Week 14 04-03-2024

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

ATTENDEES

ABDULLAHI NAJIMUDEEN         - Head, Internal Operations
ADETAYO OLUKOGA                 -  Asset Creation
AJA IJI                                       - Branch Head, Abuja       
AJIBOLA ABDILFATAI                 - Portfolio Risk Officer
AMOTO SERIKI                          - Internal Operations
EDNA EJIMAKOR                       - Branch Head Port Harcourt
EMMANUEL ONAKOYA             - Head, CRM
GODFREY EGBUOKPORO          - Ag. Head, Communications
FAITH OZEGBE                           -  Acting Secretary
HAPPY OSENI                           - Human resources
ITIEKHAO IKPEMINOGENA        -  General Manager
LINDA OTTAH-IJEKEYE                -  Brokers Admin
OLUWADAMILARE OLAYINKA     - Head, Transformation
OLUWAFEMI SIYANBOLA             - Sales
OLUWOLE EWEJOBI                     -  Head, Information Technology
OLUWATONI LAWAL                    - Head, Telesales
OMOWALE BELLO                        -  Cooperate Lease
SOPHIA DAGI                               -  Ag Head, Client Experience Management
STANLEY MAFUVWE                    - Lead, Asset Remedial Management
TAWAKALITU OJESOLA                - Internal Operations

Sophia Dagi said the opening prayer 

ORDER OF PRESENTATION
Telesales, Asset Creation, Brokers, Corporate Lease, Wealth Management, PortHarcourt, Abuja, Credit Risk Management, Transformation, Legal, and Information Technology.

ACTIVITY REPORT (25th – 29th May, 2024)

Tele-sales Team Report
The total amount consummated by the team for the week in review is 1M at 2 counts (9% of the target) with the core telesales and customer retention team consummating 500K (8% of the week’s target) at 1 count and 500K (10% of the week’s target) at 1 counts respectively.

 Asset Creation report
For the period in review, Transactions disbursed are 65.3M. 

Brokers Admin Team Report
The week in review shows liability generation is 36.40% (7M) of the budget. Risk Asset Transaction Disbursed for the week 2.4M, Fresh Fund (RTN) for the Week 1M, Reap Fund for the week 650K, Rollover for the week 5.3M, Liquidation for the week 20M. 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).

PortHarcourt Team Report
Captures the activities for the period in review

Abuja Team Report
Captures the activities for the period in review

Wealth Management Team Report
For the week in review, the Executive summary shows the Liquidity Requirement status as BAD (35%). Week 13 experienced a net positive change in cash flow from 49M positive in week 12 to 167M positive. Wealth Management reported a positive 167M total NetFlow, with 254 million inflows and 87 million outflows.

Credit Risk Management Report
The report shows Core underwriters approved 80 transactions and pushed back 38 transactions. The senior underwriters approved 52 transactions and pushed back 21. In the recovery space, the total recovery is 25.1M (65%) broken down as PDO is 19.9M at 83 counts (56% of the target). Extended interest recovery as 19M at 33 counts (37% of the target), Provisioned Accounts recovery as 3.1M at 41 counts (48% 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 97 staff were hired.

Information & Technology Team Report
Captures ongoing and completed projects.

RISK ASSET GENERATION REPORT

TREASURY MANAGEMENT REPORT