Week 22 05-26-2024

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

ATTENDEES

ADEDOYIN ADEYEMI                - CRM
ADETAYO OLUKOGA                 -  Asset Creation
AJIBOLA ABDILFATAI                 - Portfolio Risk Officer
ANTHONIA OGBU                    - Lead, Underwriting
CHIMA AGU                              - Ag, Lead Client Experience Management
CHINEDU UGWU                      - Legal
EDNA EJIMAKOR                       - Branch Head, Port-Harcourt
EMMANUEL OKPOKOR             - CRM
EMMANUEL ONAKOYA             - Lead, CRM
GBENGA AJAYI                          - Lead, Wealth Management
GODFREY EGBUOKPORO          - Lead, Communications
FAITH OZEGBE                           -  Acting Secretary
ISIMEMEN EBHOMIEN              -  Accounts
ITIEKHAO IKPEMINOGENA        -  General Manager
IKEJI NWANNE                           - Sales
LINDA OTTAH-IJEKEYE                -  Brokers Admin
LOLO YOUNG-HARRY                 - Sales
OLUSEGUN AKEJU                      - Lead Data Science Unit/Loan Portfolio Unit
OLUWADAMILARE OLAYINKA     - lead, Transformation
OLUWAFEMI SIYANBOLA            - Sales
OLUWATONI LAWAL                    - Lead, Telesales
OLUWOLE EWEJOBI                     -  Head, Information Technology
OMOWALE BELLO                        -  Cooperate Lease
OWOICHO AGADA                       - Product Development
PETER OJUKWU                           - Asset Remedial Management
SAMUEL OTTAH                            - Product Development 
SOPHIA DAGI                               -  Deputy National Channel Manager
STANLEY MAFUVWE                    - Lead, Asset Remedial Management
TAIWO AJAGUNSEGUN                - Business Operations

Sophia Dagi said the opening prayer 

MINUTE ADOPTION
Oluwadamilare Olayinka seconded by Faith Ozegbe

ORDER OF PRESENTATION
Telesales, Asset Creation, Corporate Lease, Wealth Management, Credit Risk Management and Legal

ACTIVITY REPORT (20th – 24th May, 2024)

Tele-sales Team Report
The total amount consummated by the team for the week in review is 17.9M  with the core telesales and customer retention team consummating 5.1M (52% of the week’s target) at 3 counts and 12.7M (67% of the week’s target) at 5 counts respectively.

 Asset Creation report
For the period in review, Transactions disbursed are 86M.. 

Brokers Admin Team Report
The week in review shows liability generation is 13.83% (11.9M) of the budget. Risk Asset Transaction Disbursed for the week 1.3M, Fresh Fund (RTN) for the Week 6M, Reap Fund for the week 60K, Rollover for the week 5.9M, Liquidation for the week 1M. 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 FAIR (53%). Week 20 experienced a net negative change in cash flow from 119M positive in week 19 to 19M positive. Wealth Management reported a positive 19M total NetFlow, with 250 million inflows and 231 million outflows.

Credit Risk Management Report
The report shows Core underwriters approved 110 transactions and pushed back 44 transactions. The senior underwriters approved 108 transactions and pushed back 19. In the recovery space, the total recovery is 13M (35.80%) broken down as PDO is 9.1M (19.47% of the target). Extended interest recovery as 2.9M at 55 counts (26% of the target), Provisioned Accounts recovery as 1.6M at 29 counts (24% of the target).

Product Development Team Report
Captures ongoing and completed projects.

Business Development Team Report
Captures ongoing and completed projects.

Legal Team Report
The report captures the litigation and other tasks for the week in review

RISK ASSET GENERATION REPORT

TREASURY MANAGEMENT REPORT

MEETING ADJOURNMENT
Godfrey Egbuokporo seconded by Aja Iji adjourned the meeting

Adetayo Olukoga said the closing prayers