Week 06 02-05-2024
MANAGEMENT MEETING
Duration: 8:30am - 11:00am
Venue: Virtual Via Google Meet
Presided by: Faith Ozegbe
ATTENDEES
ABDULLAHI NAJIMUDEEN - Head, Internal Operations
ADETAYO OLUKOGA - Asset Creation
AJIBOLA ABDILFATAI - Portfolio Risk Officer
EMMANUEL ONAKOYA - Head, CRM
EZINNE UMORZURIKE - Head, Legal
GBENGA AJAYI - Ag Head, Wealth Management
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
OLUWASEGUN BOLAWOLE - Head, Strategic Partnership
OLUWATONI LAWAL - Head, Telesales
OLUWOLE EWEJOBI - Head, Information Technology
OMOWALE BELLO - Cooperate Lease
SAMUEL OTTAH - Product Development
SOPHIA DAGI - Deputy, National Channel Manager
PETER OJUKWU - Asset Remedial Management
TAWAKALITU OJESOLA - Internal Operations
Sophia Dagi said the opening prayer
MINUTE ADOPTION
Linda Ottah-Ijekeye seconded by Faith Ozegbe
ORDER OF PRESENTATION
Marketing Communication, Telesales, Asset Creation, Corporate Lease, Wealth Management, Credit Risk Management, Transformation, Legal, and Information Technology.
ACTIVITY REPORT (29th – 2nd February, 2023)
Marketing Communication Team Report
Tele-sales Team Report
The total amount consummated by the team for the week in review is 20M with core tele sales and tele sales-cold call team consummating 10.2M (8% of the week’s target) at 5 counts and 10.3M (109% of the week’s target) at 2 counts respectively.
Asset Creation report
For the period in review, Transactions disbursed are 22.7M. Others are at various transaction stages.
Strategic Partnership Team Report
For the period in review, the total sales achieved is 2.7M (24% 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 62.31% (11.9M) of the budget. Risk Asset Transaction Disbursed for the week Nil, Fresh Fund (RTN) for the Week 4M, Reap Fund for the week 290K, Rollover for the week 7.6M, Liquidation for the week Nil. The report also captured Pending RTN transactions.
Cooperate Lease Team Report
The report captures transactions in the pipeline (operating lease).
Wealth Management Team Report
For the week in review Executive summary shows the Liquidity Requirement status as ZERO. Week 5 experienced a net negative change in cash flow from 187M negative in week 4 to 291M positive. Wealth Management reported a negative 291M total NetFlow, with 411 million inflows and 120 million outflows.
Credit Risk Management Report
The report shows Core underwriters approved 40 transactions and pushed back 14 transaction. The senior underwriters approved 19 transactions and pushed back 8. In the recovery space, the recovery is broken down as PDO is 10.2M at 73 counts (34% of the target). Extended interest recovery as 638K at 21 counts (12% of the target), Provisioned Accounts recovery as 2.5M at 56 counts (37% 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 24 staffs were hired.
Information & Technology Team Report
Captures ongoing and completed projects.
