• Wednesday, May 29, 2024
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Gadol Financial Services receives operating licence from CBN

Nigeria’s opaque external reserves drains confidence in FX reform

Gadol Financial Services Limited, has announced the final approval of its license by the Central Bank of Nigeria. The license enables the company to operate in the market alongside other existing finance companies in the country.

‘While adhering strictly to industry guidelines, we are set to change the dynamics of lending for the betterment of our customers and ultimately, society’ said the Managing Director and Chief Executive Officer, Patrick Obi-akatchak. ‘ We are also introducing a system with the shortest turnaround time where borrowers will walk in with their request and walk out with their loan; and investors will receive sustainable returns’.

Assurances that these promises would be fulfilled lies in the over 60 years combined company board members experience in the financial sector, the firm said. This also includes that of the MD/CEO whose banking experience spans between three major banks in Nigeria; the last of where he resigned as a branch manager to establish a multipurpose finance cooperative society.

Having observed the impersonal loan service approach employed by most institutions in the financial industry towards customers, Gadol Financial Services Limited said it seeks to penetrate the market with the adoption of the latest approaches in global administrative practices and professional empathy towards its customers.

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The company has consequently designed a number of products so as to achieve this. One of the most prominent features amongst these products is the company’s disposition to tailor products and services to meet customers’ peculiarities. Some generic products are also available to borrowers and they include but are not limited to Personal loans, Auto loan, Asset Financing, Contract Financing, etc.

Gadol Financial services Limited is also positioned to be an investor’s haven. With the adoption of a strong corporate governance model, priority is placed on the sustainability of investors returns. The company also focuses on modifying rates in realistic proportions and in conformity with industry realities. This is to ensure that while it remains competitive in the industry, investors’ funds are protected and returns are maximized.

At present, Gadol Financial Services Limited maintains its office at the Central Business District in Abuja. It intends to commence implementation of the company’s expansion plan in no distant time as preparations are ongoing for the gradual establishment of branch offices in several states in Nigeria.