LAPO Microfinance Bank has been named Microfinance Bank of the Year at the 13th edition of the BusinessDay Banks and Other Financial Institutions (BAFI) Awards. This marks the institution’s 12th consecutive win in the category.
The recognition underscores LAPO’s consistency, resilience, and innovation in Nigeria’s microfinance sub-sector, where it continues to play a leading role in expanding financial access for low-income households and micro, small, and medium enterprises (MSMEs).
Speaking at the award ceremony, Oluremi Akande, Director of Marketing and Communications at LAPO Microfinance Bank, described the award as a testament to the bank’s sustained commitment to inclusive finance.
“LAPO has consistently won this award category, a clear recognition of our invaluable contributions and impact through the delivery of superior financial services to the last mile,” Akande said.
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He added that LAPO operates through a network of over 500 branches across 34 states and the Federal Capital Territory (FCT) and has disbursed over N1.7 trillion in microloans to MSMEs since inception.
Beyond credit provision, LAPO employs more than 6,000 Nigerian youths, has awarded over 5,000 scholarships to students, and remains actively engaged in promoting environmental sustainability and social impact initiatives.
“We dedicate this award to our loyal customers and committed staff who have made our vision of financial empowerment possible,” Akande added.
The BAFI Awards, organised annually by BusinessDay, celebrate excellence and innovation across Nigeria’s banking and financial services industry.