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
OLUWAFISAYO OMOPARIOLA     - Sales Operations & Strategy
OLUWASEGUN BOLAWOLE          - Head, Strategic Partnership
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, 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 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 12.3M. Others are at various transaction stages.

Brokers Admin Team Report
The week in review shows liability generation is 0.78% (150k) of the budget. Risk Asset Transaction Disbursed for the week Nil, Fresh Fund (RTN) for the Week Nil, Reap Fund for the week 150K, Rollover for the week Nil, Liquidation for the week Nil. The report also captured Pending RTN transactions.

Strategic Partnership Team Report
For the period in review, the total sales achieved is 3M (27% Of the budget). The report also captures the activities, visits, and pending partnerships in the public and private sectors.

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).

Abuja Team Report
Captures the activities for the period in review.

Wealth Management Team Report
For the week in review Executive summary shows the Liquidity Requirement status as FAIR (50). Week 52 experienced a net negative change in cash flow from 53M positive in week 51 to 22M negative. Treasury reported a negative 22M total NetFlow, with 50 million inflows and 72 million outflows.

Credit Risk Management Report
The report shows Core underwriters approved 2 transactions and pushed back 1 transaction. The senior underwriters approved 2 transactions and pushed back. In the recovery space, the recovery is broken down as PDO is 5.5M at 55 counts (13% of the target). Extended interest recovery as 150K at 3 counts (4% of the target), Provisioned Accounts recovery as 959.2K at 19 counts (24% of the target).

Product Development Team Report
Captures ongoing, pending, and completed projects.

Business Operation Team Report
Captures ongoing, pending, and completed projects.

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
Godfrey Egbuokporo seconded by Aja Iji adjourned the meeting

Adetayo Olukoga said the closing prayers