Skip to main content

Week 41 10-07-2024

MANAGEMENT MEETING
Duration: 8:30 am - 12:37 pm
Venue: Virtual Via Google Meet

Presided by: Faith Ozegbe

ATTENDEES

ABDULLAHI NAJIMUDEEN       - Lead, Internal Operations
ADEDOYIN ADEYEMI                -  Recovery
ADETAYO OLUKOGA                 -  Asset Creation
AJA IJI                                       - Branch Head Abuja
ANTHONIA OGBU                    - Lead, Underwriting
CHIMA AGU                              - Ag, Lead Client Experience Management
CHUKWUMA OKONJI               - Telesales
EMMANUEL DOE                      - Transformation
EMMANUEL ONAKOYA             - Lead, CRM
EZINNE UMORZURIKE              - Lead, Legal
GODFREY EGBUOKPORO          - Lead, Communications
FAITH OZEGBE                           -  Acting Secretary
ITIEKHAO IKPEMINOGENA        -  General Manager
JOHN ESAN                               - Product Manager
LAWRENCE DUKONI                  - Internal Operations
LINDA OTTAH-IJEKEYE                -  Brokers Admin
LOLO YOUNG-HARRY                 - Sales
MERCEDES IFON                         - Lead,HR Strategy
NWANNE IKEJI                            - Sales
OLUSEGUN AKEJU                      -  Lead Data Science Unit/Loan Portfolio Unit
OLUWADAMILARE OLAYINKA     - lead, Transformation
OLUWAFEMI SIYANBOLA            - Sales
OLUWATOBI GBADAMOSI           - Product Manager
OLUWATONI LAWAL                    - Lead, Telesales
OLUWOLE EWEJOBI                     -  Head, Information Technology
OMOWALE BELLO                        -  Cooperate Lease
OMOWASINUOLA IJASANMI       - Product Manager
OWOICHO AGADA                       - Human Resources 
PETER OJUKWU                           - Asset Remedial Management
RALPH BRAYILLA                         - Head, Business Operations
SAMUEL UKOR                             - Brokers
SAMUEL OTTAH                            - Product Manager 
SOPHIA DAGI                               -  Deputy National Channel Manager
STANLEY MAFUVWE                    - Lead, Asset Remedial Management

OwoichoEmmanuel AgadaOnakoya said the opening prayer 

MINUTE ADOPTION
Sophia Dagi seconded by Faith Ozegbe

ORDER OF PRESENTATION
Account, Client Experience, Telesales, Asset Creation, Corporate Lease, Port Harcourt, Wealth Management, Credit Risk Management, Product Development, Business Operations, Transformation, Legal, Information Technology and Internal Operations.

ACTIVITYCTIVITY REPORT (26th30th September30th4th August, October, 2024)


Client Experience Management Team Report
For the period in review, 145 inquiries were recorded: Lagos: 84.83%, Port Harcourt: 4.83%, Abuja: 10.34%. The complaint breakdown: Wrong debit @ 66.67%, Credit Update @3.03%, Disbursement @6.06%, Double debit @24.2%. All complaints received will be taken up with the concerned stakeholder

Marketing Communication Team Report

The report captures the activities for the period in review

Tele-Tele-sales Team Report
The total amount consummated by the team for the week in review is 24.3M6.8M  with the core telesales and customer retention team consummating 15.9M1.3M (160%8% of the week’s target) at 2 counts and 8.3M5.5M (44%34% of the week’s target) at 62 counts respectively.

 Asset Creation report
For the period in review, 
Transactions disbursed are 83.5M113.8M Total channels contribution is 117.8M

Wealth Management Global Report
The week in review shows total netfolw as 1.2M-165.4M

Brokers Admin Team Report
The week in review shows liability generation is 439.93% (24.9M)5.7M) of the budgetRisk Asset Transaction Disbursed for the week 3M,Nil, Fresh Fund (RTN) for the Week 4.9M,3.2M, Reap Fund for the week 320K,310K, Rollover for the week 20M,2.2M, Liquidation for the week 11.4M.2.3M. 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).

