Richway Microfinance Bank appoints Adenrele Oni as new MD

The Board and Management of Richway Microfinance Bank Limited has announced the appointment of Mr. Adenrele Oni as the Managing Director of the Bank.

Richway Microfinance Bank is a newly-licensed financial institution with focus on providing financial empowerment to those at the base of the economic pyramid and supporting SMEs.

Prior to this appointment, Oni was the Managing Director of FBN Mortgages Limited, a subsidiary of First Bank of Nigeria Limited. He was also at some time, the Chief Representative Officer for FirstBank’s South African office and President South Africa – Nigeria Chamber of Commerce and Industry

He currently serves on the Board of Nigerians in Diaspora Organization in South Africa (NIDO SA). As the Managing Director of Richway Microfinance Bank, his mandate is to position the Bank as a leading microfinance institution in Nigeria.

According to a statement from the Bank, “His track record typifies our bank’s value system hinged on dependability, entrepreneurship, integrity and resilience and the Board has no doubt that Adenrele will make the expected impact in developing a sound foundation for the newly established organization

A Fellow of the Chartered Institute of Taxation of Nigeria (FCTI), Mr. Oni is an experienced banker with over 25 years’ professional practice. He is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria (CIBN) and an alumnus of the Lagos Business School Senior Management Programme

He has attended various leadership, management development, executive, banking and finance programmes in various institutions in Nigeria and abroad, such as Lagos Business School, INSEAD, Chicago Booth University, The Wharton School of the Pennsylvania University, DevPar Canada as well as University of Michigan Business School, USA.

Richway Microfinance Bank is a new microfinance institution licensed by the Central Bank of Nigeria as a state MFB to provide a wide range of financial services to the low, medium and economically active members of the society as well as small and medium sized enterprises.

At Richway, is committed to providing cutting edge products and advisory services to a broad range of customers through highly skilled and customer-centric people aided by proven process and technology.

The bank’s vision is “to be in every home and business”.

Our mission is “to build a unique and leading microfinance institution focused at providing innovative products and financial support in a professional manner to individuals and businesses.




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