Week 03 01-15-2024
MANAGEMENT MEETING
Duration: 8:30am - 10:40am
Venue: Virtual Via Google Meet
Presided by: Faith Ozegbe
ATTENDEES
ABDULLAHI NAJIMUDEEN - Head, Internal operations
ADETAYO OLUKOGA - Asset Creation
AJIBOLA ABDILFATAI - Portfolio Risk Officer
ANTHONIA OGBU - Lead, Underwriting
EMMANUEL ONAKOYA - Head, CRM
EDNA EJIMAKOR - Branch Head, Abuja
EZINNE UMORZURIKE - Head, Legal
GODFREY EGBUOKPORO - Ag. Head, Communications
FAITH OZEGBE - Acting Secretary
ISMAIL BALOGUN - Accounts
ITIEKHAO IKPEMINOGENA - General Manager
LINDA OTTAH-IJEKEYE - Brokers Admin
OLUSEGUN AKEJU - Portfolio Risk Analyst
OLUWADAMILARE OLAYINKA - Head, Transformation
OLUWAFISAYO OMOPARIOLA - Sales Operations & Strategy
OLUWASEGUN BOLAWOLE - Head, Strategic Partnership
OLUWOLE EWEJOBI - Head, Information Technology
OMOWALE BELLO - Cooperate Lease
OWOICHO AGADA - Ag. Head, Human Resources
SOPHIA DAGI - Ag Head, Client Experience Management
STANLEY MAFUVWE - Lead, Asset Remedial Management
USIWOMA IGBI - Wealth Management
Adetayo Olukoga said the opening prayer
ORDER OF PRESENTATION
Client Experience Management, Sales Operations, Telesales, Asset Creation, Corporate Lease, Wealth Management, Credit Risk Management , Product Development, Business Operations,Legal
ACTIVITY REPORT (8th - 12th January, 2024)
Client Experience Team Report
The report shows the activity for the period in review
Sales Operations and Strategy Team Report
RISK ASSET
Overall Sales – 9.24M
Group Loan Lagos state Performing the highest
Team Performance: Telesales: 14.04%, Sales: 85.96%
Product Type Performance: Personal Loan - 9.26M (100%)
Unit Location Performance: Lagos- 18.4M, port Harcourt - 1.1M, Abuja - 0.2M, Anambra– 0.2M
Tele-sales Team Report
The total amount consummated by the team for the week in review is 1.5M with core tele sales and tele sales-cold call team consummating 500K (8% of the week’s target) at 1 count and 1M (10% of the week’s target) at 4 counts respectively.
Asset Creation report
For the period in review, Transactions disbursed are 9.2M. Others are at various transaction stages.
Brokers Admin Team Report
The week in review shows liability generation is 43% (8.2M) of the budget. Risk Asset Transaction Disbursed for the week Nil, Fresh Fund (RTN) for the Week 8.1, Reap Fund for the week 180K, Rollover for the week Nil, Liquidation for the week Nil. The report also captured Pending RTN transactions.
Strategic Partnership Team Report
The report shows the activity for the period in review
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 0 (77%). Week 1 experienced a net positive change in cash flow from 22M negative in week 52 to 117M positive. Wealth Managers reported a positive 117M total NetFlow, with 147 million inflows and 30 million outflows.
Credit Risk Management Report
The report shows Core underwriters approved 44 transactions and pushed back 12 transaction. The senior underwriters approved 22 transactions and pushed back 18. In the recovery space, the recovery, total recovery is broken down as PDO is 10M at 37 counts (33% of the target). Extended interest recovery as 690K at 17 counts (13% of the target), Provisioned Accounts recovery as 2.3M at 25 counts (34% of the target).
