Tatum Bank board, management pay courtesy visit to Sanwo-Olu

The Board and Management Team of Tatum Bank recently paid a courtesy visit to the Governor of Lagos State, His Excellency Babajide Sanwo-Olu, as part of efforts to formally introduce the Bank to the State Government and commend the Governor for his administration’s developmental strides and contributions towards strengthening Lagos’ economic growth.

The delegation was led by the Managing Director of Tatum Bank, Niyi Adeseun, alongside the Executive Director, George Oko-Oboh, Non-Executive Director, Tonya Lawani, Non-Executive Director, Frank Okosun, and other members of the Bank’s Management Team.

Speaking during the visit, the Managing Director, Adeseun, highlighted the vision and essence behind the Bank’s identity, noting that the name “Tatum” was derived from the Latin word “Tutum,” meaning “a safe haven.” According to him, the name reflects the Bank’s commitment to providing customers with security, trust, and confidence in their financial wellbeing.

Mr. Adeseun further informed the Governor that the Bank, which commenced operations in May 2025, achieved the Central Bank of Nigeria’s recapitalization milestone within approximately ten months of operation, a feat he described as a strong testament to the confidence reposed in the Bank’s leadership by shareholders and critical stakeholders.

He also disclosed that despite operating for only eight months within the 2025 financial year, the Bank recorded a Profit Before Tax (PBT) of N1.7 billion, underscoring the institution’s strong growth trajectory and sound strategic direction.

Congratulating Governor Sanwo-Olu on the remarkable infrastructural and economic transformation witnessed across Lagos State, the Tatum Bank MD reaffirmed the Bank’s commitment to supporting the developmental aspirations of the State through strategic partnerships and collaborations.

He noted that the Bank had already commenced collaboration with the DAP Experience Centre, by providing support for their “I Love Lagos” initiative through the provisioning of payment gateway infrastructure to drive seamless transaction experiences.

In his response, Governor Babajide Sanwo-Olu warmly welcomed the delegation and acknowledged Mr. Adeseun as a long-time friend and accomplished banking professional with extensive industry experience and pedigree.

The Governor expressed delight at the story behind the Bank’s name, noting that it demonstrated intentionality in building a brand centred on safety, trust, and customer confidence.

He further emphasized that Lagos remains the largest sub-national economy in Africa and the economic nerve centre of Nigeria, reiterating the State Government’s commitment to supporting businesses and fostering partnerships that deepen financial inclusion and economic prosperity.

Governor Sanwo-Olu wished the Board and Management of Tatum Bank continued success and encouraged them to remain focused and steadfast in delivering value to customers and stakeholders.

Also present during the courtesy visit were the Deputy Chief of Staff to the Governor, Sam Egube, the Commissioner for Finance, Abayomi Oluyomi, and other senior officials of the Lagos State Government.