Jacob Adefolalu

To work in an Establishment that recognizes the need for Human capital development and realizes the need to put its staff to its optimal use. An establishment filled with positive challenges for individual growth and development and which rewards hard work and fair play.

Managing Director - ABUCOOP MICROFINANCE BANK

(2024-09)

Strategic Leadership & Business Growth, Fintech Integration & Digital Transformation, Financial Performance & Risk Management, Regulatory Compliance & Corporate Governance, Team Leadership & Organizational Development

• Develop and implement a scalable growth strategy focusing on digital banking, fintech partnerships, and rural market penetration.
• Expand the banks footprint by establishing branches, mobile banking solutions, and agent banking networks across Nigeria.
• Lead the development of innovative financial products, including micro-loans, savings products, and digital payment solutions, tailored to MSMEs, rural entrepreneurs, and low-income earners.
• Identify and form strategic alliances with fintech startups, mobile network operators, and other financial service providers to enhance digital financial inclusion.
• Drive the banks brand visibility, market penetration, and customer acquisition strategy.
• Oversee the implementation of core banking systems, digital lending platforms, and mobile money services.
• Introduce AI-driven credit scoring models, alternative data lending, and blockchain-based financial solutions to improve access to finance.
• Lead automation of banking operations to enhance efficiency, reduce costs, and improve customer experience.
• Ensure seamless integration of USSD banking, mobile apps, agency banking, and POS transactions to reach the unbanked population.
• Drive profitability, asset growth, and sustainable financial performance.
• Develop and enforce robust risk management policies, credit underwriting standards, and compliance frameworks.
• Optimize capital structure and funding sources, including debt financing, grants, and impact investments to support growth initiatives.
• Oversee customer portfolio growth, loan recovery, and NPL (Non-Performing Loan) management strategies.
• Ensure strict adherence to CBN regulations, AML/CFT policies, and financial reporting standards.
• Work closely with the Board of Directors, investors, and regulatory bodies to align business strategies with compliance requirements.
• Foster a transparent, accountable, and ethical banking culture in line with corporate governance best practices.
• Recruit, develop, and lead a high-performing team of financial, technology, and customer service professionals.
• Foster a customer-centric and innovative banking culture focused on financial inclusion.
• Set and monitor performance KPIs for business growth, customer satisfaction, and operational efficiency.

Area Manager North Area - ACCION MICROFINANCE BANK - Hall 3 Taska Plaza Yanya Abuja

(2021-08)

Area Office in Abuja from May 2021 till date

Area Manager (Overseeing 11 Branches) - ACCION MICROFINANCE BANK - Accion Microfinance Bank, Head Office, 4th Floor, Elizade Plaza, 322A, Ikorodu Rd, Anthony, Lagos

(2014-07 - 2021-07)

• Manage all assigned branches within my Area/Region.
• Ensuring strong portfolio growth and superior loan portfolio quality. (Portfolio at risk PAR).
• Providing support to staff and ensuring that both short term and long term branches goals are achieved.
• Strengthen the region (Area) profitability.
• Plan and manage branches' financial budget.
• Ensure that Branches maintain update, accurate records and generate necessary reports on time.
• Ensure full compliance to policy and procedures in all the branches.
• Branches client satisfaction and Retention
• Carryout spot check/spot visit to client seeking loan above N 500.
• Assisting in marketing and Business development
• Approval of loan within my limit
• Chairing of credit committee of loan within my limit or authority level and ensure all documentations and requirement are complete prior to loan approvals.
• Assist with late repayment recovery, where necessary in accordance with the Bank's policies and procedures.
• Monitoring Branches e–business uptake and usage.

Branch Manager of Ikeja, Ikorodu, Ogba & Agege - ACCION MICROFINANCE BANK

(2009-08 - 2014-06)

• Oversee the operations and activities of the Branch.
• Ensure strong portfolio growth and superior loan portfolio quality (PAR)
• Strengthen Branch profitability
• Assist necessary dept in deposit mobilization and managing deposits portfolio growth.
• Branch Administration
• Client management and retention
• Develop and monitor financial planning and management
• Ensure that all staff follow and implement policies and procedures.
• Set performance goals with Branch staff and monitor performance per procedures for all staff.
• Implement the performance management system at the Branch level.
• Chair the credit committee for loan application.
• Spot check/visit to loan applications above my unit/authority level and ensure all documentations and requirement are complete prior to loan approvals.
• Approval of loans from N 150k – N300k.
• Assist in debt recovery and ensure that recovery strategy and procedures are adhered to.

Head of Operations - IBETO MICROFINANCE BANK - 1, Edo Emezie Street, Nnewi, Anambra State

(2007-07 - 2009-08)

• Oversee the Banking operations of Bank
• Tellers/Head teller
• Customer service department
• Funds transfer and clearing of customers' cheques with corresponding Bank.
• Cash operations (vault in/out) and treasury department
• Partake in management meeting/decision making organ of the Bank and implementation of those decisions.

Assistant Manager - SUSU MICROFINANCE BANK, LTD (STATE MFB) - 34, Commercial, Sabo Yaba

(2006-09 - 2007-07)

Credit and Marketing Department

• Marketing of Banks' products to prospective clients
• Managing and relating existing client account
• Evaluation and packaging of credit proposal
• Member of credit committee of the Bank
• Approval of loans within my limit
• Involve in recovery of the loan with recovery department.

Manager - KOSOFE COMMUNITY BANK - 24, Adedoyin Street, Mile 12, Ketu, Lagos

(2001-05 - 2006-08)

• Overseeing the General Operations of the Bank
• Authorizing Payment of Customers Instruments
• Marketing Bank product to Prospective Customers
• Recommending Customer's Loan and Advance to Loan Board Committee
• Member of Loan Board Committee
• Participation in Managerial Decision making and Implementation of the objectives of the Bank.
• Other Duties as assigned by the Board of Director.

Officer - F.S.B. INTERNATIONAL BANK PLC - Akure & Lagos

(1987 - 1990)

Formally Federal Saving Bank

• Cash officer
• Fund transfer operation office
• Customer service officer
• Bank cheques/entries
• Teller

B.SC - Banking and Finance - OGUN STATE UNIVERSITY, AGO – IWOYE, OGUN STATE (1997 - 2000)

W.A.E.C/G.C.E. (1984)