The Chief Executive Officer (CEO) of Renmoney Microfinance Bank Limited, Oluwatobi Boshoro who recently resigned.
The Chief Executive Officer (CEO) of Renmoney Microfinance Bank Limited, Oluwatobi Boshoro who recently resigned.The Chief Executive Officer (CEO) of Renmoney Microfinance Bank Limited, Oluwatobi Boshoro, has resigned from her position just 10 months after her appointment.
The company’s Chairman, Kieran Donnelly, has also stepped down from the role. Renmoney did not disclose the reason for Boshoro’s resignation which came as a surprise to many staff of the organisation, as she took the reins in November last year.
The MD’s resignation was disclosed in a statement signed by the company Secretary, Igbiwi Erhahon, on Tuesday. According to the statement, the Chairman will step down from his position to serve as acting CEO pending the appointment of a substantive managing director.
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During Boshoro’s tenure, Renmoney deepened its penetration in Nigeria by launching mobile centres across the country. The centres were initiated to fast-track financial inclusion and improve lending to individuals and investments in Small and Medium Enterprises (SMEs) in a more convenient way.
It is on record that since its establishment, Renmoney has provided over 200,000 loans to individuals and small businesses in Nigeria, with over N50 billion provided to 140,000 customers. The company has over N170 billion in Fixed Deposit inflows.
Prior to her appointment as the CEO of Renmoney, Tobi had served as the Head, Digital Strategy, Issuing and Service Management at Stanbic IBTC. She also headed Stanbic IBTC’s Electronic Banking and Digital Strategy units at various times, where she was responsible for the digital transformation of the bank.
Between 2008 and 2014, Tobi held senior positions at the Interswitch Group, including Group Head, Issuer Management.
She is an alumnus of the prestigious Harvard Business School, having completed multiple Executive Management programmes, including the General Management Programme in 2013. Tobi also holds an M.Sc. Strategic Marketing from Cranfield University’s School of Management and a BSc. in Economics from Ogun State University.
Samson Oyedeyi
