Unilag Microfinance Bank was duly registered in April 2020 with the Corporate Affairs Commission (CAC) and was licensed by the Central Bank of Nigeria to operate as a microfinance bank in February 2021. The Bank is a conception of the University of Lagos Management championed by the erudite Vice chancellor, Professor Oluwatoyin Ogundipe.
The focus of the Bank is to provide microfinance banking services to individuals and businesses within the University of Lagos environment as well as small and medium scale enterprises beyond. Unilag Microfinance Bank has made appreciable investments in technology with a view to being a leading digital bank in Nigeria.
With sufficient capital base and experienced team of board members and management, the Bank is positioned to deliver effective and efficient banking services targeted at the young and the middle class without prejudice to the elites.
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