LAPO Microfinance Bank on Tuesday, announced the appointment of Godwin Ehigiamusoe, as chairman of its Board of Directors, after retiring as the managing director of the bank in 2019.
According to CBN guidelines, after serving as managing director/CEO, an individual must observe a three-year cooling-off period before being eligible to become the Chairman of the same bank.
Ehigiamusoe succeeds Osaretin Demuren, who provided excellent leadership for the institution particularly in consolidating the microfinance bank’s leadership position in the sub-financial sector.
He brings into the position his rich experience and institutional memory that will be of immense benefits to LAPO Microfinance Bank and national financial inclusion efforts.
Ehigiamusoe is an acknowledged microfinance practitioner who has for over three decades pioneered several initiatives that have contributed to the expansion of the frontiers of finance in Nigeria and beyond.
In the late 1980’s, he initiated Lift Above Poverty Organization (LAPO) as a non-governmental response to the spike in poverty as a result of the implementation of the Structural Adjustment Programme-SAP. LAPO has evolved into a number of mutually reinforcing institutions in microfinance, healthcare; insurance, micro-leasing; technology and agriculture.
He earned a doctorate in policy and development studies with emphasis on policy instrument and financial inclusion. He is a chartered microfinance banker, and Fellow, Chartered Institute of Bankers of Nigeria.
Ehigiamusoe sees his appointment as an opportunity to build on the achievements of LAPO Microfinance Bank and contribute to deepening financial inclusion.
Join BusinessDay whatsapp Channel, to stay up to date
Open In Whatsapp
