LAPO Microfinance Bank gets TETF merit award

LAPO Microfinance Bank (MfB) has received a merit award from the Tertiary Education Trust Fund (TETfund) in recognition of the bank’s contributions to the development of tertiary education through its diligent remittances of taxes.

In spite of the various socio-economic challenges, LAPO has remained faithful to its values of integrity across and the award is a testament to its genuine quest for social and economic empowerment of Nigerians, the bank said.

Receiving the award, Oluremi Akande, head, communications and branding, said “We believe strongly that access to quality education is a collective responsibility of both state and non-state actors”.

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He said LAPO MfB shall continue to impact society in a responsible manner; especially knowing that its tax remittance is directly or indirectly helping to bridge the human capital deficit and contributing to national development.

“We enjoin all stakeholders to take advantage of the TETfund tax remittance for the great good,” Akande said.

LAPO Microfinance Bank is a pro-poor financial institution committed to the social and economic empowerment of low-income households through the provision of access to responsive financial services on a sustainable basis. The Institution was established in the late 1980s as a Non-Governmental Organization (NGO) by Godwin Ehigiamusoe PhD in response to the effects of the implementation of the Structural Adjustment Programme (SAP) in 1986.

In 2010, LAPO MfB obtained the approval of the Central Bank of Nigeria (CBN) to operate as a state microfinance bank and in 2012, it got approval as a national microfinance bank. Over the years, LAPO MfB has emerged as a leading institution delivering a range of financial services to millions of people in and outside 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.