BOARD OF DIRECTORS

OUR
DIRECTORS


The collective experiences of our Directors gives the bank its business compass.

ALHAJI ABDUL AZEEZ BAKARE

Chairman

Alhaji Bakare hails from Ikare Akoko, Ondo State. He was born on 30th June 1954. He attended Major Commercial College Osogbo, and later got a BSc and MSc in Banking and Finance from the University of Lagos, and the University of Ibadan, respectively.

Alhaji Bakare is a fellow of the Chartered Institute of Bankers Nigeria, the Institute of Chartered Accountant of Nigeria, and the Nigeria Institute of Management. He is also an associate member Chartered Institute of Taxation Nigeria. He was a Branch Manager at Cooperative Bank Plc (1982-1989), Acting General Manager at Commercial Trust Bank Ltd (1990-1991), General Manager Triumph Merchant Bank Ltd (1992-1999), Executive Director Finance and Administration at Cooperative Bank Plc (1999-2003).

He retired from active service to establish Bakare $ Co, where he is the Principal Partner. He was appointed a Director of Newage Microfinance Bank Ltd on the 15th January 2008. Alhaji Bakare is married with children.

MR. LATEEF TITILAYO BALOGUN

Director

Mr Balogun was born at Ikare Akoko on the 1st January 1950. He attended St Jude Africa Church Primary School, Ikare (1956-1961), Akoko Anglican Grammar school and Aquinas College Akure (1962-1969).

Mr. Balogun got a BSc in accounting at the University of Lagos (1970-1973). He was trained at Peat Marwick’s Scanselton Elliot. In 1995, he was a senior accountant at Western Nigeria Broadcasting Cooperation and Acting Controller at Ogun State Broadcasting Corporation. He also worked with Lever Brothers Plc as Cost Manager (1982).

Mr. Balogun worked at various department of Mobil Producing Nigeria Unlimited Lagos between 1983-2006. After retirement, Mr. Balogun was appointed as a Director at Newage Microfinance Nig Ltd in 2008. He is married with children.

ALHAJI WAHAB IBITOYE

Director

Alhaji Ibitoye was born on the 23rd of August 1948 at Ikare Akoko. He attended L.A primary school Ilepa Ikare Akoko (1955-1960), and Victory College Ikare (1965 1969).

He joined Ondo State Teaching Service Commission from 1970-1972, after which he worked with National Bank of Nigeria Ltd (1973-1994). He became a Manager of Ikare Community Bank between 1995-2008.

Alhaji Ibitoye was appointed as a Director of Newage MFB Nig Ltd on 15th June 2007.

PRINCE CONRAD ADEWALE LATUNDE

Director

Prince Latunde was born 29th May 1970 in New York USA. He had all his educational qualifications in United States of America (Primary, Secondary and University).

He is a Director and Senior Executive in three major companies, L’cas Global LLC and L’cas and Sons Integrated Services, Castlat (Nig) LTD. Prince Latunde is a Project Management Professional.

He was appointed as a Director of Newage MFB NIG LTD on the 14th Febuary 2011. He is married with children.

ALHAJI BRAIMOH AMODU SEMUSEMU

Director

Alhaji Braimoh was born on the 3rd May 1933 at Okela Street, Ikare, Akoko. Alhaji Braimoh attended Abadiya Arabic school Ikare, Akoko between 1940-1946. He was an Arabic teacher at Ansarudeen Primary School, Irun, Akoko between 1947-1952.

In 1953, he ventured into trading in clothes and kolanut in the Northern part of Nigeria. He became Chief Executive and Managing Director of Semusemu Royal Hotel, Ikare, Akoko since 2005 up to date. He managed one of the largest sawmill factory in Akoko land.

He was appointed as a Director in the Bank on 15th January 2008. Alhaji Braimoh is married with children.

MR. SOLOMON LANRE ADESIYAN

Managing Director

Mr. Adesiyan graduated from Olabisi Onabanjo University with BSC in Banking and Finance. He is an Associate Member of Institute of Loans and Risk Management and hold Microfinance Certified Institute of Bankers.

He started his Banking career in 1992 with Savannah Bank, He was appointed as the Managing Director at Akesan Microfinance Bank. In 2008 and presently Managing Director of Newage Microfinance Bank since 2010. In the course of the job, He has attained various in-house trainings and courses organized by consultants, Central bank of Nigeria (CBN) and Nigeria Deposit Insurance corporation (NDIC). His experience will be an Assets to the Bank.