RISK ASSET GENERATION REPORT
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | LAGOS BRANCH PERFORMANCE | ||||||||
| WEEK | 5 | Ending | 03-Feb-24 | ||||||
| BAL B/F | WEEK 5 | 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 / Group Loan | 54,861,000.00 | 23,942,000.00 | 78,803,000.00 | - | 78,803,000.00 | 441,089,152.90 | -82% | 183,379,254.95 | -57% |
| Consumer Leases | - | - | - | 1,889,076.91 | -100% | 72,675.00 | -100% | ||
| Asset Cash Loan | - | - | - | - | 0% | ||||
| SPBS | - | - | - | - | 0% | ||||
| Sub-Total | 54,861,000.00 | 23,942,000.00 | 78,803,000.00 | - | 78,803,000.00 | 442,978,229.81 | -82.21% | 183,451,929.95 | -57% |
| Corporate Leases | - | - | 3,362,851.21 | 0% | -100% | ||||
| Operating Leases | - | - | - | 95,674,592.01 | 0% | -100% | |||
| Business Support Loan/ACL-Corporate | - | - | - | 982,898.40 | 0% | -100% | |||
| Sub-Total | - | - | - | - | - | 100,020,341.62 | -100.00% | 100,020,341.62 | -100% |
| B2C - Products | 54,861,000.00 | 23,942,000.00 | 78,803,000.00 | - | 78,803,000.00 | 442,978,229.81 | -82% | 183,451,929.95 | -57% |
| B2B - Products | - | - | - | - | - | 100,020,341.62 | -100% | 100,020,341.62 | -100% |
| TOTAL FOR LAGOS | 54,861,000.00 | 23,942,000.00 | 78,803,000.00 | - | 78,803,000.00 | 542,998,571.43 | -85.49% | 283,472,271.57 | -72% |
| Cash Backed loan / Credit Card | - | 500,000.00 | 500,000.00 | 500,000.00 | 29,521,339.35 | -98% | 1,000,000.00 | -50% | |
| Total Risk Assets & Cash-Backed Loan | 54,861,000.00 | 24,442,000.00 | 79,303,000.00 | - | 79,303,000.00 | 572,519,910.78 | -86.15% | 284,472,271.57 | -72% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | ABUJA BRANCH PERFORMANCE | ||||||||
| WEEK | 5 | Ending | 03-Feb-24 | ||||||
| BAL B/F | WEEK 5 | 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 / Group Loan | 14,442,000.00 | 3,208,000.00 | 17,650,000.00 | - | 17,650,000.00 | 319,789,635.85 | -94% | 47,165,999.00 | -63% |
| Consumer Leases | - | - | 686,937.06 | -100% | - | 0% | |||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Abuja | 14,442,000.00 | 3,208,000.00 | 17,650,000.00 | - | 17,650,000.00 | 320,476,572.91 | -94% | 47,165,999.00 | -63% |
| Corporate Lease | - | - | 480,407.32 | -100% | 0% | ||||
| Operating Leases | - | - | 14,882,714.31 | -100% | 0% | ||||
| Business Support Loan/ACL-Corporate | - | - | 540,594.12 | -100% | 0% | ||||
| Sub-Total B 2 B Leases | - | - | - | - | - | 15,903,715.75 | -100% | - | 0% |
| - | |||||||||
| B2C - Products | 14,442,000.00 | 3,208,000.00 | 17,650,000.00 | - | 17,650,000.00 | 320,476,572.91 | -94% | 47,165,999.00 | -63% |
| B2B - Products | - | - | - | - | - | 15,903,715.75 | -100% | - | 0% |
| TOTAL FOR ABUJA | 14,442,000.00 | 3,208,000.00 | 17,650,000.00 | - | 17,650,000.00 | 336,380,288.66 | -95% | 47,165,999.00 | -63% |
| Cash Backed loan / Credit Card | - | - | 2,952,133.93 | -100% | 0% | ||||
| Total Risk Assets & Cash-Backed Loan | 14,442,000.00 | 3,208,000.00 | 17,650,000.00 | - | 17,650,000.00 | 339,332,422.60 | -95% | 47,165,999.00 | -63% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | PORT-HARCOURT BRANCH PERFORMANCE | ||||||||
| WEEK | 5 | Ending | 03-Feb-24 | ||||||
| BAL B/F | WEEK 5 | PERFORMANCE YEAR TO DATE 2023 | PRE-LIQUIDATED LOANS 2024 | 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 / Group Loan | 10,231,835.65 | 9,710,000.00 | 19,941,835.65 | - | 19,941,835.65 | 341,844,093.50 | -94% | 54,611,759.48 | -63% |
