A delegation from Moniepoint Inc led by its Group CEO, Tosin Eniolorunda flank the Vice President, Senator Kashim Shettima during the courtesy call by Moniepoint Inc to the Presidency at the Presidential Cilla, Abuja
The Federal Government has commended Moniepoint Inc., Africa’s fastest-growing financial institution, for its outstanding contributions to the financial technology sector and dedication to advancing financial inclusion. The government also acknowledged the company’s collaboration with law enforcement agencies in combating financial fraud.
Vice President Kashim Shettima conveyed the government’s appreciation during a courtesy visit by Moniepoint’s leadership team, led by CEO Tosin Eniolorunda, at the Presidential Villa. The delegation included Babatunde Olofin, Managing Director of Moniepoint Microfinance Bank; Didi Uwemakpan, Vice President of Corporate Affairs; Ross Strike, Senior Vice President of Investor Relations; Efemena Ogie, Head of Partnerships; Abdulmumin Tijjani, Regional Manager for the North West; and Ravi Sharma, Partner at Lightrock Global, a private equity firm and investor in Moniepoint.
L-R Ravi Sharma, Partner, Lightrock Global; Didi Uwemakpan, Vice President, Corporate Affairs, Moniepoint Inc; Founder and Chief Executive Officer, Tosin Eniolorunda and Vice President, Senator Kashim Shettima during the courtesy call by Moniepoint Inc to the Presidency at the Presidential Cilla, Abuja
Tosin Eniolorunda expressed gratitude to the Vice President for the audience and highlighted Moniepoint’s commitment to Nigeria’s financial ecosystem. He attributed the company’s transformation into Africa’s latest fintech unicorn to its innovative solutions and emphasis on collaboration. He noted Moniepoint’s efforts to provide digital banking solutions for underserved communities and empower small and medium-scale enterprises (SMEs).
Eniolorunda also emphasized Moniepoint’s collaboration with law enforcement agencies such as the Nigeria Police Force, the Nigerian Financial Intelligence Unit (NFIU), and the Economic and Financial Crimes Commission (EFCC) to strengthen trust in digital payments through intelligence-driven technology.
Vice President Shettima congratulated Moniepoint on its rapid growth and unicorn status, describing its success as a testament to the innovative potential of Nigerian enterprises. He praised the diversity of the organization’s workforce, which includes representatives from various regions and backgrounds, and emphasized the importance of female leadership roles within the company.
While celebrating Moniepoint’s achievements, the Vice President stressed the need for stronger auditing measures to prevent misuse of the platform by fraudsters. He also encouraged the company to maintain its global expansion efforts, assuring them of his full support as a promoter of their brand on the international stage.
Moniepoint’s contributions to Nigeria’s financial ecosystem include its partnership with the Corporate Affairs Commission (CAC) to formally register over two million businesses, with a target of 30 million businesses in five years. The company also released Nigeria’s Informal Economy Report earlier this year, in collaboration with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Federal Ministry of Industry, Trade, and Investment, to support policies advancing the informal sector.
The courtesy visit highlights the critical role of private sector innovators like Moniepoint in driving Nigeria’s economic transformation, fostering financial inclusion, and building a resilient digital economy.
