To be the leading microfinance institution in Africa.
We are committed to economically empower the poor through innovative products and highly motivated workforce while remaining socially responsible.
Selflessness
Passion
Commitment
Respect for the Individual
Good corporate citizenship
OUR CORPORATE PROFILE
Integrated Micro Finance Bank was incorporated as a wholly
indigenous limited liability company on June 16, 2006
following the grant of an approval-in-principle by the
Central Bank of Nigeria on 31st May 2006. The institution
obtained a final Unit Microfinance operating license
on September 02, 2006 thus becoming the first licensed
microfinance bank in Nigeria. The bank launched its
operations with an authorized share capital of N250
million divided into 250 million ordinary shares of
N1.00 each. The authorized share capital was subsequently
increased to N 500 million and later N 2.5 billion divided
into 5 billion ordinary shares with a nominal value
of 50 kobo each to accommodate the “teeming high
net worth individuals yearning to have a stake in the
Bank”.
IMFB was promoted by a group of investors who saw the
gap in the micro finance segment of the financial industry.
Preparation of documentations for licensing commenced
in December 2005, upon the official launching of the
micro finance policy in Nigeria by the then President
and Commander-in-Chief of the Federal Republic of Nigeria,
Chief Olusegun Obasanjo.
Promoters of the bank comprised of seasoned and tested
Nigerians of integrity and diverse professional experience.
The bank’s primary goal is to bank the unbanked,
less-banked (Micro Customers) and to take the Small
and Medium Enterprises (SME) to the next level in their
businesses through the provision of efficient financial
services while contributing to the regulator’s
aim of integrating the informal sector into the mainstream
financial system.
BOARD OF DIRECTORS
Dr. (Mrs.) Doyin Abiola Ph.D
Chairman
Adamu Ibrahim
Managing Director/CEO
Jerry S. Ariomovuohoma
Director
Gabriel Demilade Adepoju
Director
Dr. Patrick Uduka Sule Ugboma
Director
Dr. Osita Ogbu, Ph.D
Director
DR. (MRS.) DOYIN ABIOLA,
Ph.D(CHAIRMAN OF THE BOARD)
Dr. Doyinsola Abiola is the chairman
of the Board. A PhD holder in Mass Communication
from the State University of New York, USA (1979).
Prior to this, she had her Bachelor of Art (Combined
Honours) Degree and Master of Art in Journalism
from the University of Ibadan, Nigeria (1969)
and University of Wisconsin, Madison, U.S.A (1972)
respectively. She recently served as Executive
Director, Editorial and Publications, Daily Times
Nigeria. She accepted this challenge to turnaround
Daily Times as a service to the heritage of the
nation and the pride of Journalism, which Daily
Times stands for. She served as the Managing Director/Editor-in-Chief
of Concord Group of Newspapers (1986-2001), Editor,
Concord Newspaper (1976-1986), Features Editor,
Daily Times (1972-1975), Reporter, Daily Sketch
(1969-1970). She served on other Boards such as:
CNN African Journalist of the Year Awards (Chairperson),
National Commission for Women Affairs, (Board
Member) (2002-2004), Chairperson, Nigerian Media
Merit Awards, Board of Trustees (1991-1992), Eisenhower
Exchange Fellowship (EEF) Member, International
Advisory Council (1990-1992), Member, Steering
Committee for Strategies and Marketing of NEPAD
(2001),
Member Selection Committee for Eisenhower
Fellow for 2006 (2006), Members Steering Committee for
a Pan African News Channel, Tunisia (2006). She has
attended several professional development training programmes
locally and abroad some of which are: Managing the Newsroom,
Thompson Foundation, Lagos, Nigeria (1994), Collaboration
of Public and Private Sector Initiatives for Development,
EEF International Conference, Alicante, Spain (1996),
Advanced Journalism Techniques, Thompson Foundation
UK (1997), Finance for Non-Finance Managers, Commonwealth
Press Union, UK (1998), BAL Perspective on Urban Decay,
Eisenhower Fellow Conference, Istanbul Turkey (1999),
CNN World Conference, Atlanta, USA (2001) and the Stanford
Graduate School of Business Program, Director’s
Forum California, USA (2007). Dr Doyinsola Abiola is
an Alumnus of Lagos Business School (LBS) and the Institute
of Management Development (IMD) Lausanne, Switzerland.
MR. GABRIEL DEMILADE ADEPOJU, BSC. FCA, FCIT
Gabriel Adepoju is a seasoned administrator
and business mogul. He is the Chairman &
Chief Executive Officer of Gad Press Limited,
Lagos and Executive Director Wapic Insurance
Plc. Prior to his appointment as Executive Director
in WAPIC Insurance Plc, he was the former Head
of Manufacturing Group of the Corporate Banking
Division at Intercontinental Bank Plc. Adepoju
has held several leadership positions in the
banking and financial sectors as well as vast
experience in key consulting firms. He has attended
several professional development training programs
both locally and internationally (Harvard Business
School). He is also a Fellow of the Wharton
Business School, University of Pennsylvania.
DR. JERRY S. ARIOMOVUOHOMA M, IOD.
Jerry is an accomplished business administrator,
an economist and a major player in the real
sector of the Nigerian economy. Jerry has a
diploma in Economics from Nottingham College,
Nottingham, United Kingdom and a Bachelor of
Science Degree (Bsc. Hons.) in Economics from
Beach Hill University, Oklahoma, United States
of America. He is the founder and Chairman/
Chief Executive Officer of Flurex Industries
Limited. Jerry serves on the Board of a number
of other companies, he is the Chairman, Agi
Cosmetics Limited and President, Flurex Tech
Limited among others. He has attended several
local and international training programs in
the USA (Harvard Business School). Jerry, a
golfer and a member of Institute of Directors
(IoD) is happily married with children.