| Consumer Leases | - | - | 858,671.32 | -100% | 0% | ||||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Port Harcourt | 10,231,835.65 | 9,710,000.00 | 19,941,835.65 | 0 | 19,941,835.65 | 342,702,764.82 | -94.18% | 54,611,759.48 | -63% |
| Corporate Leases | - | - | 960,814.63 | -100% | 0% | ||||
| Operating Leases | - | - | 102,052,898.14 | -100% | 300,000,250.00 | -100% | |||
| Business Support Loan/ACL-Corporate | - | - | 933,753.48 | -100% | 0% | ||||
| Sub-Total B 2 B Leases | 0 | 0 | 0 | 0 | 0 | 103,947,466.26 | -100.00% | 300,000,250.00 | -100% |
| - | 0% | ||||||||
| B2C - Products | 10,231,835.65 | 9,710,000.00 | 19,941,835.65 | - | 19,941,835.65 | 342,702,764.82 | -94% | 54,611,759.48 | -63% |
| B2B - Products | - | - | - | - | - | 103,947,466.26 | -100% | 300,000,250.00 | -100% |
| TOTAL FOR PORT HARCOURT | 10,231,835.65 | 9,710,000.00 | 19,941,835.65 | 0 | 19,941,835.65 | 446,650,231.08 | -95.54% | 354,612,009.48 | -94% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | - | - | - | 9,699,868.64 | -100% | 0 | 0% | ||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 10,231,835.65 | 9,710,000.00 | 19,941,835.65 | 0 | 19,941,835.65 | 456,350,099.72 | -95.63% | 354,612,009.48 | -94% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | ANAMBRA BRANCH PERFORMANCE | ||||||||
| WEEK | WEEK 5 | 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 / Group Loan | 1,885,000.00 | 1,885,000.00 | 1,885,000.00 | 0% | 0% | ||||
| Consumer Leases | - | - | 0% | 0% | |||||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Port Harcourt | 1,885,000.00 | 0 | 1,885,000.00 | 0 | 1,885,000.00 | 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 | 1,885,000.00 | - | 1,885,000.00 | - | 1,885,000.00 | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR ANAMBRA | 1,885,000.00 | 0 | 1,885,000.00 | 0 | 1,885,000.00 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0% | |||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 1,885,000.00 | 0 | 1,885,000.00 | 0 | 1,885,000.00 | 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 / Group Loan | 180,000.00 | 400,000.00 | 580,000.00 | 580,000.00 | 0% | 0% | |||
| Consumer Leases | - | 0% | 0% | ||||||
| Asset Cash Loan | - | 0% | 0% | ||||||
| SPBS | - | 0% | 0% | ||||||
| Sub-Total Port Harcourt | 180,000.00 | 400,000.00 | 580,000.00 | 0 | 580,000.00 | 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 | 180,000.00 | 400,000.00 | 580,000.00 | - | 580,000.00 | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR OYO | 180,000.00 | 400,000.00 | 580,000.00 | 0 | 580,000.00 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0 | 0% | ||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 180,000.00 | 400,000.00 | 580,000.00 | 0 | 580,000.00 | 0 | 0.00% | 0 | 0% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | ONDO BRANCH PERFORMANCE | ||||||||
| WEEK | ACTUAL PERFOMANCE | Ending | PERFORMANCE YEAR TO DATE 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 / Group 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 / Group Loan | 2,010,000.00 | 175,000.00 | 2,185,000.00 | 2,185,000.00 | 0% | 0% | |||
| Consumer Leases | - | 0% | 0% | ||||||
| Asset Cash Loan | - | 0% | 0% | ||||||
| SPBS | - | 0% | 0% | ||||||
