Premium Microfinance Bank
Premium Microfinance Bank Limited was incorporated as a wholly indigenous limited liability company on 8th day of January 2008, upon the grant of an approval-in-principle by the Central Bank of Nigeria on the 30th of July 2006. The bank got its final approval to operate as a microfinance bank on the 13th day of March 2008 with an authorized share capital of N50 Million divided into 50 million ordinary shares of N1.00 each. The authorized share capital is billed to be increased immediately to N250 Million to accommodate the expected stake holder of the bank.
The bank is the brain child of some distinguished and seasoned professionals whose aim is geared towards empowering the lower class or the active poor, who previously were without access to financial services. However our aim is not streamlined to bridging the gap alone or in money making but also to give them loans at a very competitive interest rate thereby empowering them.
Premium Microfinance Bank Limited recognizes the importance of partnering with our clients not just to give loans but giving them technical assistance and training them to ensure that they succeed in the venture they are going into. In Premium Micro finance Bank Limited we believe that banking is based on trust, integrity and allegiance: we demonstrate these in all aspects of our operations as will be evident in your relationship with our bank.
Board of Directors
Alabo T.O. Graham-Douglas
He is the Chairman of the bank. He graduated from the University of Lagos before joining public service where he excelled meritoriously. He was the Administrative Manager of NPRC in 1970, Chairman Pabod Finance and Investment Corporation 1974, Chairman Delta Hotels Limited 1976, Chairman Togiscani Nigeria Limited. In 1986 he became Rivers State Commissioner for Culture and Tourism, Minister of Sports in 1988 and moved to the Ministry of Aviation a year later. Between 1992 and 1999, he served as Chairman of IPCO Nigeria Limited. Between 1999 and 2001 he again served as Minister in the Ministries of Labour & Productivity and Culture & Tourism.
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John Osemekhian Otaigbe (Ph.D)
John Otaigbe is a Director of the bank. He hails from Edo State and attended the University of Lagos where he obtained the B.Sc (Hons) in Chemistry in the First Class category in 1979. Upon completion of his National Youth Service Corps Scheme in 1980, he proceeded in 1981 to the University of Manchester Institute of Science & Technology, (UMIST) in England to undertake a postgraduate research leading to the award of the degree of Doctor of Philosophy. In 1984, he obtained a Ph.D degree in Polymer Chemistry as his area of specialization. He is currently an Associate Professor of Chemistry in the University of Port Harcourt. He is married with 3 (three) children. |
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Mr. Stanley Ndudi Urakpo (B.Sc, M.Sc, MBA)
He is the Managing Director of the bank. Until April 2007, he worked as the Branch Operations Manager, Standard Chartered Bank. Prior to this, he started his banking career in 1996 with FSB International Bank (now Fidelity Bank Plc) rising to the position of Branch Operations Manager. Mr. Urakpo obtained his first degree in Finance and Banking from the University of Port Harcourt in 1994, an MBA from the ESUT Business School and an MSc in International Business and Management from the University of Bedfordshire, England |
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Mrs. Amina (Agatha) A.M. Koko (B.Sc, PGD)
Mrs. Koko is a Director of the bank. She holds a Bachelors Degree in Geography from the Bayero University, Kano and a certificate in computer science. Between 1999 and 2005 she worked in different capacities in the operations department of Platinum Bank Limited (now Platinum Habib Bank Plc) both in Warri and Port Harcourt. She is actively into business and currently the Managing Director / CEO of Amrol Global Nigeria Limited, a telecommunications outfit with head office in Port Harcourt. |
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Musa Ahmadu Kida (B.Eng)
Musa Kida is a Director of the bank. He holds a Bachelors Degree in Civil Engineering from the Ahmadu Bello University Zaria and a Post Graduate Certificate from the Institut Francais du Petrole, Paris France. He joined Elf Petroleum Nigeria Limited in 1985 as a Trainee Engineer and has worked both in Nigeria and seconded for International assignments in France rising to his current position as the JV-Offshore Asset, Field Operations Manager Elf Petroleum Nigeria Limited – Total Upstream, Port Harcourt. He is a professional member of Nigerian Institute of Management, Society of Petroleum Engineers International, Institute of Petroleum UK, Nigerian Society of Engineers, and International Who’s Who of Professionals. He plays basketball and he is currently the Chairman Rivers State Basket Ball Association. He is married with 3 children. |
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Mr. Victor Okhaimo (HND, PGD)
Victor Okhaimo is an Executive Director of the bank. He started his career as an Investment Banker with Associated Discount House Limited (ADHL) before venturing into commercial banking where he worked in the Credit and Marketing Departments of Reliance, Intercontinental and Zenith Banks rising to the position of an Assistant Manager. He left the Department of Accountancy, Auchi Polytechnic Auchi in 1999 graduating as the best student. He is a student member of the Institute of Chartered Accountants of Nigeria (ICAN). He also holds a Post Graduate Diploma (PGD) in Business Management. He is married with a son. |
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