Gufax Mf Bank Profile

Topics: Akwa Ibom State, Management, Bank Pages: 13 (2786 words) Published: November 26, 2012



To be the leader in Microfinance Banking Services in Nigeria.

To reduce poverty and build smiles on the faces of our esteemed customers by transforming them into economically active population with full access and integration into the formal financial system.

Gufax Microfinance bank Ltd. is licensed for operation in Akwa Ibom State by the Central Bank of Nigeria for the provision and administration of microfinance services, loans, advisory services, poverty alleviation programme-partners with Government or its agencies as well as other financial services. It was incorporated on 04 April, 2008 with the Corporate Affairs Commission and Licensed by CBN in September 2008. The Bank has an Authorised Share capital of N250million out of which the paid up is N120million and total asset base of over N500million, approximately $3.2Million as at December 31st, 2011.

We also have total employee/staff strength of seventy one (71); and our present customer base is approaching twenty thousand individuals and groups comprising mainly the market women, cooperative groups, transport unions and other small and medium business operators within the state and a percentage of government employees.

Corporate Head of is at FADUK HOUSE, No.3 Udotung Ubo Street, Uyo, Akwa Ibom State. Presently, the bank has seven meeting points within Akwa Ibom State as follows: Akpan Andem Entrepreneurial Market Uyo in Uyo Local Government. Nung Udoe Ibesikpo,in Ibesikpo Asutan Local Government.

Ikot Ekpene in Ikot Ekpene Local Government.
Oku Iboku in Itu Local Government.
Ishiet Uruan Beach Market in Uruan Local Government.
Ibaka Beach Meeting Point, Mbo Local Government Area.
Onna Meeting Point, Ikot Abasi Road, Abat.

It is part of the strategic expansion plan of the bank to open a minimum of one meeting point every quarter.

The bank has a board membership of 4 distinguished persons as shown below: Engr Nsikanabasi Ibanga - Chairman
Engr. Ibanga
Engr. Nsikanabasi Ibanga is the Chairman of the Board of Directors of Gufax Microfinance Bank Ltd. He is an experienced Civil Engineer. Engr. Ibanga served as an Executive Engineer with ENPLAN Group of Consulting Engineers Nigeria Ltd, EBASCO Consulting Engineers and Zeal Nigeria Limited for over 10years. He has been involved in many private and public building designs over the years and is still very active in current practice. He is a member, Nigeria Society of Engineers (MNSE) and also a registered member of the Council for Regulation of Engineering (COREN). He has attended Engineering Management Workshop and other courses within and outside the country. His experience has been brought to bear in his leadership of the Bank.

Mr. Uduak Effiong Udo - Managing Director/CEO

Mr. Uduak Udo is the Managing Director/Chief Executive Officer of Gufax Microfinance Bank Ltd. He is a seasoned Banker with over Ten (10) years of experience in Retail, Consumer and Public Sector Banking. Uduak had stints with Citizens International Bank Limited (now Enterprise Bank Ltd) from where he left for Zenith Bank Plc. He grew to a management position in Zenith Bank and subsequently left and co-found a group of financial service companies which Gufax Microfinance bank Ltd is one of them. He holds an MBA Degree in Business Administration from University of Calabar. He is a fellow of Portfolio and Debt Management Institute (PDMI), a member of the Risk Management Association of Nigeria (RIMAN), and a member of Institute of Strategic Management (ISMN) and also a member of chartered institute of Bankers of Nigeria. He is also an Alumnus of World Prestigious Harvard Business School, Boston, Massachusetts, USA, where he has been...
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