Product 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 | 2 | Ending | 13-Jan-24 | ||||||
| BAL B/F | WEEK 2 | ACTUAL PERFORMANCE | ACTUAL | NET PERFORMANCE | CUMULATIVE 2024 BUDGET | BUDGET VARIANCE YEAR TO DATE |
PERFORMANCE YEAR TO DATE |
% CHANGE BETWEEN 2024 & 2023 | |
| ACTUAL PERFOMANCE | YEAR TO DATE | PRE-LIQUIDATED LOANS | YEAR TO DATE | ||||||
| 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | 2023 | 2024 Vs 2023 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan | 18,440,000.00 | 5,375,000.00 | 23,815,000.00 | - | 23,815,000.00 | 176,435,661.16 | -87% | 56,577,000.00 | -58% |
| Consumer Leases | - | - | 755,630.77 | -100% | 0% | ||||
| Asset Cash Loan | - | - | 72,675.00 | -100% | |||||
| SPBS | - | - | - | 0% | |||||
| Sub-Total | 18,440,000.00 | 5,375,000.00 | 23,815,000.00 | - | 23,815,000.00 | 177,191,291.93 | -86.56% | 56,649,675.00 | -58% |
| Corporate Leases | - | - | 1,345,140.48 | 0% | -100% | ||||
| Operating Leases | - | - | - | 38,269,836.80 | 0% | -100% | |||
| Business Support Loan/ACL-Corporate | - | - | - | 393,159.36 | 0% | -100% | |||
| Sub-Total | - | - | - | - | - | 40,008,136.65 | -100.00% | 40,008,136.65 | -100% |
| B2C - Products | 18,440,000.00 | 5,375,000.00 | 23,815,000.00 | - | 23,815,000.00 | 177,191,291.93 | -87% | 56,649,675.00 | -58% |
| B2B - Products | - | - | - | - | - | 40,008,136.65 | -100% | 40,008,136.65 | -100% |
| TOTAL FOR LAGOS | 18,440,000.00 | 5,375,000.00 | 23,815,000.00 | - | 23,815,000.00 | 217,199,428.57 | -89.04% | 96,657,811.65 | -75% |
| Cash Backed loan / Credit Card | - | - | 11,808,535.74 | -100% | - | 0% | |||
| Total Risk Assets & Cash-Backed Loan | 18,440,000.00 | 5,375,000.00 | 23,815,000.00 | - | 23,815,000.00 | 229,007,964.31 | -89.60% | 96,657,811.65 | -75% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | ABUJA BRANCH PERFORMANCE | ||||||||
| WEEK | 2 | Ending | 13-Jan-24 | ||||||
| BAL B/F | WEEK 2 | ACTUAL PERFORMANCE | ACTUAL | NET PERFORMANCE | CUMULATIVE 2024 BUDGET | BUDGET VARIANCE YEAR TO DATE |
PERFORMANCE YEAR TO DATE |
% CHANGE BETWEEN 2024 & 2023 | |
| ACTUAL PERFOMANCE | YEAR TO DATE | PRE-LIQUIDATED LOANS | YEAR TO DATE | ||||||
| 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | 2023 | 2024 Vs 2023 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan | 248,000.00 | 1,419,000.00 | 1,667,000.00 | - | 1,667,000.00 | 127,915,854.34 | -99% | 13,977,000.00 | -88% |
| Consumer Leases | - | - | 274,774.82 | -100% | - | 0% | |||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Abuja | 248,000.00 | 1,419,000.00 | 1,667,000.00 | - | 1,667,000.00 | 128,190,629.17 | -99% | 13,977,000.00 | -88% |
| Corporate Lease | - | - | 192,162.93 | -100% | 0% | ||||
| Operating Leases | - | - | 5,953,085.73 | -100% | 0% | ||||
| Business Support Loan/ACL-Corporate | - | - | 216,237.65 | -100% | 0% | ||||
| Sub-Total B 2 B Leases | - | - | - | - | - | 6,361,486.30 | -100% | - | 0% |
| - | |||||||||
| B2C - Products | 248,000.00 | 1,419,000.00 | 1,667,000.00 | - | 1,667,000.00 | 128,190,629.17 | -99% | 13,977,000.00 | -88% |
| B2B - Products | - | - | - | - | - | 6,361,486.30 | -100% | - | 0% |
| TOTAL FOR ABUJA | 248,000.00 | 1,419,000.00 | 1,667,000.00 | - | 1,667,000.00 | 134,552,115.47 | -99% | 13,977,000.00 | -88% |
