LAPO Microfinance Bank Wins Big at the 4th Edition of the Development Bank of Nigeria’s Service Ambassadors Award

LAPO Microfinance Bank Limited  (LAPO MFB) emerged as the star awards winner at the 4th edition of the Service Ambassadors Award, organised  by the Development Bank of Nigeria (DBN) at the Civic Centre in Lagos. The event, which celebrates financial institutions demonstrating exceptional service and impact in the Micro, Small, and Medium Enterprises (MSMEs) sector in Nigeria, saw LAPO MFB winning multiple awards, reaffirming its position as a leader in the microfinance sub-sectot .

LAPO MFB was honored with the DBN MFB Award for the Highest Impact on MSMEs in Nigeria, recognizing the bank’s exceptional efforts in providing financial support and driving economic growth for small businesses across the country.

Additionally, LAPO MFB received the DBN MFB Award for the Highest Impact in DBN Focus States, highlighting its significant contributions to the economic empowerment of states prioritized by DBN.

The bank further solidified its impact with the DBN MFB Award for the Highest Impact on the South-South Zone, acknowledging its remarkable efforts in fostering economic development and financial inclusion in the South-South region of Nigeria.

Dr. Tony Okpanachi, Managing Director/CEO of the Development Bank of Nigeria, commended LAPO MFB for its dedication to sustainable development and its innovative approach to MSME financing. He noted that the bank’s success is a testament to its unwavering commitment to excellence and collaboration within the financial ecosystem.

“We are proud to recognize LAPO Microfinance Bank for its outstanding contributions to the MSME sector in Nigeria,” said Dr. Okpanachi. “Their efforts have not only supported the growth of small businesses but have also significantly impacted the economic development of focus states and regions across the country.”

Oluremi Akande, Director of Marketing and Corporate Communications at LAPO Microfinance Bank, expressed gratitude for the recognition and reiterated the bank’s commitment to fostering economic empowerment through accessible and affordable financial services.

“We are immensely proud to receive these awards  from the Development Bank of Nigeria,” said Akande. “These  awards  are testaments to the hard work and dedication of our team, as well as our relentless pursuit of excellence in providing financial solutions that meet the needs of underserved communities. We will continue to drive innovation and expand our reach to uplift more Nigerians out of poverty.”

This recognition from the Development Bank of Nigeria not only highlights LAPO Microfinance Bank’s achievements but also sets a new benchmark for excellence in the microfinance sub-sector . LAPO Microfinance Bank looks forward to furthering its partnerships and expanding its services to create a more inclusive and prosperous Nigeria.

About LAPO Microfinance Bank:

• LAPO Microfinance Bank is a leading microfinance institution in Nigeria dedicated to providing value-driven financial services to low-income households and owners of  micro, small, and medium enterprises (MSMEs). With a strong focus on social impact and economic empowerment, LAPO Microfinance Bank offers a range of financial products, including micro-loans, savings and social impact  are  designed to meet the unique needs of its clients in the most sustainable manner..

 

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