Renmoney CEO, Boshoro Resigns Appointment Under Scary Circumstance

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Renmoney Microfinance Bank Managing Director/Chief Executive Officer, Mrs Olwatobi Boshoro has resigned her appointment with the leading MFB in yet to be ascertained circumstances.

Boshoro who got appointed as the CEO at about November 2018, less than a year on the saddle, has therefore been relieved of the position with immediate effect.

According to the statement signed by the Ighiwi Erhahon, Company Secretary, Renmoney Microfinance Bank today, Tuesday and made available to the media, no cogent reason was given for the CEO’s resignation except that she “has resigned to attend to personal matters”.

The statement also added that in the meantime,Mr. Kieran Donnelly will relinquish his position as Chairman of the Board of Directors and lead the company as Acting CEO until a permanent CEO is appointed.

As at the time of filing this report, the main reason behind this high powered resignation was still shrouded in secrecy with both parties to the issue, keeping sealed lips as industry watcher continue to ponder over the urgency of the resignation. It will be recalled that Boshoro was appointment

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Renmoney is a fintech lending company operating under a microfinance banking license in Lagos, Nigeria. Regulated by the CBN and insured by the NDIC, it provides loans to individuals and small businesses through its website, contact centre, agent network and branches and also offers market-leading rates on Fixed Deposits and Savings accounts.

Since its inception in 2012, the MFB claims to have provided 200,000+ Personal and Micro-business loans using consumer feedback to build better solutions for customers.

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“We use the same, cutting-edge data protection and security technology as the leading financial institutions across the globe” it claims to pride its privacy and security architecture.

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Prior to her appointment, Tobi served as the Head, Digital Strategy, Issuing and Service Management at Stanbic IBTC. She also headed Stanbic IBTC’s Electronic Banking and Digital Strategy units at various times, where she was responsible for the digital transformation of the bank.

Between 2008 and 2014, Tobi held senior positions at the Interswitch Group, including Group Head, Issuer Management.

She is an alumnus of the prestigious Harvard Business School, having completed multiple Executive Management programmes, including the General Management Programme in 2013. Tobi also holds an M.Sc. Strategic Marketing from Cranfield University’s School of Management and a BSc. in Economics from Ogun State University.

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