| Cash Backed loan / Credit Card | - | - | 1,180,853.57 | -100% | 0% | ||||
| Total Risk Assets & Cash-Backed Loan | 248,000.00 | 1,419,000.00 | 1,667,000.00 | - | 1,667,000.00 | 135,732,969.04 | -99% | 13,977,000.00 | -88% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | PORT-HARCOURT BRANCH PERFORMANCE | ||||||||
| WEEK | 2 | Ending | 13-Jan-24 | ||||||
| BAL B/F | WEEK 2 | PERFORMANCE YEAR TO DATE 2023 | PRE-LIQUIDATED LOANS 2022 | NET PERFORMANCE 2023 | CUMULATIVE 2024 BUDGET | BUDGET VARIANCE YEAR TO DATE 2024 |
PERFORMANCE YEAR TO DATE 2023 |
% CHANGE BETWEEN 2024 & 2023 | |
| ACTUAL PERFOMANCE | YEAR TO DATE | PRE-LIQUIDATED LOANS | YEAR TO DATE | ||||||
| 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | 2023 | 2024 Vs 2023 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan | 1,121,835.65 | 400,000.00 | 1,521,835.65 | - | 1,521,835.65 | 136,737,637.40 | -99% | 19,900,000.00 | -92% |
| Consumer Leases | - | - | 343,468.53 | -100% | 0% | ||||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Port Harcourt | 1,121,835.65 | 400,000.00 | 1,521,835.65 | 0 | 1,521,835.65 | 137,081,105.93 | -98.89% | 19,900,000.00 | -92% |
| Corporate Leases | - | - | 384,325.85 | -100% | 0% | ||||
| Operating Leases | - | - | 40,821,159.26 | -100% | 0% | ||||
| Business Support Loan/ACL-Corporate | - | - | 373,501.39 | -100% | 0% | ||||
| Sub-Total B 2 B Leases | 0 | 0 | 0 | 0 | 0 | 41,578,986.50 | -100.00% | 0 | 0% |
| - | 0% | ||||||||
| B2C - Products | 1,121,835.65 | 400,000.00 | 1,521,835.65 | - | 1,521,835.65 | 137,081,105.93 | -99% | 19,900,000.00 | -92% |
| B2B - Products | - | - | - | - | - | 41,578,986.50 | -100% | - | 0% |
| TOTAL FOR PORT HARCOURT | 1,121,835.65 | 400,000.00 | 1,521,835.65 | 0 | 1,521,835.65 | 178,660,092.43 | -99.15% | 19,900,000.00 | -92% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | - | - | - | 3,879,947.46 | -100% | 0 | 0% | ||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 1,121,835.65 | 400,000.00 | 1,521,835.65 | 0 | 1,521,835.65 | 182,540,039.89 | -99.17% | 19,900,000.00 | -92% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | ANAMBRA BRANCH PERFORMANCE | ||||||||
| WEEK | WEEK 2 | Ending | PERFORMANCE YEAR TO DATE 2023 |
||||||
| BAL B/F | ACTUAL PERFOMANCE | PERFORMANCE YEAR TO DATE 2023 | PRE-LIQUIDATED LOANS 2022 | NET PERFORMANCE 2023 | CUMULATIVE 2022 BUDGET | BUDGET VARIANCE YEAR TO DATE 2024 |
PERFORMANCE YEAR TO DATE 2023 |
% CHANGE BETWEEN 2024 Vs 2023 | |
| ACTUAL PERFOMANCE | YEAR TO DATE | PRE-LIQUIDATED LOANS | YEAR TO DATE | ||||||
| 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | 2023 | 2024 Vs 2023 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan | 150,000.00 | 1,600,000.00 | 1,750,000.00 | 1,750,000.00 | 0% | 0% | |||
| Consumer Leases | - | - | 0% | 0% | |||||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Port Harcourt | 150,000.00 | 1,600,000.00 | 1,750,000.00 | 0 | 1,750,000.00 | 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 | 150,000.00 | 1,600,000.00 | 1,750,000.00 | - | 1,750,000.00 | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR ANAMBRA | 150,000.00 | 1,600,000.00 | 1,750,000.00 | 0 | 1,750,000.00 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0% | |||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 150,000.00 | 1,600,000.00 | 1,750,000.00 | 0 | 1,750,000.00 | 0 | 0.00% | 0 | 0% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | OYO BRANCH PERFORMANCE | ||||||||
