• Tuesday, July 16, 2024
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VFD Microfinance bank unveils new management team


VFD Microfinance Bank, a leading microfinance institution in Nigeria, is proud to announce the appointment of acting key members to its management team, pending CBN’s confirmation. This strategic move underscores the bank’s commitment to its vision of becoming the number one provider of financial solutions to critical sectors of the economy and the retail segment.

Rotimi Awofisibe, FCA ACIT – Managing Director

Bringing nearly 15 years of extensive experience in finance leadership and sustainable growth, Rotimi Awofisibe is recognized for his deep expertise in financial management, accounting, auditing, taxation, and business analysis. Throughout his career, Rotimi has demonstrated his ability to optimize performance and foster positive stakeholder relationships.

The appointment of Rotimi Awofisibe comes after the exit of Gbenga Omolokun, the erstwhile Managing Director, who is moving on to new pursuits after 3 years with the bank. Gbenga Omolokun led the bank in pursuing laudable initiatives and innovations that have shaped and will continue to shape the bank for many years to come. Gbenga oversaw the implementation of the addition of the new members and will continue in the bank as a Non-Executive Director.

Yonodu Okeugo – General Manager, Business Banking and Partnerships

With over a decade of experience in various commercial roles, Yonodu Okeugo specializes in strategic business development and sales leadership, actively supporting SMEs and startups through business development and strategy advisory services. She holds a Bachelor of Science degree in Business Economics from the American University of Nigeria and a Master of Science degree in International Business from Hult International Business School, Dubai.

Olumide Odewole, CFA – General Manager, Products and Marketing

Olumide Odewole is a strategy, finance and operations integrator with many years of experience across various disciplines and industries. Holding a Bachelor of Science degree in Accounting and recognized as a Chartered Financial Analyst (CFA) and Qualified Accountant, Olumide has excelled in payments, agency banking, and lending. His expertise in driving data–driven business change based on a big–picture perspective will be instrumental in driving the Bank’s product development and management initiatives and market competitiveness.

These appointments also underscore the bank’s commitment to its “Enabling You to Achieve” campaign, which underscores its dedication to fostering economic growth and empowering businesses across various strategic sectors in Nigeria.

Under the guidance of this dynamic management team, VFD Microfinance Bank is poised to advance its A.C.H.I.E.V.E mantra, which represents the bank’s commitment to key sectors crucial for Nigeria’s growth:


A – Agriculture
C – Clean Energy
H – Her / Women
I – Innovation / Tech
E – Education
V – Vehicle / Mobility
E – Entrepreneurship

In line with the A.C.H.I.E.V.E mantra, VFD Microfinance Bank has formed key partnerships to address critical economic challenges in Nigeria. Collaborating with Autochek, the bank offers market-leading financing options to make car ownership more accessible and affordable for businesses and consumers. Through its partnership with Zowasel, the bank supports smallholder farmers by providing affordable credit, promoting sustainable agricultural practices, and aiding 300 farmers to date. Additionally, VFD Microfinance Bank’s collaboration with EduPoint aims to revolutionize education by enhancing access to STEM and digital learning opportunities for Nigerian students.

VFD Microfinance Bank combines digital solutions and flexibility with traditional banking experience to address the financial needs of individuals and businesses. The bank is dedicated to contributing to the growth of the Nigerian economy by empowering businesses across strategic sectors.