LAPO MfB gets ISO 27001 certification for adherence to standards

LAPO MfB, a microfinance bank in Nigeria, gets ISO 27001:2013 certification for Information Security Management by Professional Evaluation Certification Board (PECB).

The ISO 27001:2013 of the International Organisation for Standardisation (ISO) standard specifies the requirements for establishing, implementing, maintaining, and continually improving an Information Security Management System (ISMS) within the organisation.

The certification is a testimony to LAPO Microfinance Bank’s commitment and adherence to the highest standards in information security management.

Speaking on the certification, the bank’s Managing Director, Godwin Ehigiamusoe noted that the certification is a reflection of LAPO’s philosophy of best practice in data security and protection especially of its customers.

LAPO Microfinance Bank limited on Friday announced the appointment of Cynthia Ikponmwosa as the new managing director designate of the premium bank.

She succeeds Godwin Ehigiamusoe, founder/CEO, Lift Above Poverty Organisation and LAPO microfinance bank, who has just retired based on personal decision.

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Ede Osayande, chairman, describes Ikponmwosa as the foundation member of the LAPO story in its commitment to social and economic empowerment of the members of low income household.

He noted that the board has absolute confidence in Ikponmwosa’s capacity to build on the accomplishments of the bank.

Osayande added that Ikponmwosa, in the new position will be offered all the necessary support needed to deliver value to all stakeholders.

Ikponmwosa joined Lift Above Poverty Organisation (LAPO NGO) the precursor of LAPO Microfinance Bank in 2001 as a Senior Programme Officer and has played several key roles within the Group. She provided leadership for the transformation of LAPO into a regulated microfinance bank between 2008 and 2010. She led the corporate secretariat and recently as executive director, ED, Corporate Services. She holds a Master of Arts degree in Corporate Governance, University of Hertfordshire, England. Ikponmwosa has attended several senior management development programs.

The appointment is subject to the approval of the Central Bank of 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.