Port-Harcourt Branch Report
shows the activities for the period in review.

Abuja Branch Report
shows the activities for the period in review.

Wealth Management Team Report
For the week in review Executive summary shows the Liquidity Requirement status as BAD (33%47%). Week 26 experienced a net negative change in cash flow from 41M positive in week 25 to 54M negative. Wealth Management reported a negative 54M total NetFlow, with 85 million inflows and 139 million outflows.

Credit Risk Management Report
The report shows Core underwriters approved 12887 transactions and pushed back 1446 transactions. The senior underwriters approved 147160 transactions and pushed back 35.26. In the recovery space, the total recovery is 14.6M (38.07%) broken down as PDO is 23.6M9M (63.34%24% of the target). Extended interest recovery as 2.5M1.8M  (46.99%35.26% of the target), Provisioned Accounts recovery as 5.2M3.7M at 5441 counts (85.61.7% of the target).

Product Development Team Report
Captures ongoing and completed projects.

Business Operations Team Report
Captures ongoing and completed projects.

Transformation Team Report
Captures ongoing and completed projects.

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 16292 staffs were hired.

Information & Technology Team Report
Captures ongoing and completed projects.

Internal Operations Team Report
Captures the activities for the period in review

RISK ASSET GENERATION REPORT

ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT       LAGOS BRANCH PERFORMANCE        
  WEEK 40   Ending       05-Oct-24  
  BAL B/F WEEK 40 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 1,853,351,496.00 52,915,000.00 1,906,266,496.00 - 1,906,266,496.00 3,528,713,223.22 -46% 1,386,161,286.84 38%
Consumer Leases 349,520.00   349,520.00   349,520.00 15,112,615.30 -98% 4,533,941.97 -92%
Asset Cash Loan     -   -   0%
SPBS     -   - 31,408,900.00 -100%
Sub-Total 1,853,701,016.00 52,915,000.00 1,906,616,016.00 - 1,906,616,016.00 3,543,825,838.52 -46.20% 1,422,104,128.81 34%
Corporate Leases 92,125,000.00   92,125,000.00   92,125,000.00 26,902,809.66 0%   0%
Operating Leases -   -   - 765,396,736.06 0% 55000000 -100%
Business Support Loan/ACL-Corporate 34,000,000.00   34,000,000.00   34,000,000.00 7,863,187.24 0% 20000000 70%
Sub-Total 126,125,000.00 - 126,125,000.00 - 126,125,000.00 800,162,732.96 -84.24% 75,000,000.00 68%
                   
B2C - Products 1,853,701,016.00 52,915,000.00 1,906,616,016.00 - 1,906,616,016.00 3,543,825,838.52 -46% 1,422,104,128.81 34%
B2B - Products 126,125,000.00 - 126,125,000.00 - 126,125,000.00 800,162,732.96 -84% 75,000,000.00 68%
TOTAL FOR LAGOS 1,979,826,016.00 52,915,000.00 2,032,741,016.00 - 2,032,741,016.00 4,343,988,571.48 -53.21% 1,497,104,128.81 36%
                   
Cash Backed loan / Credit Card 61,150,000.00   61,150,000.00   61,150,000.00 236,170,714.77 -74% 17,600,000.00 247%
                   
Total Risk Assets & Cash-Backed Loan 2,040,976,016.00 52,915,000.00 2,093,891,016.00 - 2,093,891,016.00 4,580,159,286.25 -54.28% 1,514,704,128.81 38%
                   
ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT       ABUJA BRANCH PERFORMANCE        
  WEEK 40   Ending       05-Oct-24  
  BAL B/F WEEK 40 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 431,291,150.28 22,858,000.00 454,149,150.28 - 454,149,150.28 2,558,317,086.83 -82% 355,252,070.86 28%
Consumer Leases     -   - 5,495,496.47 -100% - 0%
Asset Cash Loan     -   - 0% 0%
SPBS     -   - 0% 0%
Sub-Total Abuja 431,291,150.28 22,858,000.00 454,149,150.28 - 454,149,150.28 2,563,812,583.30 -82% 355,252,070.86 28%
Corporate Lease     -   - 3,843,258.52 -100%   0%
Operating Leases     -   - 119,061,714.50 -100%   0%
Business Support Loan/ACL-Corporate     -   - 4,324,752.98 -100%   0%
Sub-Total B 2 B Leases - - - - - 127,229,726.00 -100% - 0%
          -        
B2C - Products 431,291,150.28 22,858,000.00 454,149,150.28 - 454,149,150.28 2,563,812,583.30 -82% 355,252,070.86 28%
B2B - Products - - - - - 127,229,726.00 -100% - 0%
TOTAL FOR ABUJA 431,291,150.28 22,858,000.00 454,149,150.28 - 454,149,150.28 2,691,042,309.30 -83% 355,252,070.86 28%
                   
Cash Backed loan / Credit Card     -   - 23,617,071.48 -100%   0%
                   
Total Risk Assets & Cash-Backed Loan 431,291,150.28 22,858,000.00 454,149,150.28 - 454,149,150.28 2,714,659,380.78 -83% 355,252,070.86 28%
                   
ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT       PORT-HARCOURT BRANCH PERFORMANCE        
  WEEK 40   Ending       05-Oct-24  
  BAL B/F WEEK 40 PERFORMANCE YEAR TO DATE 2024 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 527,572,993.33 5,350,000.00 532,922,993.33 - 532,922,993.33 2,734,752,747.98 -81% 401,619,596.08 33%
Consumer Leases 159,300.00   159,300.00   159,300.00 6,869,370.59 -98%   0%
Asset Cash Loan     -   - 0%   0%
SPBS     -   - 0% 7,150,000.00 -100%
Sub-Total Port Harcourt 527,732,293.33 5,350,000.00 533,082,293.33 0 533,082,293.33 2,741,622,118.58 -80.56% 408,769,596.08 30%
Corporate Leases     -   - 7,686,517.05 -100%   0%
Operating Leases     -   - 816,423,185.13 -100% 336,000,250.00 -100%
Business Support Loan/ACL-Corporate     -   - 7,470,027.88 -100% 15,400,000.00 -100%
Sub-Total B 2 B Leases 0 0 0 0 0 831,579,730.05 -100.00% 351,400,250.00 -100%
              -   0%
B2C - Products 527,732,293.33 5,350,000.00 533,082,293.33 - 533,082,293.33 2,741,622,118.58 -81% 408,769,596.08 30%
B2B - Products - - - - - 831,579,730.05 -100% 351,400,250.00 -100%
TOTAL FOR PORT HARCOURT 527,732,293.33 5,350,000.00 533,082,293.33 0 533,082,293.33 3,573,201,848.63 -85.08% 760,169,846.08 -30%
              0%   0%
Cash Backed loan / Credit Card 50,000,000.00   50,000,000.00   50,000,000.00 77,598,949.14 -36% 550,000.00 8991%
              0%   0%
Total Risk Assets & Cash-Backed Loan 577,732,293.33 5,350,000.00 583,082,293.33 0 583,082,293.33 3,650,800,797.77 -84.03% 760,719,846.08 -23%
                   
                   
ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT       ANAMBRA BRANCH PERFORMANCE        
  WEEK WEEK 40   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 32,342,000.00   32,342,000.00   32,342,000.00   0% 29,734,000.00 9%
Consumer Leases     -   -   0%   0%
Asset Cash Loan     -   - 0%   0%
SPBS     -   - 0%   0%
Sub-Total Port Harcourt 32,342,000.00 0 32,342,000.00 0 32,342,000.00 0 0.00% 29,734,000.00 9%
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 32,342,000.00 - 32,342,000.00 - 32,342,000.00 - 0% 29,734,000.00 9%
B2B - Products - - - - - - 0% - 0%
TOTAL FOR ANAMBRA 32,342,000.00 0 32,342,000.00 0 32,342,000.00 0 0.00% 29,734,000.00 9%
              0%   0%
Cash Backed loan / Credit Card             0%   0%
              0%   0%
Total Risk Assets & Cash-Backed Loan 32,342,000.00 0 32,342,000.00 0 32,342,000.00 0 0.00% 29,734,000.00 9%
                   
