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Meet Those Who Run The Bank With Her
Hajia Hajara Adeola is the beautiful founder & Chairman of Lotus Bank. She runs a damn good bank that everyone is talking about right now.
She is the wife of Fola Adeola, the founder of GTBank who is one of the investors in the bank.
Lotus Bank is a non-interest Bank which is deeply rooted in ethical banking, committed to ethical investing and ethical prosperity. It is committed to deepening financial inclusion and broadening the array of non-interest products available to the banked, unbanked, and under-banked population.
The banks values are bold, ethical, and births new ideas. According to an insider, they are a testament to our desire to deliver a differentiated customer experience that supports businesses and delivers shareholder value. We’re proud to PARTNER with our customers.
The bank says its Culture is shaped by adherence to a set of values that cover all our stakeholders and helps us achieve our ambitious Vision and Mission.
“Our Mission is to create value and growth for all through digital innovation and best-in-class customer experience.”
“Our Vision is to consistently provide innovative solutions that drive ethical prosperity for all stakeholders.”
“Our Core Values have been articulated to reflect the true Spirit of LOTUS.
We are accessible from anywhere in the world to serve you 24/7 via our Digital Channels. We offer a range of affordable banking products to fit different lifestyles.
We work hand-in-hand with you to achieve your aspirations.
What makes LOTUS different?
“We are interest-free.
We share your risks as well as your profits via equity participation.”
“We embrace environmentally and socially conscious practices. We don’t finance harmful items, e.g., guns, tobacco, alcohol, and gambling. We don’t finance or partner with businesses that are uncertain and involve speculation.
Who are those who run Lotus Bank? Let’s tell you abouyt them. At the top is Hajia Hajara Adeola. She is the FOUNDER and CHAIRPERSON. She is also the founder and Managing Director of Lotus Capital Limited, a Nigerian pioneer in Shari’ah compliant Asset Management, Private Wealth Management Advisory Services and Financial Advisory Services.
Prior to founding Lotus Capital, she was the Director, CCT Islamic Finance at UBS Warburg heading their London Islamic Finance Desk. Prior to joining UBS, she was a Convertible Bond Research Analyst at BNP Paribas, London.
She is a seasoned professional with 25 years of international experience in research & analysis, investment management, Corporate Finance and Islamic Finance.
She holds a B.Sc. in Pharmacology from King’s College, London, an M.Sc. in Finance from Durham University where she specialized in Islamic Finance and an MBA in International Management from Exeter University, UK.
Mrs. Adeola was the first President of the Fund Manager’s Association of Nigeria and is a West African Fellow of the Aspen Leadership Initiative. She is also the Chairperson of the Securities & Exchange Commission’s non-interest capital market 10-year master plan committee and a Director at The Aliko Dangote Foundation.
KAFILAT ARAOYE
MANAGING DIRECTOR
There is also Kafilat who holds a first degree in History from the University of Ife, now Obafemi Awolowo University (1985), and an M.Sc. in Industrial Relations & Personnel Management from the University of Lagos (1987),graduating as The best student in her class. She also holds Islamic Finance certifications issued by Ethica Institute of Islamic Finance, the Chartered Institute for Securities & Investment/Bahrain Institute of Banking & Finance, as well as the Islamic Research & Training Institute. She has attended various Executive Management Courses at the Cranfield School of Management (UK), Lagos Business School, Institute of Management Development (Switzerland) and INSEAD (France). Ross business School, University of Michigan (USA).She is certified in specialized Banking courses ,conferences and seminars, among them are the Structured Trade Finance Course by Euromoney U.K,Payments ,Clearing and Settlement Conference by National Association of Clearing Houses, USA2006, 2007, 2008, International Banker’s Seminar, USA, South Africa, Swift regional conference.
She started her career in 1988 at National Oil and Chemicals Marketing Company Plc (now Conoil Nigeria Plc), and moved in 1990 to Guaranty Trust Bank Plc, as the pioneer head of Human Resources. She was part of the GTBank team that went to Jordan for the implementation of its core banking application amongst other critical assignments executed for the Bank. She left with accolades in 2015 as General Manager but continued to consult for banks and other sectors through her consulting outfit until 2018 when she was appointed as the MD Designate for LOTUS Bank then in formation.
Having put over 25 years into banking, Kafilat has expertise in virtually all areas of core banking, with emphasis on International and Domestic Operations, Payments, General Management, Business Development, Risk Management, Human Resources and Strategy.
She was part of several Central Bank of Nigeria (CBN) Implementation Committees on some Settlement and payment solutions between 2002 and 2007 and represented Nigeria at the Banking Techniques and Practice committee of International Chamber of Commerce, between 2006 and 2011.She was member Chartered Institute of Banker’s Committee on Capacity building and Certification from 2014 to 2020 and is currently member, Advocacy & Strategy Committee of the Chartered Institute of Bankers of Nigeria.
