,000.00 | 29,380,000.00 | 0 | 29,380,000.00 | 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% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | KANO 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 | 2,040,000.00 | 1,815,000.00 | 3,855,000.00 | 3,855,000.00 | 0% | 0% | |||
| Consumer Leases | - | 0% | 0% | ||||||
| Asset Cash Loan | - | 0% | 0% | ||||||
| SPBS | - | 0% | 0% | ||||||
| Sub-Total Port Harcourt | 2,040,000.00 | 1,815,000.00 | 3,855,000.00 | 0 | 3,855,000.00 | 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 | 2,040,000.00 | 1,815,000.00 | 3,855,000.00 | - | 3,855,000.00 | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR ONDO | 2,040,000.00 | 1,815,000.00 | 3,855,000.00 | 0 | 3,855,000.00 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0 | 0% | ||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 2,040,000.00 | 1,815,000.00 | 3,855,000.00 | 0 | 3,855,000.00 | 0 | 0.00% | 0 | 0% |
TREASURY MANAGEMENT REPORT
| ROSABON FINANCIAL SERVICES | LIABILITY GENERATION REPORT | ||||||||
| WEEK | 39 | Ending | 30-Sep-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 | -1,202,696,301.33 | 22,190,000.00 | 33,998,973.41 | -11,808,973.41 | 648,528,866.21 | -1,214,505,274.74 | 516,319,851.60 | -1,863,034,140.95 | -335% |
| R-WIN | -4,763,320.83 | 1,515,000.00 | 901,000.00 | 614,000.00 | 14,253,381.68 | -4,149,320.83 | -2,681,927.02 | -18,402,702.51 | 55% |
| REAP PRODUCT | 6,667,358.17 | 1,705,000.00 | 170,000.00 | 1,535,000.00 | 49,886,835.86 | 8,202,358.17 | -3,811,288.89 | -41,684,477.69 | -315% |
| RBIP | - | ||||||||
| TOTAL | -1,200,792,263.99 | 25,410,000.00 | 35,069,973.41 | -9,659,973.41 | 712,669,083.75 | -1,210,452,237.40 | 509,826,635.69 | -1,923,121,321.15 | -337% |
| ABUJA | |||||||||
| TENOR FUND | -25,019,377.69 | - | 288,235,051.65 | -25,019,377.69 | 46,930,597.61 | -313,254,429.34 | -153% | ||
| R-WIN | - | - | 6,334,836.30 | - | -77,705.31 | -6,334,836.30 | -1 | ||
| REAP PRODUCT | -1,019,879.33 | - | 22,171,927.05 | -1,019,879.33 | -51,705.19 | -23,191,806.38 | 1872% | ||
| TOTAL | -26,039,257.02 | - | - | - | 316,741,815.00 | -26,039,257.02 | 46,801,187.11 | -342,781,072.02 | -156% |
| WARRI | |||||||||
| TENOR FUND | - | - | - | - | - | 0% | |||
| R-WIN | - | - | - | - | - | - | 0% | ||
| REAP PRODUCT | - | - | - | - | - | - | 0% | ||
| TOTAL | - | - | - | - | - | - | - | 0% | |
| TOTAL | -1,226,831,521.01 | 25,410,000.00 | 35,069,973.41 | -9,659,973.41 | 1,029,410,898.75 | -1,236,491,494.42 | 556,627,822.80 | - | -322% |
| PORT-HARCOURT | |||||||||
| WEEK 39 | |||||||||
| TENOR FUND | 436,842,987.75 | 4,500,000.00 | 52,301,369.86 | -47,801,369.86 | 504,411,340.39 | 389,041,617.89 | 126,782,545.67 | -115,369,722.50 | 207% |
| R-WIN | 775,000.00 | - | 11,085,964.01 | 775,000.00 | 49,814.68 | -10,310,964.01 | 1456% | ||
| REAP PRODUCT | 895,771.11 | 75,000.00 | 44,331.00 | 30,669.00 | 38,800,871.85 | 926,440.11 | 1,926,536.44 | -37,874,431.74 | -52% |
| 438,513,758.86 | 4,575,000.00 | 52,345,700.86 | -47,770,700.86 | 554,298,176.25 | 390,743,058.00 | 128,758,896.79 | -163,555,118.25 | 203% | |
| 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 | -790,872,691.27 | 26,690,000.00 | 86,300,343.27 | -59,610,343.27 | 1,441,175,258.25 | -850,483,034.54 | 690,032,994.88 | -2,291,658,292.79 | -223% |
| R-WIN | -3,988,320.83 | 1,515,000.00 | 901,000.00 | 614,000.00 | 31,674,181.99 | -3,374,320.83 | -2,709,817.65 | -35,048,502.82 | 25% |
| REAP PRODUCT | 6,543,249.95 | 1,780,000.00 | 214,331.00 | 1,565,669.00 | 110,859,634.76 | 8,108,918.95 | -1,936,457.64 | -102,750,715.81 | -519% |
| RBIP | - | - | - | 0% | |||||
| -788,317,762.15 | 29,985,000.00 | 87,415,674.27 | -57,430,674.27 | 1,583,709,075.00 | -845,748,436.42 | 685,386,719.59 | -2,429,457,511.42 | -223% |
MEETING ADJOURNMENT
Linda Ottah-Ijekeye seconded by Mercy Umaadjourned the meeting
Faith Ozegbe said the closing prayers