BAFI Awards: LAPO MfB wins Microfinance Bank of The Year

LAPO Microfinance Bank, a premium microfinance institution in Nigeria wins the ‘Microfinance Bank of the Year’ 2023 Businessday Banks’ and other Financial Institutions’ (BAFI) Awards.

Oluremi Akande, director, communications and branding of LAPO, said in a statement that LAPO Microfinance Bank has won this award category for the ninth consecutive times since its inception of the BAFI awards.

“This is an explicit recognition of the bank’s consistency in the delivery of its core mandate, industry leadership and social impact,” Akande said.

According to him, the management of the microfinance bank appreciates Businessday Media, the organisers of the awards for enduring legacy of BAFI and its invaluable contributions to growth of the financial sector.

Godwin Ehigiamusoe, founder of LAPO Microfinance Bank was recently conferred with the honor of ‘Fellow Chartered Institute of Bankers’ in recognition of his immense contributions through LAPO Microfinance Bank to the development of the financial sector.

Also, the growth of the national economy and social and economic empowerment of members of low-income households and owners of micro small and medium enterprises in Nigeria.

LAPO Microfinance Bank stated that it remains committed to its over 30 years mandate of social and economic empowerment of members of low-income households and owners of micro small medium enterprises in the most sustainable manner.

Folake Balogun

Folake Balogun is a technology journalist covering the evolving digital economy, with a focus on startup ecosystems, fintech innovation, artificial Intelligence, venture capital, and emerging technologies. Her work explores the intersection of technology, business, and society by highlighting how innovations such as artificial intelligence and next-generation connectivity are shaping everyday life and economic growth across the African continent and globally. She is a sixth cohort participant in the Technology and Digital Reporting training hosted by the Media Career Development Network in partnership with the U.S. Consulate General, Lagos. Folake is also a Fellow of the Tax Justice and Equity Project (2023 Cohort) by the International Centre for Investigative Reporting (ICIR) with the support of the International Budget Partnership. Through her reporting and analysis, she continues to spotlight the people, ideas, and technologies driving digital transformation.