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Fintech Association of Nigeria Appoints New Board of Trustees

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Last updated on September 11th, 2020 at 10:35 pm

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The Fintech Association of Nigeria has appointed new board of Trustees in other to achieve its 3 year strategic plan for a better Fintech ecosystem in Nigeria.

The Association will continue to implement its three (3) year strategic plan (2019 – 2021) aimed at growing its capacity to be of great benefit to all its stakeholders. 

Fintech Association of Nigeria has announced the apointment of new Board of Trustees to establish a new and sustainable funding sources for the Association and the Fintech industry.

In other to achieve its objects, these eminent Nigerians have been appointed to the Board of Trustees:

  • Dr Segun Aina OFR, currently President, Fintech Association of Nigeria, Africa Fintech Network and Chairman, Odua Investment Co Ltd.
  • Dr. Tunde Lemo OFR– Chairman, Flutterwave Ltd, Lambert Capital Ltd and former Deputy Governor of the Central Bank of Nigeria.
  • Mr. Kyari Bukar – Chairman, SUNU Assurances Nigeria Plc and former Chairman, Nigeria Economic Summit Group.
  • Ms. Mary Uduk – Ag. Director-General, Securities & Exchange Commission SEC.
  • Ms. Funke Opeke – Managing Director/CEO, Main One Cable Co,
  • Mr. John Obaro – Managing Director/CEO, SystemSpecs Remita Limited and currently a member of Governing Council of Fintech Association of Nigeria.
  • Mrs. Bola Adesola – Snr. Vice-Chairman, Africa, Standard Chartered Bank and co Vice-Chair, United Nations Global Compact

They will help in covering up lapses, providing guidance and support alongside the Governing Council in other to achieve the objectives of the Association.

Read Also: Final Report of the Fintech Roadmap Accepted by the Nigeria Capital Markets Says Cryptocurrencies is not a Currency But Commodities or Securities.

According to the President of the Association, Dr Segun Aina 

“FintechNGR which I have been privileged to promote and nurture with others has in its 3 years of existence made tremendous impact and contributions to Nigeria and Africa fintech ecosystem and the national economies focusing on its three main objectives to Accelerate, Advocate and Connect. 

“The addition of these eminent and accomplished personalities and industry leaders will no doubt propel the growth and increased relevance of the Association. 

“With this development, John Obaro and I will be leaving the Governing Council as Member and President of the Association respectively at the next Annual General Meeting coming up later in the year as we will not be presenting ourselves for reelection to the Governing Council.”

Funke Opeke also said, 

“ I am honoured to serve as a member of the Board of Trustees of the Fintech Association of Nigeria and look forward to the opportunity to add value to the organization along with other distinguished professionals of high repute.” 

Bukar Kyari also commented 

“I am pleased to accept my nomination to the Board of Trustees of the Association and I am looking forward to being able to contribute to the growth of fintech in the country.”

Another top member of the association Mr Tunde Lemo remarked,

“I will bring to bear my knowledge, expertise and experience in the discharge of my duties and look forward to working with other members of the Board towards the growth and development of our Association.”

FintechNGR is a professional, self-regulatory, not-for-profit and non-political organization, the Founding member of Africa Fintech Network with partnerships across all continents. 

The Association connects with key Fintech stakeholders across the globe to speed up continuous growth of the Fintech Industry. 

They advocate on key elements of fintech through its diverse membership base that cuts across thirteen sectors of the economy. 

At present, the organization has 130 (one hundred and thirty) corporate members including several incumbent and startup fintech companies, 15 (fifteen) Deposit Money Banks, three leading Microfinance Banks, tech-focused private equity firms, other professional bodies, Universities and Associations, the major law firms and media houses such as ChannelsTV. 

It aims to be the supporting shield for all disruptive technology-driven organizations or individuals in Fintech, Regtech, Blockchain, Tradetech, Insurtech including fintech products for Agritech, Edtech, HealthTech, among others.

Fintech NGR podcasts bi-monthly webinars pointing out various issues affecting the Fintech ecosystem in Nigeria.

They also organizes quarterly Social Meets, and also jointly organize the Nigeria Fintech Week, among others.

Some recent collaborative activities of Fintech Association of Nigeria include:

  • Central Bank of Nigeria – involved in FSS2020 strategic process on Fintech Regulation/Bills as well as the PSV2030 document.
  • National Insurance Commission – engagements towards insurance inclusion with technology
  • National Assembly – Proposal of Fintech Regulation Bills amongst others
  • Capital Market Committee – Proposed, secured approval and chairing the committee on Fintech Adoption in the Capital Market
  • Securities & Exchange Commission – empowerment of staff with Fintech knowledge – Fintech Learning Series
  • Nigerian Stock Exchange – engagement on exposing budding Fintechs/SMEs to funding opportunities, corporate governance and best practice, potential listing on the Exchange.
  • Judiciary – Fintech Learning Series with the Judges of Federal High Court & Justices of Federal Court of Appeal in collaboration with NDIC.

About Fintech Association of Nigeria:

Fintech Association of Nigeria was established in 2017 to help create an ecosystem that supports all stakeholders to achieve a thriving and growing Nigerian FinTech industry.  

They aim to make Nigeria one of the world’s leading markets for FinTech Innovation and Investment.

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By Tony Chimdiuto

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