Kafilat has served, and currently serves as Member of the Governing Board of many institutions (secondary and university),amongst them Fountain University Oshogbo, currently member, Board of Crescent Schools ,Victoria Island and City of Knowledge academy, as well as Elder’s Council, Al Muhtudeen Islamic Foundation (formerly Muslim Youth Forum).
TOYIN KEKERE-EKUN
NON EXECUTIVE DIRECTOR
Ms. Toyin Kekere-Ekun has over 20 years financial experience that cuts across Corporate Banking, Asset and Liability Management, Financial Markets, Operations, and Islamic Finance.
Ms. Kekere-Ekun is the Chief Executive Officer of Lotus Financial Services, a pioneer ethical and halal Financial Advisory Institution. Prior to her position as CEO she was Group Head Business Development and Operations of Lotus Financial Capital.
Toyin began her career in Guaranty Trust Bank where she worked in Treasury and Corporate Banking Group. From there she joined Stanbic IBTC Bank as the Segment Manager, Islamic Finance and later joined Linetrale Petroleum Limited as a General Manager of Finance.
She holds a Bsc. Accounting from University of Lagos and a Master of Science Cranfield School of Management and has an FCA from the Institute of Chartered Accounts of Nigeria.
ADEOYE FADEYIBI
NON EXECUTIVE DIRECTOR
NON EXECUTIVE DIRECTOR
Adeoye Fadeyibi has two decades of professional experience in the power industry. He started his career at General Electric (GE) where he held different positions from 2000 to 2013. He served as a Gas Turbines Technical Advisor and rose to the position of a Sales Director for GE Energy covering the Middle East and African Regions.
He obtained his bachelor’s degree in Mechanical Engineering in the year 2000 at the State University of New York, SUNY Buffalo, New York and the General Electric Power Systems University in Schenectady, New York where he completed his training in turbine power systems and applied knowledge obtained towards developing the African Turbines/Generator Field resources.
As his career advanced, Fadeyibi continued to serve in increasingly strategic roles. These included his membership in Nigeria’s team of leaders tasked with developing Nigeria’s partnership structure to address “overall power delivery solutions” deploying his formidable project management expertise to ensure power delivery deadlines were met between 2008 – 2010.
In 2013, he was appointed Managing Director/ Chief Executive Officer of Transcorp Power Limited (TPL), Ughelli, Delta State, a 1,000MW generation Company and one of the six-generation assets of the erstwhile Power Holding Company of Nigeria (PHCN). Under his direction and a testament to his assiduous work ethics, TPL grew from 160MW of available capacity at handover (1st November 2013) to 634MW (by December 2015).
After making his mark in the generation section, Engr. Adeoye moved downstream along the Electricity Power Sector’s value chain into the Electricity Distribution sub-sector where he assumed office as the MD/CEO of Eko Electricity Distribution Company (EKEDC) on 1st January 2018, a position he still retains till this date.
NURUDEEN LEMU
NON EXECUTIVE DIRECTOR
NON EXECUTIVE DIRECTOR
Mr. Nuruddeen Lemu is a Director of Research and Training at the Dawah Institute of Nigeria and the Assistant General Secretary of Islamic Education Trust (IET), Minna. He is the Technical Adviser, Nigerian Environmental Society, Niger State branch; a Founding Member of the Regional Centre for Expertise, Minna; and a member of the Advisory Board of the New Horizons College, Minna. He has been a Member, National Awards Committee, Ford Foundation Jubilee Transparency Awards, Nigeria and Teacher Trainer, Noor Al-Houda Islamic College, Sydney, Australia.
Mr. Lemu is a Director of the Development Initiative of West Africa (DIWA), the Inter-Faith Activity and Partners for Peace (IFAPP), and a member of various committees of Jama’tu Nasril Islam (JNI) and the Da’wah Coordination Council of Nigeria (DCCN). He was one of those nominated by the Nigeria Supreme Council for Islamic Affairs (NSCIA) to represent Nigerian Muslims at the last National Conference (CONFAB 2014). He has also been an Independent Director of Lotus Capital Limited since inception in 2006.
Mr. Lemu holds a Bachelor’s degree in Agriculture from Ahmadu Bello University, Zaria, Nigeria, a MSc. Resource Management from Edinburgh University, United Kingdom, is a Fellow of the Africa Leadership Initiative of West Africa (ALIWA), and of the Aspen Leadership Institute, Colorado, USA.
GEN. SANSADEEN AWOSANYA
NON EXECUTIVE DIRECTOR
Major General Awosanya is the Chairman of Rostrum Investment and Securities Ltd (Member of Nigerian Stock Exchange) Prior to his retirement, he served in the Nigerian Army for 30 years.
