NPF MICROFINANCE BANK PLC Company Profile

NPF MICROFINANCE BANK PLC

NPF Microfinance Bank Plc Formerly known as NPF Community Bank Ltd, was incorporated on May 19, 1993 as a Limited Liability Company under the provision of the Companies and Allied Matters Act CAP C20 LFN 2004.The bank provides banking services to both serving and retired Officers and men of Nigeria Police Force, its ancillary institutions and the general banking public.
 
The Bank commenced business on August 20, 1993, having obtained a provisional license to operate as a Community Bank on 12th July 1993 from Central Bank of Nigeria.
The Bank obtained its full license to operate as a Community Bank on 24th January 2002. On 31st December 2007 the Bank converted from its Community Bank status to a Microfinance Bank following the Central Bank of Nigeria’s directive to all Community Banks. The approval granted to the Bank was a unique one as it allows the Bank to open branches in all the states.
 
The authorized capital of the Bank at inception was N500,000.00 made up of 500,000 ordinary shares of N1.00 each and this has over the years increased to its current level of N2,000,000,000.00 made up of 4,000,000,000.00 ordinary shares of 50k each of which 2,286,637,766 ordinary shares of 50k each are issued and fully paid up. These shares were listed on the floor of Nigeria Stock Exchange on December 1, 2010.The balance sheet size of the bank is over N8.6billion as of  December 31, 2013.
NPF Microfinance Bank has its Head Office located at Aliyu Atta House, 1 Ikoyi Road, Obalende and other branch offices in Obalende, Ikeja, Abuja Main, Port Harcourt, Kano, Osogbo, Benin, Sokoto, Onitsha, Akure, Lokoja Yola, Abuja 2, Bauchi and Wudil(Kano), Lafia, Enugu, Kaduna, Oji River, Tejuosho, Ikorodu, Ibadan, Abeokuta, Asaba, Port Harcourt2, Aswani, Calabar Akwa (Onitsha2) and Aba. The Bank has intentions to open additional three offices organically in all the Police commands in the federation.
 
 
BOARD OF DIRECTORS
MR.AZUBUKO JOEL UDAH - Chairman
MR. AKINWUNMI LAWAL - Managing Director
MR. JOHN KWABE TIZHE - Executive Director, Operations
MR. FRANCIS C. NELSON - E.D, Finance & Administration
MR. USMAN ISA BABA - Non-Executive Director
MR. MOHAMMED D. SAEED - Independent Non-Executive Director
MR. AMINU SALEH PAI - Non-Executive Director
MR. JIBRIN G. GANE - Non-Executive Director
MR. SALIHU A. HASHIMU - Non-Executive Director
MR. ABDULRAHMAN SATUMARI - Independent Non-Executive Director
MRS. RAKIYA E. SHEHU - Independent Non-Executive Director