Determined to take full advantage of the emerging opportunities in Nigeria’s and West African financial sector, SIFAX Group has diversified its investment portfolio with the launch of a new subsidiary called Sky Capital and Financial Allied International Limited.
Sky Capital, is an investment and asset management firm that offers wealth creation opportunities through a unique blend of traditional investment management and alternative investment services.
The company is expected to offer services that include strategic financial planning advice to SMEs; investment portfolio/funds management; bureau de change operations (BDC); foreign exchange (FOREX), and insurance brokerage and credit assessment & analysis.
However, in the second phase of its growth, the company will also offer services like microfinance/consumer lending and corporate funding after the licensing by relevant regulatory agencies has been finalised.
A statement by Muyiwa Akande, Corporate Affairs Manager of SIFAX GROUP disclosed that Sky Capital and Financial Allied International Limited will also oversee the management of the commercial banks, recently acquired in The Gambia and Sierra Leone by the Group.
Adekunle Oyinloye, Group managing director, SIFAX Group, said the decision to invest in the financial sector was part of the company’s ongoing restructuring and strategic growth planning, aimed at diversifying the investment portfolio of the organisation.
To drive this new business, the Group has appointed Olubukola Abitoye, a seasoned banker and financial strategist, as the general manager of the company.
Abitoye, who has worked at Skye Bank Plc, Stanbic IBTC Bank, United Bank for Africa and Keystone Bank Limited, holds a Master’s degree in Business Administration from Charisma University, Turks and Caicos Island, North America and a Bachelor’s degree in Management and Accounting from Obafemi Awolowo University Ile-Ife, Osun State.
She is an associate member of the Nigerian Institute of Management (NIM) and Institute of Chartered Accountants of Nigeria (ICAN).
AMAKA ANAGOR-EWUZIE