He is a Member of the Association of Certified National Accountants of Nigeria (CNA), Member of Nigeria Institute of Management (MNIM) and a member of the prestigious National Institute of Policy and Strategic Studies (NIPSS) where earned his mni. Whilst in the Army he served as Chief Paymaster General and earned the following medals: Forces Service Star (FSS), Meritorious Service Star (MSS), Distinguished Service Star (DSS) and United Nation Interim Forces in Lebanon (UNIFIL).
He holds a pre-military diploma in Accounting from The Polytechnic, Ibadan as well as an BSc from Gwent College of Higher Education, United Kingdom, a Diploma from University of Lagos; an MBA from Federal University of Technology, Akure and a PhD in Accounting from Marlborough University, Honolulu, USA and a PhD from Olabisi Onabanjo University.
MUHAMMED BABANGIDA
NON EXECUTIVE DIRECTOR
Muhammad Babangida is the Chairman Profile Group and the Executive Director of El-Amin International School. He has over 20 years business experience working in various industries including Banking, Real Estate, Education, Security Consultancy and Oil & Gas.
Muhammad has served on the Board of Unity Bank and NEXIM Bank while also Heading the Board Committee of the Board on Finance and General Management, Credit and Strategy.
He’s an Alumni of European University, Switzerland; EU Business School; Harvard Business School; The Robert Gordon University; University of Liverpool, UK and has a Doctorate Degree in Education from the Walden University.
MOINUDDIN MALIM
INDEPENDENT DIRECTOR
Ghulam Malim is an acknowledged authority on Global Islamic Banking with over 25 years of Experience in the industry. He is the founder and Managing Partner of Alternative International Management Services- a consultancy service that addresses the global Islamic finance market, and licensed by the Dubai Economic Department.
He is a seasoned professional with international experience in Financial Advisory, Capital Markets Advisory, Product and Strategic Advisory, as well as in Retail and Wholesale Banking.
He served as the Head of Corporate and Investment Banking at Badr Al – Islami, and later rose to the position of Chief Executive Officer (CEO) /Head of Islamic Banking for Mashreq Bank, both of which belong to the Mashreq Group of Companies, Dubai.
In the space of his professional career, he has also served in top tier positions as the Senior Vice President and Head of Asset Management & Capital Markets, Dubai Islamic Bank and Managing Director at Millennium Investment Company, a Dubai Islamic Bank owned company.
He holds a B.Sc. from the University of Karachi, Pakistan a BBA in Finance and an MBA in Finance and Int’l Business from the University of Toledo, Ohio, USA.
NURATU BATAGARAWA
INDEPENDENT DIRECTOR
Nuratu Batagarawa is a seasoned Professional administrator with more than a decade of experience in the Civil Service.
She started her career in the Public Sector in April 1985 at the National Institute for Policy and Strategic Studies, Kuru, Nigeria (NIPSS) as a junior research fellow.
In 1992, she was appointed Director, Federal Mortgage Bank of Nigeria, a position she occupied until 2003 when she transferred her service to the Federal Civil Service as Deputy Director. She also served as Director for the Federal Service, and Ministry of Police Affairs, Police services up until she was deployed to the Office of the Head of the Civil Service of the Federation as Permanent Secretary.
In 2017, she was deployed to the Nigerian Ministry of Defense as the Permanent Secretary, a groundbreaking feat, as she is the first female to have ever served in that capacity till date.
She obtained her B.Sc. degree from Ahmadu Bello University, Zaria and has a Masters Degree in International Politics from the University of Lancaster, United Kingdom.
MUHAMMED ATIKU-ABUBAKAR
NON EXECUTIVE DIRECTOR
Mohammed Abubakar is a seasoned Professional with Dynamic skills in people management, Leadership, Marketing and Strategy.
He obtained his Bachelor’s Degree in BA management in the year 2010 from the prestigious Webster University, Geneva. He holds a Master’s Degree in International Business from Hult International Business School, London and an MBA in International Management from the University of Wales, Cardiff. He has also attended various Leadership and Management courses both home and abroad.
He started his career in Adama Beverages Limited, Yola- a wholly owned Nigerian Food and Beverage company, as an Intern in 2011 and rose up to the position of General Manager, Finance and General Services in 2012, a position he currently holds till date.
ALH. MUSTAPHA ADO MUHAMMAD
NON-EXECUTIVE DIRECTOR
Alh. Mustapha Ado Muhammad is a Nigerian Businessman, Philanthropist, an Industrialist, and an Economist.
He is the Founder and Chairman of Ammasco International Limited, which is one of the top Lubricants producing companies in Nigeria and one of the Fastest growing Lubricants blending plants in West Africa. Apart from Ammasco International, the serial entrepreneur founded Ammasco Petrochemicals Ltd and has businesses within the Oil & Gas industry and manufacturing sectors in Nigeria
He attended Gobirawa Primary School and Gwale Secondary School, