Coronavirus: LAPO Microfinance Bank suspends union meetings

LAPO Microfinance Bank Limited, a leading microfinance bank, has enforced a temporary suspension of its weekly and monthly clients’ Union Meetings across the country. This disclosure was contained in a statement issued by Oluremi Akande, the bank’s head of communications, on Tuesday.

The statement read in part: “Given the intense nature of our interactions with our Clients, the suspension of Union Meetings is a deliberate step to immediately achieve social distancing and curtail the spread of the COVID-19 pandemic. Importantly, this measure will guarantee the protection of the lives of our Clients, Staff and Family; and by extension the communities we serve”.

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He further noted, “LAPO Microfinance Bank will continue to deploy mass enlightenment campaigns to educate members of the public, thereby, minimizing the level of infection and by implication enabling the systemic defeat of COVID-19 in our country”.

LAPO Microfinance Bank remains committed to the fight against the Coronavirus pandemic in Nigeria.

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.