Dayo Obisan, former executive director of Operations at the Securities and Exchange Commission (SEC), has been appointed as a board member at Canary Point Holdings.Â
Obisan is joined by Iyinoluwa Aboyeji, co-founder of Andela and Flutterwave, who brings significant experience in fintech innovation and entrepreneurship. Both appointees have been formally inducted into their positions.
In a statement released on Monday, the company emphasised that Obisan brings extensive regulatory and operational expertise to his new role.
Group Board Chairman Kayode Lambo, stated that the new board members have been equipped with the necessary information and tools to make informed, strategic decisions.
“The new board members are expected to bring valuable experience and innovation, particularly in the fintech space, aligning with Canary Point’s vision to integrate fintech and its components into their products and services,” Lambo said.
Group Managing Director, Idris Ibrahim, outlined the company’s aspirations to grow in revenue and assets, with a long-term goal of listing on the Nigerian Exchange Group (NGX) and acquiring a commercial banking license.
The company has an ambitious five-year strategic plan aimed at restructuring its operations to enhance productivity and profitability, ultimately evolving into a full-fledged commercial bank.
Emmanuel Bassey, Managing Director of Assets Microfinance Bank, highlighted that the appointments will help the company focus on creating tailored and innovative digital financial products catering to grassroots clients and SMEs.
Canary Point Holdings operates through three key subsidiaries: Assets Microfinance Bank Limited, which provides microfinance services to individuals and small businesses; Canary Point Finance Limited, which offers a range of financial solutions for high-net-worth individuals (HNI) and institutions, including loans and investment opportunities; and Canary Point Capital Limited, which specialises in investment banking services across various asset classes and industries.
