FINTECH Association of Nigeria debuts to support development of the financial technology industry


Over 25 FinTech companies attended the recent inaugural meeting of FTAN – FinTech Association of Nigeria – which principal objective is to serves as a platform for the development of the financial technology industry in Nigeria and to be a forum for the exchange of ideas and dissemination of information by and between various stakeholders in the industry.

According to Dr. Olusegun Aina, OFR, FCIB Chair of the FTAN Interim Governing Council, “Following decisions reached at the inaugural meeting of the foundation members of FTAN, the body has since been duly registered with the Corporate Affairs Commission, Abuja.” He added “it was decided that members of the founding consultative group transition into the Interim Governing Council (GovCo) and appoint additional members to steer the ship of formation. These Council members are representing their organisations as membership of the Association is presently opened to corporate entities only”.

The Interim GovCo and the Working Groups will midwife the Association until its first Annual General Meeting expected to hold in January 2018 when substantive officers are to be elected into positions.

Mr Femi Awoyemi, of FTAN Media, Advocacy, Brand and Communications working group, informed “ Dr. Segun AINA is President/Chairman  of the Interim Governing Council (GovCo)., and supported by Mrs. Bunmi LAWSON  (Accion Microfinance);  Barr. Isa ALADE (Banwo & Ighodalo);  Mr. Tunde KUPONIYI (Ecobank Nigeria); Treasurer;   Mr. Olufemi AWOYEMI (Proshare), Mr. Wole OYENIRAN (Deloitte Nigeria); Mr. John OBARO (SystemSpecs); Dr. Olayinka David -West (Lagos Business School); and Mr. Tunji ELESO (Co-Creation Hub, Lagos)

He noted that “the GovCo had its first meeting on Saturday, June 3rd, 2017 and set up six (6) Committees as Working Groups to see to the smooth take-off of the Association. They include Membership and  Funding; Strategy and Planning; Administration and Technology; Media, Advocacy, Brand and Communications; Events and  Programmes; Research and Market Trends”

He went further to say that “As part its initial steps, the Association has made approaches to the Securities and Exchange Commission (SEC), National Insurance Commission (NAICOM), and Central Bank of Nigeria (CBN) on its intent and purposes through the Chairman of the interim GovCo.”

All firms and organisations operating in Nigeria’s FinTech space are invited to join FTAN – FINTECH ASSOCIATION OF NIGERIA.