Nigeria: Moniepoint Appoints Bayo Olujobi as Chief Financial Officer

Moniepoint Microfinance Bank has expanded its leadership team with the appointment of Bayo Olujobi as Chief Financial Officer (CFO). Olujobi, an accomplished finance professional with a robust industry background, brings a wealth of experience in financial strategy and operational excellence to Moniepoint.

Before joining Moniepoint, Olujobi served as the CFO at Stanbic IBTC Bank, where he was instrumental in enhancing financial performance and operational efficiency. He also contributed to strategic oversight as a Non-Executive Director at Stanbic IBTC Capital.

With close to 20 years in the financial sector, Olujobi has deep expertise in financial management, regulatory compliance, and strategic planning. His experience in treasury management, business growth, and strategic development will play a crucial role in supporting Moniepoint’s continued growth and innovation.

Both Tosin Eniolorunda, Group CEO of Moniepoint Inc., and Olujobi expressed optimism about this appointment, viewing it as a strategic move for Moniepoint’s future. Olujobi shared his enthusiasm, stating, “Joining Moniepoint at this pivotal moment is truly exciting. The bank has created a unique value proposition in personal and business banking, aligning perfectly with today’s consumer demand for secure, convenient financial management solutions. Moniepoint is leading this transformation.”

Olujobi’s appointment follows Moniepoint Inc.’s recent success in raising $110 million in a Series C funding round. This addition to the executive team is expected to further strengthen Moniepoint’s position as a key financial services provider for small and medium-sized businesses across Nigeria.