Week 48 11-27-2023

MANAGEMENT MEETING
Duration: 8:30am - 09:55am
Venue: Virtual Via Google Meet
Presided by: Faith Ozegbe

ATTENDEES

ABDULLAHI NAJIMUDEEN       -  Head, Internal Operations
ADETAYO OLUKOGA                 - Ag. Head Asset Creation & Head, Public Sector
AJIBOLA ABDULFATAI               - Portfolio Risk Officer
ANTHONIA OGBU                    - Head, Underwriting
BLESSING YAHAYA                   - Head, Wealth Management
CHINEDU UGWU                     - Legal
EDNA EJIMAKOR                     - Branch Head, Abuja
EKOMOBONG AMAOWOH      - Lead, Product Development
EMMANUEL ONAKOYA             - Head, CRM 
FAITH OZEGBE                           - Acting Secretary
GODFREY EGBUOKPORO          - Head, Communications
ISMAIL BALOGUN                      - Account
ITIEKHAO IKEPEMINOGENA       - General Manger
KHADIJAH RAJI                          - Relationship Manager, Corporate Lease
LINDA OTTAH-IJEKEYE               - Lead, Brokers Admin
OLUSEGUN AKEJU                     - Portfolio Risk Analyst
OLUWADAMILARE OLAYINKA    - Lead, Transformation
OLUWAFISAYO OMOPARIOLA    - Sales Operations & Strategy
OLUWASEGUN BOLAWOLE        -  Head, Strategic Partnership
OLUWOLE EWEJOBI                    - Head, Information Technology
OMOWALE BELLO                       - Coperate Lease
SOPHIA DAGI                              - Head, Telesales & Client Experience Management
STANLEY MAFUVWE                   - Head, Asset Remedial Management

OPENING PRAYER
Ismail Balogun said the opening prayer 

ADOPTION OF MINUTES
Adetayo Olukoga seconded by Faith Ozegbe adopted the minutes of the last meeting.

ORDER OF PRESENTATION
Telesales, Asset Creation, Strategic Partnership, Brokers Admin, Co-operate Lease, Treasury, Credit Risk Management, Legal

ACTIVITY REPORT (6th - 10th December, 2023)

Tele-sales Team Report
The total amount consummated by the team for the week in review is 0 (0% of the week’s target) at 0 count with core tele sales and tele sales-cold call team consummating 0M 0% of the week’s target) at 0 counts and 0K (0% of the week’s target) at 0 count respectively.

Asset Creation Team Report
For the period in review, Transactions disbursed are 0.

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

Cooperate Lease Team Report
captures transactions in the pipeline (operating lease).

Brokers Admin Team Report
The week in review shows liability generation is 54.44% (10.47M) of the budget. Risk Asset Transaction Disbursed for the week - NIL, Fresh Fund (RTN) for the Week 9.5M, Reap Fund for the week 670K, Rollover for the week Nil, Liquidation for the week Nil. The report also captured Pending RTN transactions.

Wealth Management Team Report
The report shows the activity in the week.

Credit Risk Management Report
The report shows  Core underwriters approved 25 transactions and pushed back 9 transactions. The senior underwriters approved 16 transactions and pushed back 2 transactions. In the recovery space, total recovery is 15.7M 41% of the week's target broken down as PDO recovery:  11M at 110 counts (21% of the target). Extended interest recovery as 1.63M at 26 counts (40% of the target), Provisioned Accounts recovery as 3M at 55 counts (76% of the target).

Legal Team Report
The report shows the activity done for the week.

RISK ASSET GENERATION REPORT

TREASURY MANAGEMENT REPORT

MEETING ADJOURNMENT
Godfrey Egbuokporo seconded by Faith Ozegbe adjourned the meeting

Faith Ozegbe said the closing prayer