About Us

Global Initiative Microfinance Bank Ltd was incorporated on the December, 2009. It plays an important role in widening the finance options available to MSMEs (Micro, Small and Medium Enterprises) by providing finance for their businesses through value added products and services. Because we are committed to generating value and building relationships with our customers, we stay closely connected to the communities in which we operate and offer trader support for MSMEs; connecting customers to opportunities, enabling businesses to thrive and ultimately, improving the living conditions of everyday people. Our aim is to be acknowledged as a one stop shop for financial services pushing boundaries to increasing access to finance for MSMEs and individuals through our diverse business mix comprising of Core banking and Insurance.

What we Do

The Microfinance bank was set up to help smaller businesses that would ordinarily not be able to get essential support from conventional banks, to access the finance they need to grow their business, ultimately providing a means of livelihood for their household, reducing the level of poverty, generating employment as well as providing a fertile ground for wealth creation. Global Initiative Microfinance Bank Ltd provides savings schemes, small loans, big loan and business ideas for those in need of it. We make use of a modern, hybrid form of savings and credit based microfinance that relies on local partners, enterprising clients, and an innovative use of technology.

Our Focus

To be One of The Best Financial Institution in Africa

Vision Statement

To become the leading global MFB institution by providing Financial services to more than 100,000 clients annually while operating in the highest commercial principles of performance, transparency and sustainability.

Mission Statement

To provide financial services to Nigeria’s lowest income entrepreneur so that they can create jobs, build assets and improve their standard of living.

Core Value

Integrity: 

We adhere to the highest ethical standard; employing fairness, probity and mutual respect in all we do.

Customer Service:

We actively seek to understand our customer's circumstances, problems, expectations and needs with the aim of delighting and surpassing their expectations in our service delivery

Leadership: 

We are committed to an attitude and culture of positively influencing the environment around us both as an organization and individually through our people.

Innovation:

Ours is a creative team determined to generate new products, services and processes that lead to new dimensions of performance and value creation for all our stakeholders.

Teamwork:

We collaborate with all our stakeholders by effectively interacting and proactively building effective and value adding relationships to achieve our shared goals

Board of Director

  • placeholder image

    MRS.ADENIKE K. SHITTU - (Acting Chairperson)

    Mrs. Shittu is a banker and renowned businesswoman of many years standing. She held Higher National Diploma (HND) in Secretariat and Management Studies, Post Graduate Diploma and Master of Divinity. She started her working experience in International Bank for West Africa (IBWA) now Mainstreet Bank Limited in 1982. Her sense of vision, leadership qualities and entrepreneurial spirit saw the birth of Monike Nigeria Limited in 1987. A company she is the pioneer Managing Director/CEO till 2002. In search for excellence and exploring new areas of Business growth, she floated Mojoy Investment Company Limited, a software and Hardware company of repute. She is the pioneer MD/CEO since 2002 to date. .Aside the above; she is a Director in Kristo solid Properties and Construction Limited, Axia Educational Services Ltd and Easy Network Digital Nervous Systems.

    placeholder image

    MRS. OLUFOLAKE VALENTINE- WHENSU - (Director)

    Mrs. Valentine -Whensu bagged her Bachelor of Art {B.A (ED)} second class upper, M.ED (Guidance and Counseling) from the University of Lagos and Associate member, Nigerian Institute of Management (Chartered). She is an astute Banker and an erudite Educationist. She has adequate exposure in Banking Operations, Treasury Management and Marketing both at both Retail and Wholesale levels having worked in about four different Money Deposits Banks. She is presently into private practice as an Educationist, Guidance and Counselor. She is on the Board of many companies.She is currently a Director and Chairman, Board Establishment and Disciplinary Committee of Global Initiative Microfinance Bank Ltd.
    placeholder image

    Ms. ESTHER IHUOMA DIKE - (DIRECTOR)

