Week 3 01-15-2024

MANAGEMENT MEETING
Duration: 8:30am - 10:30am
Venue: Virtual Via Google Meet
Presided by: Faith Ozegbe

ATTENDEES

ABDULLAHI NAJIMUDEEN        - Head, Internal operations
ADETAYO OLUKOGA                 -  Asset Creation
AJIBOLA ABDILFATAI                 - Portfolio Risk Officer
AMOTO SERIKI                          - Internal Operations 
ANTHONIA OGBU                    - Lead, Underwriting
BLESSING YAHAYA                    -  Ag Head, Wealth Management
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
KELVIN MGBEMELE                     - Ag. Head, Software
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
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
Communications, Sales Operations, Telesales, Asset Creation, Corporate Lease, Wealth Management, Credit Risk Management , Legal, Software, and Internal Operations.

ACTIVITY REPORT (2nd - 5th January, 2024)

Communications Team Report
The volume of inquiries generated in the month under review decreased by 31%. Our engagement on digital media increased by 26.7%. Our total audience reach increased by 37.7% while online community increased by 1.5%. 

Sales Operations and Strategy Team Report
RISK ASSET
Overall Sales – 19.96M
Internal Loyalty Plus Performing the highest
Team Performance: Telesales: 0%, Sales: 100%
Product Type Performance: Personal Loan - 19.96M (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 0M (0% of the week’s target) at 0 counts with core tele sales and tele sales-cold call team consummating 0K (0% of the week’s target) at 0 counts and 0M (0% of the week’s target) at 0 counts respectively.

 Asset Creation report
For the period in review, Transactions disbursed are 19.9M. Others are at various transaction stages.

Brokers Admin Team Report
The week in review shows liability generation is 84.76% (16.3M) of the budget. Risk Asset Transaction Disbursed for the week Nil, Fresh Fund (RTN) for the Week 16.3, Reap Fund for the week Nil, Rollover for the week Nil, Liquidation for the week 122K. 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 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 10 transactions and pushed back 4 transaction. The senior underwriters approved 10 transactions and pushed back 7. In the recovery space, the recovery, total recovery is 6.2 (10%) broken down as PDO is 5.6M at 35 counts (19% of the target). Extended interest recovery as 216K at 6 counts (5% of the target), Provisioned Accounts recovery as 313K at 8 counts (8% of the target).

Legal Team Report
The report captures the litigation and other tasks for the week in review

Internal Operations Team Report
Captures ongoing and completed projects.

RISK ASSET GENERATION REPORT

TREASURY MANAGEMENT REPORT

MEETING ADJOURNMENT
Sophia Dagi seconded by Faith Ozegbe adjourned the meeting