                   
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 2024 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 39,116,000.00   39,116,000.00   39,116,000.00   0% 29,380,000.00 33%
Consumer Leases         -   0%   0%
Asset Cash Loan         - 0%   0%
SPBS         - 0%   0%
Sub-Total Port Harcourt 39,116,000.00 0 39,116,000.00 0 39,116,000.00 0 0.00% 29,380,000.00 33%
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 39,116,000.00 - 39,116,000.00 - 39,116,000.00 - 0% 29,380,000.00 33%
B2B - Products - - - - - - 0% - 0%
TOTAL FOR OYO 39,116,000.00 0 39,116,000.00 0 39,116,000.00 0 0.00% 29,380,000.00 33%
              0%   0%
Cash Backed loan / Credit Card             0% 0 0%
              0%   0%
Total Risk Assets & Cash-Backed Loan 39,116,000.00 0 39,116,000.00 0 39,116,000.00 0 0.00% 29,380,000.00 33%
                   
                   
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 9,880,000.00 300,000.00 10,180,000.00   10,180,000.00   0% 7,820,000.00 30%
Consumer Leases         -   0%   0%
Asset Cash Loan         - 0%   0%
SPBS         - 0%   0%
Sub-Total Port Harcourt 9,880,000.00 300,000.00 10,180,000.00 0 10,180,000.00 0 0.00% 7,820,000.00 30%
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 9,880,000.00 300,000.00 10,180,000.00 - 10,180,000.00 - 0% 7,820,000.00 30%
B2B - Products - - - - - - 0% - 0%
TOTAL FOR ONDO 9,880,000.00 300,000.00 10,180,000.00 0 10,180,000.00 0 0.00% 7,820,000.00 30%
              0%   0%
Cash Backed loan / Credit Card             0% 0 0%
              0%   0%
Total Risk Assets & Cash-Backed Loan 9,880,000.00 300,000.00 10,180,000.00 0 10,180,000.00 0 0.00% 7,820,000.00 30%
                   
                   
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 43,064,000.00 1,695,000.00 44,759,000.00   44,759,000.00   0% 4,625,000.00 868%
Consumer Leases         -   0%   0%
Asset Cash Loan         - 0%   0%
SPBS         - 0%   0%
Sub-Total Port Harcourt 43,064,000.00 1,695,000.00 44,759,000.00 0 44,759,000.00 0 0.00% 4,625,000.00 868%
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 43,064,000.00 1,695,000.00 44,759,000.00 - 44,759,000.00 - 0% 4,625,000.00 868%
B2B - Products - - - - - - 0% - 0%
TOTAL FOR ONDO 43,064,000.00 1,695,000.00 44,759,000.00 0 44,759,000.00 0 0.00% 4,625,000.00 868%
              0%   0%
Cash Backed loan / Credit Card             0% 0 0%
              0%   0%
Total Risk Assets & Cash-Backed Loan 43,064,000.00 1,695,000.00 44,759,000.00 0 44,759,000.00 0 0.00% 4,625,000.00 868%
                   
                   
ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT       OSUN BRANCH PERFORMANCE        
  WEEK     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 125,186,000.00 8,576,000.00 133,762,000.00   133,762,000.00   0%   0%
Consumer Leases         -   0%   0%
Asset Cash Loan         - 0%   0%
SPBS         - 0%   0%
Sub-Total Port Harcourt 125,186,000.00 8,576,000.00 133,762,000.00 0 133,762,000.00 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 125,186,000.00 8,576,000.00 133,762,000.00 - 133,762,000.00 - 0% - 0%
B2B - Products - - - - - - 0% - 0%
TOTAL FOR ONDO 125,186,000.00 8,576,000.00 133,762,000.00 0 133,762,000.00 0 0.00% 0 0%
              0%   0%
Cash Backed loan / Credit Card             0% 0 0%
              0%   0%
Total Risk Assets & Cash-Backed Loan 125,186,000.00 8,576,000.00 133,762,000.00 0 133,762,000.00 0 0.00% 0 0%