| Sub-Total Port Harcourt | 2,010,000.00 | 175,000.00 | 2,185,000.00 | 0 | 2,185,000.00 | 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 | 2,010,000.00 | 175,000.00 | 2,185,000.00 | - | 2,185,000.00 | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR ONDO | 2,010,000.00 | 175,000.00 | 2,185,000.00 | 0 | 2,185,000.00 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0 | 0% | ||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 2,010,000.00 | 175,000.00 | 2,185,000.00 | 0 | 2,185,000.00 | 0 | 0.00% | 0 | 0% |
TREASURY MANAGEMENT REPORT
| ROSABON FINANCIAL SERVICES | LIABILITY GENERATION REPORT | ||||||||
| WEEK | 5 | Ending | 03-Feb-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 | 265,482,075.11 | 40,100,000.00 | 71,091,042.77 | -30,991,042.77 | 224,986,787.48 | 234,491,032.34 | 101,627,621.55 | 9,504,244.86 | 131% |
| R-WIN | -1,553,492.46 | 180,000.00 | 1,300,000.00 | -1,120,000.00 | 4,786,952.93 | -2,673,492.46 | 3,171,064.85 | -7,460,445.39 | -184% |
| REAP PRODUCT | -740,519.80 | 2,540,000.00 | 261,874.53 | 2,278,125.47 | 9,573,905.85 | 1,537,605.67 | -6,106,766.30 | -8,036,300.18 | -125% |
| RBIP | - | ||||||||
| TOTAL | 263,188,062.85 | 42,820,000.00 | 72,652,917.30 | -29,832,917.30 | 239,347,646.25 | 233,355,145.55 | 98,691,920.10 | -5,992,500.70 | 136% |
| ABUJA | |||||||||
| TENOR FUND | 1,361,386.82 | 10,000,000.00 | 10,000,000.00 | 125,158,212.90 | 11,361,386.82 | 2,934,089.38 | -113,796,826.08 | 287% | |
| R-WIN | - | - | 2,662,940.70 | - | - | -2,662,940.70 | - | ||
| REAP PRODUCT | 220,000.00 | - | 5,325,881.40 | 220,000.00 | -1,251,123.06 | -5,105,881.40 | -118% | ||
| TOTAL | 1,581,386.82 | 10,000,000.00 | - | 10,000,000.00 | 133,147,035.00 | 11,581,386.82 | 1,682,966.32 | -121,565,648.18 | 588% |
| WARRI | |||||||||
| TENOR FUND | - | - | - | - | - | 0% | |||
| R-WIN | - | - | - | - | - | - | 0% | ||
| REAP PRODUCT | - | - | - | - | - | - | 0% | ||
| TOTAL | - | - | - | - | - | - | - | 0% | |
| TOTAL | 264,769,449.67 | 52,820,000.00 | 72,652,917.30 | -19,832,917.30 | 372,494,681.25 | 244,936,532.37 | 100,374,886.42 | - | 144% |
| PORT-HARCOURT | |||||||||
| WEEK 5 | |||||||||
| TENOR FUND | -170,297,358.48 | 363,900,000.00 | 526,907.88 | 363,373,092.12 | 146,514,574.63 | 193,075,733.64 | 164,751,649.24 | 46,561,159.02 | 17% |
| R-WIN | -450,000.00 | - | 3,117,331.38 | -450,000.00 | 280,000.00 | -3,567,331.38 | -261% | ||
| REAP PRODUCT | -100,552.88 | 150,000.00 | 1,393,366.43 | -1,243,366.43 | 6,234,662.75 | -1,343,919.31 | 1,548,795.24 | -7,578,582.06 | -187% |
| -170,847,911.36 | 364,050,000.00 | 1,920,274.31 | 362,129,725.69 | 155,866,568.75 | 191,281,814.33 | 166,580,444.48 | 35,415,245.58 | 15% | |
| 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 | 96,546,103.45 | 414,000,000.00 | 71,617,950.65 | 342,382,049.35 | 496,659,575.00 | 438,928,152.80 | 269,313,360.17 | -57,731,422.20 | 63% |
| R-WIN | -2,003,492.46 | 180,000.00 | 1,300,000.00 | -1,120,000.00 | 10,567,225.00 | -3,123,492.46 | 3,451,064.85 | -13,690,717.46 | -191% |
| REAP PRODUCT | -621,072.68 | 2,690,000.00 | 1,655,240.96 | 1,034,759.04 | 21,134,450.00 | 413,686.36 | -5,809,094.12 | -20,720,763.64 | -107% |
| RBIP | - | - | - | 0% | |||||
| 93,921,538.31 | 416,870,000.00 | 74,573,191.61 | 342,296,808.39 | 528,361,250.00 | 436,218,346.70 | 266,955,330.90 | -92,142,903.30 | 63% |
MEETING ADJOURNMENT
Linda Ottah- Ijekeye seconded by Faith Ozegbe adjourned the meeting
Emmanuel Onakoya said the closing prayers