    Ms Dike is a Fellow of the Chartered Institute of Taxation of Nigeria (FCIT) with over 35 years of working experience cutting across banking, public sector and Taxation practice. Her first degree is Town and Regional Planning from Yaba College of Technology, Yaba (now University of Technology, Yaba) and MBA from Edo State University, Ekpoma. Her working experience started with Ministry of Trade and Industry, Benin and then to the defunct New Nigerian Bank Limited (now Unity Bank) where she was exposed to the relationship arrangement of Retail and Wholesale banking . Town Planner Dike is currently the Director and Chairman, Board Audit Committee of Global Initiative Microfinance Bank, Director /Partner Ijewere & co. (Chartered Accountants and Tax Consultants) and Director in so many other companies.
    placeholder image

    MS. FUNKE TITILAYO ADEDEJI - (DIRECTOR)

    Mrs. Funke is an enthusiastic individual, motivated, and dynamic. A creative mind with an eye for detailing, excellent in communication and interpersonal skills demonstrating the ability to work as part of and managing a team or on own initiative. She is a graduate of Obafemi Awolowo University, Bsc in Food Science & Technology. A certificate in Intensive Theory from Barron grove College London, Advance certificate in Council Tax, Housing & welfare Management from Trans-Atlantic College London and Others. Before joining Global Initiative Microfinance Bank as a Director in 2018, she is an entrepreneur who runs her own business amongst which are Darwen Bureau De Change Ltd, KechKay Management Service Ltd London, Emplex Development Services (Contract Manager) London.
  • placeholder image

    DR .VALENTINE OLUSEGUN WHENSU- (MANAGING DIRECTOR/CEO)

    Dr. Whensu is a chartered banker with over 28 years work and business experience which cut across all spheres of banking (wholesale and Retail), Investment, Treasury and Financial services, Credits Portfolio Management, Operations and Advisory Services. His first degree is in Banking and Finance; MSc. In Management Sciences from University of Education, Winneba Ghana; SEMP,LLM in Commercial Law from Prestigious University of Hudders field, U.K and MBA in Strategic Management from Delta State University and PHD from Hill City University, Benin. He holds several professional certificates such as Fellow Chartered Institute of Bankers of Nigeria and Scotland (FCIB), Associate Chartered Institute of Taxation of Nigeria (ACTI), Associate Chartered Institute of Arbitration, UK (ACIrb). A Fellow Chartered Economist Institute of Nigeria (FCE), Member, Energy Institute, UK (MEI); Microfinance Certified Banker of CIBN (MCIB); Fellow, Certified Public Administrator of England and Wales (FCPA). He holds a Doctorate degree in Management Science. He has bagged several awards both locally and internationally on Humanitarian, Academic, Religion and host of others. Currently, he holds the following positions: MD/CEO, Global Initiative Microfinance Bank Limited, Chairman, Joseph Whensu Hope Alive Foundation (JOWHAF), Managing Partner/Chief Consultant, Foretrade Consult Ltd (Tax & Management Consultants), Past Chairman, National Association of Microfinance Banks, Lagos Chapter and Former President National Association Microfinance Bank Ltd.

Management Team

  • placeholder image

    DR .VALENTINE OLUSEGUN WHENSU- (MANAGING DIRECTOR/CEO)

    Dr. Whensu is a chartered banker with over 28 years work and business experience which cut across all spheres of banking (wholesale and Retail), Investment, Treasury and Financial services, Credits Portfolio Management, Operations and Advisory Services. His first degree is in Banking and Finance; MSc. in Management Sciences from University of Education, Winneba Ghana; SEMP,LLM in Commercial Law from Prestigious University of Huddersfield, U.K and MBA in Strategic Management from Delta State University and PhD from Hill City University Benini. He holds several professional certificates such as Fellow Chartered Institute of Bankers of Nigeria and Scotland (FCIB), Associate Chartered Institute of Taxation of Nigeria (ACTI), Associate Chartered Institute of Arbitration, UK (ACIrb). A Fellow Chartered Economist Institute of Nigeria (FCE), Member, Energy Institute,UK (MEI); Microfinance Certified Banker of CIBN (MCIB); Fellow, Certified Public Administrator of England and Wales (FCPA). He holds a Management Science He has bagged several awards both locally and internationally on Humanitarian, Academic, Religion and host of others. Currently, he holds the following positions: MD/CEO, Global Initiative Microfinance Bank Limited, Chairman, Joseph Whensu Hope Alive Foundation (JOWHAF), Managing Partner/Chief Consultant, Foretrade Consult Ltd (Tax & Management Consultants), Past Chairman, National Association of Microfinance Banks, Lagos Chapter and Immediate Past President National Association Microfinance Bank Ltd.

    placeholder image

    MRS. BALOGUN MARIAM TOYIN - (BUSINESS DEVELOPMENT CONSULTANT)

    Balogun Mariam Toyin is a graduate of Osun State Polytechnic with HND Banking &Finance. She Started her Career with Ozde Distilleries from 2002 to 2004 and later joined Chartered Bank PLC, now Stanbic IBTC Bank plc from September 2004 till March 2010, while in Stanbic IBTC Bank she worked in Operations Department as Team Leader, Customer Service. She joined Global Initiative Microfinance Bank Ltd in September, 2010 as the Head of Internal Control & Audit. She is has worked as Head – Operations of the Bank, Head Finance & Admin and presently she is the Business Development Consultant of the Bank. She is MCIB certified.
    placeholder image

    MISS NKECHI EZEANYIKA - (HEAD OPERATIONS)

    Ms Ezeaanyika Christana Nkechi is a graduate of Imo State University Owerri with Bsc Public Administration. Before joining Global Initiative MFB in April 2012, she has worked with Hygeia H.M.O for a short period of 3 months. Nkechi started her banking career at Global Initiative MFB as a Customer Service Officer and currently she is the Head of Operation. She is MCIB certified.
    placeholder image

    MR. BANKOLE AGBABO – (HEAD, FINANCE AND ADMIN)

    Mr. Bankole Agbabo is a graduate of Yaba College Technology(Yabatech) Accounting. Before joining Global Initiative Microfinance Bank in may 2023, Bankole had previously worked with Spec Digital Company Ltd as an account officer from July 2012 to November 2015. He joined MTN Nigeria Ltd as an Online Customer Care Agent from September 2016 to January 2018, from where he move to Taki International Company Ltd (A trading company)as a group Accountant from July 2018 to march 2023 He joined Global Initiative MFB as a Head, Finance & Admin. He is a student member of Institute of Chartered Accountant of Nigeria (ICAN) and holds Certificate of Excellence In Human resource and leadership.
  • placeholder image

    MR. OLAWOMO JAMES LAWAL - (HEAD, INTERNAL AUDIT AND CONTROL)

    Mr. Olawomo James Lawal is a graduate of University of Lagos (UNILAG) Business Administration. Before joining Global Initiative Microfinance Bank in January 2023, James had previously worked with Vigab Bureau De Change Ltd as Administrator 2011-2015. He joined BVL Logistics Ltd as an Accountant 2016-2017 from where he returned to work with Hollandpark Bureau De Change Ltd 2017- 2019 as a Compliance officer. He joined Global Initiative MFB as a Head of Internal Audit, Control and Loan Monitoring Unit.

    placeholder image

    MR. KINGSLEY AKABUSI - (HEAD, CREDIT AND MARKETING)

    Mr. Kingsley Akabusi is a B.sc Holder in Industrial Mathematics at University of Benin. During his NYSC, he worked as Corp Liasing Officer (CLO) in 2006 - 2007 service year. Before joining Global Initiative Microfinace Bank in August 2023, Kinglsley had previoously work with Lasaco Life Assurance Agency as Assistant Unit Manager 2008 - 2012, He join Kano Concept Enterprise as Assistant Manager in 2012 - 2017, He join Burham Logistics as Supervisor 2017 - 2022. He joined Global Initiative MFB as Head of Credit and Marketing

    placeholder image

    MR. SODIQ OLAITAN ALAUSA - (HEAD, ICT)

    Mr. Sodiq Olaitan Alausa is a graduate of Kwara State Polytechnic in Computer Science. Before joining Global Initiative Microfinance Bank in November 2023, Sodiq had previously work with Springlife Insurance Ltd as Data Entry Officer / IT Officer 2008 - 2012. He join Deeking Media Ltd as Computer Engineer / Graphic Designer 2013 - 2018. He join Taofik Humanitarian Assistant Foundation as Computer Instructor / Head, ICT 2018 - 2020. He join Ladel Communication as Website Developer 2020 - 2023. He joined Global Initiative MFB as a Head ICT. He is ICT Certified.