LAPO MFB Launches Agent Banking System

In a bid to improve financial inclusion in Nigeria, LAPO MfB is set to pilot the first phase of the Agent Banking service. The service would take off in the first week of October across ten states in Nigeria.

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LAPO MfB Wins BusinessDay Annual Banking Award

LAPO Microfinance Bank emerged the ‘Best Microfinance Bank of the Year’ for the third time in a row at the 2016 Business Day Annual Banking Awards  in Lagos. 
LAPO Microfinance Bank was adjudged winner based on her innovative financial services to the unbanked and under-banked sector of the Nigerian population especially in the rural areas without the presence of financial institutions.  

According to BusinessDay, “
LAPO Microfinance Bank’s nomination followed a rigorous process where several parameters were considered by the award team. LAPO Microfinance Bank outperformed its competitors in this category thus clinching the much coveted award.” 
The Managing Director, Dr. Godwin Ehigiamusoe noted that “this award serves as a motivation to come up with more innovative ways of reaching out to small and medium scale business owners as well as the under-banked sector of the economy.” He acknowledged the visionary leadership of the Board and the contributions of LAPOstaff as a driving force.