NPF Microfinance Bank Plc.
2021 SUSTAINABILITY REPORT
Committing to a Sustainable Impact and Future
Contents
About this Report | 3 |
A Few Words About Us | 4 |
Corporate Information | 5 |
Chairman's Statement | 6-7 |
Managing Director's Statement | 8-9 |
Board of Directors | 10 |
Management Team | 12-14 |
Our Sustainability Strategy | 16 |
Materiality Matrix | 17 |
Stakeholder Engagement | 18 |
Our Environmental Footprint | 19-22 |
Our Social Footprint | 23-29 |
Economic Footprint | 30-33 |
Corporate Governance | 34-37 |
Our committment & progress report on (NSBP) 38-39 Our committment &progress report on(NSE-GRI)40-41
Our committment & progress report on SDGs | 42-43 | |
Supplimentary Information | 44 | |
Other Information | 46 |
About this Report
In this 2021 Sustainability Report of NPF Mi- crofinance Bank Plc (Committing to a Sustainable Impact and Future), we disclose the eco- nomic, environmental, and social impact and performance of our business activities in the 2021 financial year and present our current activities in the area of sustainability. The aim of the Report is to give a comprehensive account of how NPF Microfinance Bank Plc (NPFMFB) has fulfilled its sustainable banking mission during the reporting period and how it plans to implement and improve its sustainability performance in the future.
This report is prepared in accordance with the new GRI Standards using the Core option (GRI 102-54); and the GRI content index and Core op- tion. The GRI standards are internationally recognized standards for sustainability reporting promulgated by the Global Reporting Initiative. In addition, selected indicators with respect to information related to the financial services sector are included. The General Disclosure and Management Approach guidelines for the different indicators, as well as the Financial Services Sector specific disclosure guidelines are followed in the reporting. It includes a Sustainability Materiality Matrix covering all issues and indicators that were material to us during the review period. The boundaries for the different identified impacts are clearly indicated.
The report underscores our progress and challenges in sustainable banking during the period under review. It discloses our banking operations footprints on the economy, natural environment and the society in 2021.
It also highlights the different stakeholders' engagement platforms that we deployed, the material issues that emerged from these engagements and how they were managed and or addressed during the year.
Coverage
This report covers the Sustainability/ESG princi- ples, initiatives and performance of our operations across key markets. It contains information for the financial year 1 January to 31 December 2021, unless otherwise stated.
The report also demonstrates how we complied with integrating the Nigerian Sustainable Banking Principles, established by the Central Bank of Nigeria in 2012, and also the Sustainability Disclosure Guidelines of the Nigerian Exchange Group which was approved 9th of November 2018. We have also demonstrated in this report how we integrated the 17 Sustainable Development Goals (SDGs) into our environmental and social risk management system.
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A Few Words
NPF Microfinance Bank Plc (Formerly NPF Community Bank Ltd) was incorporated on 19th May, 1993 as a Limited Liability Company under the provision of the Companies and Allied Matters Act cap C20 LFN 2004.
The bank is one of the largest Microfinance Banks in the country. The bank provides banking services to both serving and retired Officers and men of Nigeria Police Force, its ancillary institutions and the general banking public. We are in a strong position to help our customers meet their financial objectives by providing banking services based on our financial competencies and through our dedicated focus on developing leading and innovative solutions.
The bank commenced business on 20th August, 1993 at 1 Ikoyi Road Obalende, Lagos having obtained a provisional license to operate as a Community Bank on 12th July 1993 from Central Bank of Nigeria. The bank converted to a microfinance bank in December 2007.
Our Vision
To be the clear leader in the provision of microfinance services.
Today, the bank is listed on the Nigerian Exchange (NGX) and operates as a National Micro- finance Bank with over 40 branches across the nation.
Our Mission
To create value and wealth for our stakeholders through the sustainable provision of microfinance products and services.
Our Values
- Professionalism
- Integrity
- Customer-focused
- Excellence
- Loyalty
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CORPORATE INFORMATION | |||
- | I | ||
Directors: | Mr. AzubukoJoel Udah (Esq.) | Chairman | |
Mr. Akinwunmi M. Lawal | Managing Director | ||
Mr.John Kwabe Tizhe | Executive Director | ||
Mr. Francis C. Nelson | Executive Director | ||
Mr. Usman Isa Baba | Non-Executive Director | ||
Mr.Jibrin G. Gane | Non-Executive!Director | ||
Mr. Abdulrahman Satumari | Non-Executive(Independent) Director | ||
Mr. Salihu Argungu Ha:shimu | Non-Executive Director | ||
Mrs. Rakiya Edota Shehu | Non-Executive(Independent) Director |
MANAGEMENT
Company Secretary
Mrs. Osam J. ldemudia
Aliyu Atta House
1, lkoyi Roadl, Obalende
Lag,os
Registered Office:
Al iyu Atta House
1, lkoyi Roadl, Obal ende Lagos
Mr.A kinwunmi M. Lawal | Managing Dir ctor |
Mr.John Tizhe | Executive Director, Operations |
Mr. :Francis C. Nelson | E1D, :Finance & Administration |
Mrs. OsaroJ. lldemudia | Company Secretary/LegalAdviser |
Mr. Chima Wosu | Head, Credit/Operations |
Mr. Segun Osisanya | Head, EIRM |
Mr. :Fidelis Omokhapue | Head, IInternal Audit |
Mrs. Yetunde Babarinde | Head, Administration |
Mrs. Hafsat E kutti | Head, !Information Technology |
Mrs. Fatima Olajumoke | Head, Marketing |
Mr. Dare Ariyo | Head, E-Business |
Mr. Sunday Zovoe | Chief Compliance Officer |
Mr Philip Aiwekhoe | Chief Information Security Officer |
Mr. Habeeb Yusuf | Regional Head, North |
Mr. Solomon 0. Komolafe | Regional Head, South |
Regional Head, Ea:st |
Re-gistrars: | |
CardinalStone Reg1istrars Ltdl. | |
335/337, Herbert MacaulayWay | |
Yaba, Lagos | |
Major Bankers: | Tax Identification Number: |
United Bank for Africa Pie 57, | 00122558�0001 |
Marina, Lagos Island, Lagos, | |
Nigeria. | |
First Bank of Nigeria Pie | |
Samuel Asabia House | |
35 Marina | |
Lagos, Nigeria |
Steriling Bank Pie
20 Marina Road, Lagos Island, Lagos
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NPF Micro Finance Bank plc published this content on 02 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2022 18:04:02 UTC.