Week 10 03-04-2024

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

ATTENDEES

ADETAYO OLUKOGA                 -  Asset Creation
AJIBOLA ABDILFATAI                 - Portfolio Risk Officer
ANTHONIA OGBU                    - Lead, Underwriting
EMMANUEL ONAKOYA             - Head, CRM
EZINNE UMORZURIKE               - Head, Legal
GBENGA AJAYI                           - Ag Head, Wealth Management
GODFREY EGBUOKPORO          - Ag. Head, Communications
FAITH OZEGBE                           -  Acting Secretary
IHUOMA ANOSIKE                    - Cooperate Lease
ITIEKHAO IKPEMINOGENA        -  General Manager
LINDA OTTAH-IJEKEYE                -  Brokers Admin
OLUSEGUN AKEJU                       -  Portfolio Risk Analyst
OLUWADAMILARE OLAYINKA     - Head, Transformation
OLUWAFEMI SIYANBOLA             - Sales
OLUWOLE EWEJOBI                     -  Head, Information Technology
OLUWATONI LAWAL                    - Head, Telesales
OMOWALE BELLO                        -  Cooperate Lease
OWOICHO AGADA                       - Ag. Head, Human Resources
SOPHIA DAGI                               -  Ag Head, Client Experience Management
STANLEY MAFUVWE                    - Lead, 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
Telesales, Asset Creation, Brokers, Corporate Lease, Wealth Management, Credit Risk Management, Transformation, Legal, Software, and Information Technology.

ACTIVITY REPORT (26th February – 1st March, 2024)

Tele-sales Team Report
The total amount consummated by the team for the week in review is 2M  with the core telesales and customer retention team consummating 289K (5% of the week’s target) at 1 count and 1.8M (36% of the week’s target) at 2 counts respectively.

 Asset Creation report
For the period in review, Transactions disbursed are 37.7M. Others are at various transaction stages.

Brokers Admin Team Report
The week in review shows liability generation is 7.74% (1.4M) of the budget. Risk Asset Transaction Disbursed for the week 150K, Fresh Fund (RTN) for the Week 1.2M, Reap Fund for the week 270K, Rollover for the week Nil, Liquidation for the week 3.5M. 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 BAD. Week 9 experienced a net positive change in cash flow from 16M negative in week 8 to 16M positive. Wealth Management reported a negative 16M total NetFlow, with 63 million inflows and 47 million outflows.

Credit Risk Management Report
The report shows Core underwriters approved 64 transactions and pushed back 16 transactions. The senior underwriters approved 45 transactions and pushed back 10. In the recovery space, the total recovery is 32M (83%) broken down as PDO is 24.3M at 108 counts (100% of the target). Extended interest recovery as 3.6M at 26 counts (67% of the target), Provisioned Accounts recovery as 4M at 69 counts (59% 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 31 staff were hired.

Information & Technology Team Report
Captures ongoing and completed projects.

RISK ASSET GENERATION REPORT

TREASURY MANAGEMENT REPORT

MEETING ADJOURNMENT
Ezinne Umorzurike seconded by Faith Ozegbe adjourned the meeting

Faith Ozegbe said the closing prayers