| WEEK | ACTUAL PERFOMANCE | Ending | PERFORMANCE YEAR TO DATE 2023 |
||||||
| BAL B/F | ACTUAL PERFOMANCE | PERFORMANCE YEAR TO DATE 2023 | PRE-LIQUIDATED LOANS 2022 | NET PERFORMANCE 2023 | CUMULATIVE 2022 BUDGET | BUDGET VARIANCE YEAR TO DATE 2024 |
PERFORMANCE YEAR TO DATE 2023 |
% CHANGE BETWEEN 2024 Vs 2023 | |
| ACTUAL PERFOMANCE | YEAR TO DATE | PRE-LIQUIDATED LOANS | YEAR TO DATE | ||||||
| 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | 2023 | 2024 Vs 2023 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan | - | - | 0% | 0% | |||||
| Consumer Leases | - | 0% | 0% | ||||||
| Asset Cash Loan | - | 0% | 0% | ||||||
| SPBS | - | 0% | 0% | ||||||
| Sub-Total Port Harcourt | 0 | 0 | 0 | 0 | 0 | 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 | - | - | - | - | - | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR OYO | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0 | 0% | ||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% | 0 | 0% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | ONDO BRANCH PERFORMANCE | ||||||||
| WEEK | ACTUAL PERFOMANCE | Ending | PERFORMANCE YEAR TO DATE 2023 |
||||||
| BAL B/F | ACTUAL PERFOMANCE | PERFORMANCE YEAR TO DATE 2023 | PRE-LIQUIDATED LOANS 2024 | NET PERFORMANCE 2023 | CUMULATIVE 2022 BUDGET | BUDGET VARIANCE YEAR TO DATE 2024 |
PERFORMANCE YEAR TO DATE 2023 |
% CHANGE BETWEEN 2024 Vs 2023 | |
| 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | 2023 | 2024 Vs 2023 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan | - | - | 0% | 0% | |||||
| Consumer Leases | - | 0% | 0% | ||||||
| Asset Cash Loan | - | 0% | 0% | ||||||
| SPBS | - | 0% | 0% | ||||||
| Sub-Total Port Harcourt | 0 | 0 | 0 | 0 | 0 | 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 | - | - | - | - | - | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR ONDO | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0 | 0% | ||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% | 0 | 0% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | KANO BRANCH PERFORMANCE | ||||||||
| WEEK | ACTUAL PERFOMANCE | Ending | PERFORMANCE YEAR TO DATE 2023 |
||||||
| BAL B/F | PERFORMANCE YEAR TO DATE 2023 | PRE-LIQUIDATED LOANS 2024 | NET PERFORMANCE 2023 | CUMULATIVE 2022 BUDGET | BUDGET VARIANCE YEAR TO DATE 2024 |
PERFORMANCE YEAR TO DATE 2023 |
% CHANGE BETWEEN 2024 Vs 2023 | ||
| 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | 2023 | 2024 Vs 2023 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan | - | 450,000.00 | 450,000.00 | 450,000.00 | 0% | 0% | |||
| Consumer Leases | - | 0% | 0% | ||||||
| Asset Cash Loan | - | 0% | 0% | ||||||
| SPBS | - | 0% | 0% | ||||||
| Sub-Total Port Harcourt | 0 | 450,000.00 | 450,000.00 | 0 | 450,000.00 | 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 | - | 450,000.00 | 450,000.00 | - | 450,000.00 | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR ONDO | 0 | 450,000.00 | 450,000.00 | 0 | 450,000.00 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0 | 0% | ||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 0 | 450,000.00 | 450,000.00 | 0 | 450,000.00 | 0 | 0.00% | 0 | 0% |
