Accion Microfinance Bank show strength after 10 years


October 11, 2017 | 12:35 am
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In an era where many Microfinance Banks have floundered, Accion Microfinance Bank limited has achieved a decade of steadily building lives of Nigerians, providing easy access to financial products and services, giving them a brighter future.

The bank recently celebrated its 10th anniversary with several events including a financial inclusion seminar, a dinner gala event to say thank you to its customers and outgoing managing director/CEO, Bunmi Lawson, donation of 5,000 school bags to children in communities where Accion MfB branches are located,  Accion staff sports tournament, customer forums, amongst others..

Accion Microfinance Bank was incorporated in May 2006 and began banking operations at Oke-Arin in May 2007, with one branch embedded in one of Ecobank’s branches at Oke Arin and equipped with less than 20 staff. With their winning model of providing financial services to micro and small scale entrepreneurs they quickly became the darling of entrepreneurs in the Lagos area, and by August 2008, they had opened three more branches at Ogba, Idumagbo and Pen Cinema. To date, Accion Microfinance Bank has presence in over 50 locations in seven states in Nigeria, Lagos, Ogun, Oyo, Anambra, Rivers, Abia and Delta State., and are committed to delivering innovative and robust solutions to meet its customers needs.

According to Patrick Akinwuntan, Chairman of the board of directors, Accion Microfinance Bank, “Our success over the years is due to several factors, chief of which is the strong support of the board of directors, committed and dedicated management and Staff to move Accion Microfinance Bank to be the number one Microfinance Bank in Nigeria, .  This celebration is a testament to their willingness to work hard to see the bank progress  and because of their dedication, our customers know that we are committed to supporting them, whether they are based in Ariaria Market, or in Sango Otta. Another is the robustness of the products that we design and provide for our customers, all these are a testament to the trust customers repose in us”.

Concerning plans for the next decade, the managing director/CEO designate, Taiwo Joda further stated, “We have developed several digital products to drive Financial Inclusion even further amongst the unbanked, making it even easier for them to open accounts from the comfort of their homes. We will focus on digital solutions that add convenience and easy access to the customer to ensure that they have all the tools available to build their lives and have a brighter future”.

The pioneer managing director of the Bank, Bunmi Lawson, expressed gratitude to Almighty God for seeing the bank through the myriad of issues in the Nigerian Financial Sector.

“I recall my first day we were seated in a small office shared with 5 other staff, planning for the commencement of operations of this Bank amongst the first licensed bank in Nigeria. It has been a journey of accomplishments and striving to overcome challenges thrown by the economic and business environment of Nigeria.  Yet we strove on and I am grateful for the team of staff, management and Board members we had to guide us through.  Accion Microfinance Bank today remains a strong growing and expanding Bank”, Lawson said.



October 11, 2017 | 12:35 am
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