Olujobi possesses close to two decades of financial proficiency, having previously held the position of Chief Financial Officer at Stanbic IBTC Bank. Furthermore, he served as a non-executive director at Stanbic IBTC Capital, the investment arm of Stanbic IBTC Holdings.
His appointment as CFO follows the MFB's collaboration with the Corporate Affairs Commission (CAC) to digitize operations for 2 million small and medium enterprises in the country. Olujobi will be instrumental in the company's ambition to onboard 30 million businesses within the next five years. Moniepoint is also set to enhance its offerings in digital payments, banking, foreign exchange (FX), credit, and business management tools throughout Africa.
“I am truly excited about the opportunity to join Moniepoint at this pivotal moment. The bank has crafted an exceptional customer proposition across both business and personal banking sectors, and I believe it is at the forefront of providing what consumers desire—a secure, convenient, and user-friendly platform for managing their financial affairs. Moniepoint is leading this transformative movement,” Olujobi stated.
His appointment reflects a broader trend of leading fintech startups recruiting talent from banks and other fintech companies. Since April, Moniepoint and other fintechs have intensified their compliance hiring efforts, attracting top professionals from the banking sector and other fintech firms.
With nearly two decades of experience in the financial industry, Bayo, a Certified Treasury Professional (CTP), has occupied various senior positions, showcasing remarkable proficiency in finance, business development and strategy, as well as treasury management.
His strategic insight and leadership have played a crucial role in enhancing financial performance and operational efficiency at both Stanbic IBTC and Asset and Resource Management Company (ARM), where he has previously served. The CTP designation is widely regarded as the benchmark for expertise in the finance sector and is recognized globally as the premier credential in corporate treasury, indicating that the holder is capable of effectively managing essential functions related to corporate liquidity, capital, and risk management.
Bayo earned his Master of Business Administration (MBA) from the Cranfield School of Management in the UK and holds a Bachelor of Science degree in Economics from Lagos State University, where he graduated as the top student. His financial acumen has gained international recognition, having been awarded the Financial Services CFO of the Year (West Africa) and the Most Innovative Financial Services CFO (Africa) at the Acquisition International Global CFO Excellence Awards in 2021 and 2022, respectively.
The Group CEO of Moniepont Inc., Tosin Eniolorunda, remarked on the appointment:
“We are delighted to welcome an accomplished and business-savvy professional like Bayo to the Moniepoint family.
“His extensive experience in traditional banking and strategic insight as an innovative thought leader will be invaluable as we continue to grow, innovate, and consolidate our market leadership in the financial services industry. Bayo’s leadership will undoubtedly strengthen our financial operations and support our long-term goals.”
Bayo Olujobi also reacted to his appointment stating, “I am really excited to have the opportunity to join Moniepoint at this time. The bank has developed an unparalleled customer proposition across the business and personal banking segments and I believe it is on the cutting edge of delivering what the consumer craves – a secure, convenient and easy platform to manage their financial lives – Moniepoint is right at the forefront of this movement.”