Who We Are
Ipapo Microfinance Bank Limited, started Operation as a Community bank Incorporated and Licensed carry out Community banking on 24th June, 1994.
The Bank operated for several years successfully as a Community Bank until the CBN community bank reform of 2006 when the bank decided to transform unto a Microfinance Bank and obtained Licensed on 29th July, 2009.
Ipapo Microfinance was registered in Nigeria under the Provisions of the Companies and Allied Matters Act CAP C20 LFN 2004 with registration number RC 255354.
Vision
To contribute to the transformation of our rural economy through provision of Financial Services.
Core Values
Meet Our Team
Ipapo Microfinance Bank is governed by a team of seasoned professionals and community leaders dedicated to financial inclusion and economic empowerment.
Ipapo Microfinance Bank is governed by a team of seasoned professionals and community leaders dedicated to financial inclusion and economic empowerment.
Chairman
Dr Adepoju Adeola
Director
Atunbi Jemiriye Olaniyi
Director
Mr Aliu Adeyemo
Director
Alh. Jimoh Popoola Adebayo
Director
Alh. Mufutau Azeez
Managing Director
Mr Ogundeyibi Oladele
The Executive Committee comprises experienced professionals committed to driving financial inclusion and operational excellence
Managing Director
Mr Ogundeyibi Oladele
He was appointed to this role July 2022, after serving as the Head of internal Control. He has extensive experience in banking Operation, Marketing and Auditing. He Holds a B.Sc, M.Sc and CIBN (MCP)
Head of Internal Control and Compliance Officer
Salaudeen Mulikat Folasade
She was Head of Credit before she was appointed to the position of Head of Internal Control and Compliance. She holds HND in Accountancy and CIBN (MCP).
Head of Operation
Salau Isiaka Olalere
Isiaka O. Salau was employed as head of I.T. and worked at various departments before he was appointed as Head of Operation at Ipapo Microfinance Bank since May 2nd 2022. He holds HND and CIBN (MCP).
Head of Credit
Ayansola Samson Ayanniyi
He was employed to Ipapo Microfinance Bank as a Clerical Officer and worked as utility staff before he was appointed to the position of Head of Credit. Presently, he is the Head of Credit of Ipapo Microfinance Bank. He holds B. Sc in accounting, and CIBN (MCP).
Board of Directors: Provides strategic oversight and ensures compliance with CBN and NDIC regulations
Board Committees: Audit, Credit, and Risk & Compliance Committees strengthen governance and risk management
Executive Management: Executes strategy and ensures operational efficiency with ethical standards
Compliance with CBN, NDIC, AML/CFT, and Data Protection regulations
Transparency and timely disclosures
Accountability in roles and responsibilities
Proactive risk management
Code of Corporate Governance
Board Diversity & Appointment Policy
Compliance and Risk Management Policies
Whistleblowing Policy
Business Continuity Policy
Strict limits and Board approvals for insider loans
Disclosure of related party transactions, handled at arm’s length
Compliant with Nigeria Data Protection Act (NDPA) and CBN guidelines
Collects only necessary personal and financial data for services
Ensures secure data handling, customer rights (access, correction, deletion), and lawful processing
No sale of personal data; limited sharing with regulators and trusted service providers
Strong data security, retention, and international transfer safeguards
Bank with Us
Start today — Your financial future begins with a single step.
