By Collins Nweze
The Board of Directors of LAPO Microfinance Bank has announced the nomination of Mrs. Cynthia Ikponmwosa as the Managing Director designate of the premium microfinance bank. She succeeds Godwin Ehigiamusoe, Founder/CEO Lift Above Poverty Organisation and LAPO Microfinance Bank Limited.
The appointment is subject to approval of the Central Bank of Nigeria.
Chief Ede Osayande, chairman, LAPO Microfinance Bank, describes Mrs. Ikponmwosa as a foundation member of the LAPO story in its commitment to social and economic empowerment of the members of low-income households. He noted that the board has absolute confidence in Mrs. Ikponmwosa’s capacity to build on the accomplishments of the Microfinance bank. He added that Mrs. Ikponmwosa, in the new position, will be offered all the necessary support needed to deliver value to all stakeholders.
Mrs. 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, Executive Director, Corporate Services.
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