TREASURY MANAGEMENT REPORT

ROSABON FINANCIAL SERVICES LIABILITY GENERATION REPORT                
  WEEK 40 Ending 05-Oct-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 720,366,592.47 140,400,000.00 24,089,213.00 116,310,787.00 2,699,841,449.70 836,677,379.47 -1,245,581,527.97 -1,863,164,070.23 -167%
R-WIN 9,230,486.29 3,828,000.00 958,288.00 2,869,712.00 57,443,435.10 12,100,198.29 -3,328,933.65 -45,343,236.81 -463%
REAP PRODUCT 27,681,666.79 2,310,000.00 134,080.83 2,175,919.17 114,886,870.20 29,857,585.96 9,993,358.17 -85,029,284.24 199%
RBIP                 -
TOTAL 757,278,745.55 146,538,000.00 25,181,581.83 121,356,418.17 2,872,171,755.00 878,635,163.72 -1,238,917,103.45 -1,993,536,591.28 -171%
                   
ABUJA                  
TENOR FUND 154,763,978.73 2,000,000.00 456,213.70 1,543,786.30 1,501,898,554.80 156,307,765.03 -24,519,377.69 -1,345,590,789.77 -737%
R-WIN -     - 31,955,288.40 - - -31,955,288.40 -
REAP PRODUCT -663,247.61 295,000.00 827,477.87 -532,477.87 63,910,576.80 -1,195,725.48 -1,019,879.33 -65,106,302.28 17%
TOTAL 154,100,731.12 2,295,000.00 1,283,691.57 1,011,308.43 1,597,764,420.00 155,112,039.55 -25,539,257.02 -1,442,652,380.45 -707%
                   
OSUN                  
TENOR FUND -   - -   -   - 0%
R-WIN   - - -   - - - 0%
REAP PRODUCT   - - -   - - - 0%
TOTAL - - - - - - - - 0%
                   
TOTAL 911,379,476.67 148,833,000.00 26,465,273.40 122,367,726.60 4,469,936,175.00 1,033,747,203.27 -1,264,456,360.47 - -182%
                   
PORT-HARCOURT                  
      WEEK 40            
TENOR FUND 37,410,728.26 1,200,000.00 42,350,946.46 -41,150,946.46 1,758,174,895.50 -3,740,218.20 391,501,552.71 -1,761,915,113.70 -101%
R-WIN -1,903,486.88     - 37,407,976.50 -1,903,486.88 775,000.00 -39,311,463.38 -346%
REAP PRODUCT 2,804,959.55 10,000.00 100,000.00 -90,000.00 74,815,953.00 2,714,959.55 1,010,771.11 -72,100,993.45 169%
                   
  38,312,200.93 1,210,000.00 42,450,946.46 -41,240,946.46 1,870,398,825.00 -2,928,745.53 393,287,323.82 -1,873,327,570.53 -101%
                   
                   
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 912,541,299.46 143,600,000.00 66,896,373.16 76,703,626.84 5,959,914,900.00 989,244,926.30 -878,599,352.95 -4,970,669,973.70 -213%
R-WIN 7,326,999.41 3,828,000.00 958,288.00 2,869,712.00 126,806,700.00 10,196,711.41 -2,553,933.65 -116,609,988.59 -499%
REAP PRODUCT 29,823,378.73 2,615,000.00 1,061,558.70 1,553,441.30 253,613,400.00 31,376,820.03 9,984,249.95 -222,236,579.97 214%
RBIP -       - -     0%
  949,691,677.60 150,043,000.00 68,916,219.86 81,126,780.14 6,340,335,000.00 1,030,818,457.74 -871,169,036.65 -5,309,516,542.26 -218%

MEETING ADJOURNMENT
Sophia Dagi seconded by Owoicho Agada adjourned the meeting