CBN grants Lotus Bank license for non-interest banking

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CBN grants Lotus Bank license for non-interest banking

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By Babajide Komolafe

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The Central Bank of Nigeria (CBN) has granted a non-interest banking license to LOTUS Bank Limited.  

Disclosed this in a statement, the bank said it will pursue the mission of creating value and growth for all through digital innovation and best-in-class customer experience for Nigerians.  

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Founded & Chaired by Mrs. Hajara Adeola, who is also the Founder and Managing Director of LOTUS Capital (the pioneers of non-interest finance in Nigeria), the bank is starting its operations on a solid foundation of experienced leadership and a strong Advisory Council of Experts (ACE).  

LOTUS Bank is managed by a team of seasoned professionals and financial experts led by the Managing Director/Chief Executive Officer, Mrs. Kafilat Araoye who has over 25 years commercial banking experience.      

According to the Managing Director, LOTUS…



Source: Vanguard Newspaper