Week 04 01-22-2024

MANAGEMENT MEETING
Duration: 8:30am - 09:29 am
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
EMMANUEL ONAKOYA             - Head, CRM 
EZINNE UMOZURIKE                 - Head, Legal
FAITH OZEGBE                           - Acting Secretary
GBENGA AJAYI                           - Ag. Head Wealth Management
GODFREY EGBUOKPORO          - Head, Communications
ISMAIL BALOGUN                      - Account
LINDA OTTAH-IJEKEYE               - Lead, Brokers Admin
OLUSEGUN AKEJU                      - Portfolio Risk Manager
OLUWADAMILARE OLAYINKA    - Lead, Transformation
OLUWAFISAYO OMOPARIOLA    - Sales Operations & Strategy
OLUWASEGUN BOLAWOLE        -  Head, Strategic Partnership
OLUWATONI LAWAL                   - Lead, telesales
OLUWOLE EWEJOBI                    - Head, Information Technology
OMOWALE BELLO                       - Coperate Lease
OWOICHO AGADA                     - Ag. Head, Human Resources 
SOPHIA DAGI                              - Deputy National Channel Manager
STANLEY MAFUVWE                   - Head, Asset Remedial Management
USIWOMA IGBI                           - Wealth Management

OPENING PRAYER
Sophia Dagi said the opening prayer 

ADOPTION OF MINUTES
Linda Ottah -Ijekeye 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 (15th - 19th January, 2024)

RISK ASSET
Overall Sales – 23.15M
Internal Loyalty 3 plus state Performing the highest
Team Performance: Telesales: 30.93%, Sales: 69.07%
Product Type Performance: Personal Loan - 14.2M (61.34%), Group Loan 8.95M (38.66%)
Unit Location Performance: Lagos- 12.1M, port Harcourt - 6.2M,  Abuja - 5.0M, Kano – 0.7M

Tele-sales Team Report
The total amount consummated by the team for the week in review is 1M at 2 count with core tele sales and tele sales-cold call team consummating 0M 0% of the week’s target) at 0 counts and 1M (10% of the week’s target) at 2 count respectively.

Asset Creation Team Report
For the period in review, Transactions disbursed are 15.

Strategic Partnership Team Report
For the period in review, the total sales achieved is 8M (70% Of 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 806.15% (155M) of the budget. Risk Asset Transaction Disbursed for the week - 1.5M, Fresh Fund (RTN) for the Week 14M, Reap Fund for the week 30K, Rollover for the week 141M Liquidation for the week Nil. The report also captured Pending RTN transactions.

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

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

Credit Risk Management Report
The report shows  Core underwriters approved 43 transactions and pushed back 21 transactions. The senior underwriters approved 30 transactions and pushed back 20 transactions. In the recovery space, total recovery is 11.2M 29% of the weeks' target broken down as PDO recovery:  8M at 18 counts (24% of the target). Extended interest recovery as 1.6M at 16 counts (30% of the target), Provisioned Accounts recovery as 1.6M at 18 counts (23% 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