DR. PATRICK SULE
UGBOMA, Ph.D
Dr. Patrick Sule Ugboma obtained a Bachelor
of Science Degree in Management from Imo State
University Owerri and Nottingham University, Nottingham,
England. He also holds an Honorary Doctorate Degree
in Management from his alma mater, Imo State University.
He is Chairman of several companies including
Cogipar Nigeria Limited, Vernon Engineering Services
Limited, Soul Petroleum & Gas Nigeria Limited
and Newtech Services Nigeria Limited. He is also
the Managing Director of Dec Oil & Gas Limited,
an indigenous oil and gas servicing company and
Enernational Nigeria Limited.
Dr. Ugboma is a member of the board of Directors
of several reputable companies among which are
International Energy Insurance Company Plc and
C&I Leasing Plc. He had previously worked
at Wesco Engineering Services where he rose
to the position of Branch Co-ordinator, Port
Harcourt and Star Ware Housing Shipping Services
where he rose to the position of Operations
Manager. Dr. Ugboma is a member of 12th Committee,
Port Harcourt. He is also the President of Mater
Dei Old Boys Association, Port Harcourt Chapter
and Patron, Nigerian Union of Journalists, Delta
State Chapter 1993. Dr Ugboma’s hobbies
include traveling, making friends and engaging
in philanthropic activities. Dr. Patrick Ugboma
is happily married with children.
DR. OSITA OGBU,
Ph.D
Dr. Osita Ogbu is an economist with broad range
of skills and practical understanding of developmental
and social issues. He attended University of Nigeria
Nsukka where he obtained a B.Sc Degree in Economics.
He later obtained an M.A Degree in Economics from
Howard University, Washington DC, USA and Ph.D.,
in Economics from the same University. He has
wealth of experience having worked in various
countries and served in several leadership positions,
the most recent being as Economic Adviser to the
President of the Federal Republic of Nigeria and
CEO National Planning Commission, November 2005
to November 2006; Executive Director, The African
Technology Policy Studies Network, Nairobi from
March 2005 to November 2005. He is currently the
Managing Director/CEO of the African Development
Solutions International (ADSI).
In his professional career, Dr. Ogbu has attended
extensive trainings and development courses both
at home and abroad.
Dr. Osita Ogbu is a prolific writer and the
author of The Moon Also Sets (published by the
East African Educational publishers, Kenya Ltd
(2002) and Heinemann Nigeria Ltd (2003). He
was President, Association of Nigerians in Kenya
(2000-2005) and President Rotary Club of Milimani,
Nairobi, Kenya (2002-2003).
Adamu holds a Bachelor’s
and Master of Science Degrees in Accounting
from Ahmadu Bello University Zaria. He has over
twenty-two years cognate experience in the banking
industry spanning three eras. He previously
worked with Chase Merchant Bank, First City
Merchant Bank, Devcom Merchant Bank and former
Societe General Bank. Adamu also has over two
year’s hands on experience in telecoms,
having previously worked with Globacom Limited.
He left Globacom as a General Manager in 2008
to join Integrated Microfinance Bank (MFB) Plc.
He currently oversees the entire North Bank
business development of the organization. Adamu
has attended several training and professional
development programs both within and outside
the country.
CHIMAOBI JAMES
AGWU, MSC, MBA (UNILAG) (Deputy Managing Director/COO)
Chimaobi holds a Bachelors degree
in Economics, MSC (Finance) and Masters in Business
Administration (MBA) from the University of Lagos.
He has over twelve years experience spanning Consultancy,
Product Marketing and Banking having previously
worked with Afribank Plc, Chartered Bank Plc (now
IBTC Chartered \Bank) and Intercontinental Bank
Plc. Mr. Agwu oversees the bank’s Agric
, Cepag and South East Operations. In the course
of his professional career, Mr. Agwu has attended
several training and development programs both
locally and abroad.
TAOFEEK ADEWALE OYEBAMIJI, FCA, MBA (ADO EKITI) (Divisional Director, Finance, Strategy
& Information Technology)
Wale is a Chartered Accountant (FCA)
with Masters in Business Administration (MBA)
Finance from the Ondo State University, Ado-Ekiti
in 2000. He has over a decade banking experience
spanning financial control, Audit, Accounting
Services, Consulting and banking having previously
worked with First Bank of Nigeria Plc. Mr. Oyebamiji
who joined IMFB in 2006 as one of the pioneer
staff oversees the entire bank finance and IT
departments. He has attended several banking and
executive management courses both locally and
internationally in the USA (Harvard Business School,
Massachussets Institute of Technology (MIT)).
LAWRENCE
SUNDAY OJEBODE, ACA (Divisional Director, Lagos &
South West Operations)
Lawrence is a graduate of Accounting
and a Chartered Accountant (ACA). He has over
a decade working experience spanning Audit &
Compliance, Internal Control, Operations, Risk
Management, Consulting and Banking. He won the
Institute of Chartered Accountants of Nigeria
(ICAN) prize for the best student in Management
Information System (MIS) at the Professional Examination
Level 1 of the Institute. Lawrence oversees the
bank’s Lagos and South West business development
operations. He has attended several banking and
executive management training both at home and
abroad in the USA (Massachusetts Institute of
Technology (MIT).
Adewale is a graduate of Accounting from Obafemi
Awolowo University Ile-Ife, Osun State and a Chartered
Accountant (ACA). He has over ten years experience
spanning Banking, Oil and Gas and IT. Mr. Ayoade
who joined the Bank in 2006 oversees the bank’s
treasury department and asset bank. He has also
attended several training and development programs
both locally and abroad in the UK (Euromoney) and
the USA. (Michigan Ross University).