TREASURY MANAGEMENT REPORT
| ROSABON FINANCIAL SERVICES | LIABILITY GENERATION REPORT | ||||||||
| WEEK | 2 | Ending | 13-Jan-24 | ||||||
| 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 2024 & 2023 (ACTUAL) |
| 2024 | 2024 | 2024 | 2024 | 2024 | 2023 | 2024 | |||
| TENOR FUND | 141,565,865.00 | 170,688,000.00 | 16,813,048.06 | 153,874,951.94 | 33,257,890.58 | 295,440,816.94 | 84,113,937.82 | 262,182,926.36 | 251% |
| R-WIN | 309,419.52 | 1,530,000.00 | 1,740,187.51 | -210,187.51 | 730,942.65 | 99,232.01 | 2,021,341.69 | -631,710.64 | -95% |
| REAP PRODUCT | -601,210.79 | 1,780,000.00 | 217,799.16 | 1,562,200.84 | 2,558,299.28 | 960,990.05 | -2,769,779.39 | -1,597,309.23 | -135% |
| RBIP | - | ||||||||
| TOTAL | 141,274,073.73 | 173,998,000.00 | 18,771,034.73 | 155,226,965.27 | 36,547,132.51 | 296,501,039.00 | 83,365,500.12 | 259,953,906.49 | 256% |
| ABUJA | |||||||||
| TENOR FUND | -1,238,613.18 | 1,000,000.00 | 1,000,000.00 | 14,781,284.70 | -238,613.18 | -988,205.31 | -15,019,897.88 | -76% | |
| R-WIN | - | - | 324,863.40 | - | - | -324,863.40 | - | ||
| REAP PRODUCT | - | 120,000.00 | 120,000.00 | 1,137,021.90 | 120,000.00 | 130,000.00 | -1,017,021.90 | -8% | |
| TOTAL | -1,238,613.18 | 1,120,000.00 | - | 1,120,000.00 | 16,243,170.00 | -118,613.18 | -858,205.31 | -16,361,783.18 | -86% |
| WARRI | |||||||||
| TENOR FUND | - | - | - | - | - | 0% | |||
| R-WIN | - | - | - | - | - | - | 0% | ||
| REAP PRODUCT | - | - | - | - | - | - | 0% | ||
| TOTAL | - | - | - | - | - | - | - | 0% | |
| TOTAL | 140,035,460.55 | 175,118,000.00 | 18,771,034.73 | 156,346,965.27 | 52,790,302.51 | 296,382,425.82 | 82,507,294.81 | - | 259% |
| PORT-HARCOURT | |||||||||
| WEEK 2 | |||||||||
| TENOR FUND | 57,942,263.23 | 12,000,000.00 | 24,498,111.69 | -12,498,111.69 | 25,867,248.23 | 45,444,151.54 | 20,264,774.47 | 19,576,903.31 | 124% |
| R-WIN | - | 250,000.00 | 250,000.00 | 568,510.98 | 250,000.00 | 280,000.00 | -318,510.98 | -11% | |
| REAP PRODUCT | -425,275.64 | 85,000.00 | 85,000.00 | 1,989,788.30 | -340,275.64 | -188,568.42 | -2,330,063.94 | 80% | |
| 57,516,987.59 | 12,335,000.00 | 24,498,111.69 | -12,163,111.69 | 28,425,547.51 | 45,353,875.90 | 20,356,206.05 | 16,928,328.39 | 123% | |
| 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 | 198,269,515.05 | 183,688,000.00 | 41,311,159.75 | 142,376,840.25 | 73,906,423.51 | 340,646,355.30 | 103,390,506.98 | 266,739,931.79 | 229% |
| R-WIN | 309,419.52 | 1,780,000.00 | 1,740,187.51 | 39,812.49 | 1,624,317.03 | 349,232.01 | 2,301,341.69 | -1,275,085.02 | -85% |
| REAP PRODUCT | -1,026,486.43 | 1,985,000.00 | 217,799.16 | 1,767,200.84 | 5,685,109.48 | 740,714.41 | -2,828,347.81 | -4,944,395.07 | -126% |
| RBIP | - | - | - | 0% | |||||
| 197,552,448.14 | 187,453,000.00 | 43,269,146.42 | 144,183,853.58 | 81,215,850.02 | 341,736,301.72 | 102,863,500.86 | 260,520,451.70 | 232% |
MEETING ADJOURNMENT
Sophia Dagi seconded by Faith Ozegbe adjourned the meeting
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