The Federal Authorities has hailed the contributions and noteworthy achievements of Africa’s fastest-growing monetary establishment, Moniepoint Inc within the monetary know-how sector, its dedication to advancing monetary inclusion, and its ongoing collaborations with legislation enforcement businesses to fight monetary fraud.
This was acknowledged by the Vice President, Senator Kashim Shettima, when he obtained the Moniepoint’s management workforce led by its Chief Govt Officer, Tosin Eniolorunda, on a courtesy go to on the Presidential Villa. The Moniepoint delegation included, Babatunde Olofin, MD Moniepoint Microfinance Financial institution; Didi Uwemakpan, Vice President, Company Affairs, Moniepoint Inc; Ross Strike, SVP, Investor Relations and M&A; Efemena Ogie, Head of Partnerships; Abdulmumin Tijjani, Regional Supervisor, North West; and Ravi Sharma, Companion, Lightrock International – a worldwide personal fairness and buyers in Moniepoint Inc.
Through the course of the go to, CEO, Moniepoint Inc, Tosin Eniolorunda expressed gratitude to the Vice President for making time to satisfy with the workforce, underscoring the administration’s dedication to digital innovation and monetary inclusion. He emphasised Moniepoint’s dedication to Nigeria’s monetary ecosystem, stating that the fintech big has grown into Africa’s newest unicorn this 12 months, a testomony to its resilience and innovation.
He detailed Moniepoint’s contributions to monetary inclusion, together with offering digital banking options to tens of millions of Nigerians, notably underserved communities, and empowering small and medium-scale enterprises (SMEs). Highlighting their strong collaboration with legislation enforcement businesses such because the Nigeria Police Power, the Nigerian Monetary Intelligence Unit (NFIU), and the Financial and Monetary Crimes Fee (EFCC), Mr. Eniolorunda reiterated Moniepoint’s dedication to utilizing intelligence-driven know-how to struggle monetary fraud and strengthen belief within the digital cost system.
“At Moniepoint, we’re huge believers in driving collaborations throughout your entire eco-system and that is premised on collaboration being the cornerstone of progress. Our engagement right here underscores our intentionality to reinforce authorities to enterprise relationship in a manner that powers the desires of tens of millions of many extra Nigerians. Collectively, we will unlock alternatives, remodel lives, and construct a extra inclusive financial system for all”, Eniolorunda mentioned.
The Vice President congratulated the Moniepoint workforce on attaining unicorn standing, lauding their progressive strategy to leveraging know-how to unravel monetary challenges. He acknowledged the corporate’s spectacular development trajectory, its workforce of over 3,000 staff, and its contribution to the nation’s imaginative and prescient of constructing a $1 trillion financial system.
In his remarks, the Vice President highlighted the variety inside Moniepoint’s workforce, describing it as a “kaleidoscope of colours” and reflecting the fantastic thing about Nigeria’s multicultural and multi-regional id. He was notably happy with the inclusion of people from numerous areas and backgrounds, together with a notable illustration of girls in management and operational roles.
Whereas celebrating Moniepoint’s achievements, the Vice President emphasised the necessity for stronger auditing measures to forestall misuse of the platform, particularly by fraudsters and legal parts. He urged Moniepoint and different fintech platforms to stay vigilant and proactive in addressing these challenges.
He acknowledged the corporate’s spectacular journey over the previous 5 years as Moniepoint and their earlier contributions as a software program options firm for banks, applauding their resilience and innovation.
In closing, the Vice President inspired Moniepoint to proceed increasing its world footprint, referencing his ongoing help for comparable initiatives equivalent to Amal Hassan’s Outsource to Nigeria undertaking. He assured the Moniepoint workforce of his unwavering help, promising to be their “chief promoter” in advancing the model’s visibility on the worldwide stage.
It will likely be recalled that Moniepoint partnered with the Company Affairs Fee to formally onboard over two million companies whereas focusing on 30m companies over the following 5 years. It additionally launched Nigeria’s Casual Financial system Report in July this 12 months, at the side of SMEDAN and the Federal Ministry of Trade, Commerce and Investments to supply a coverage thrust for advancing Nigeria’s casual financial system within the mild of its big contributions to the nation’s GDP.
The courtesy go to marks one other milestone within the partnership between the Nigerian authorities and personal sector innovators like Moniepoint, who’re key gamers within the administration’s drive to construct a strong digital financial system and foster monetary inclusion throughout the nation.
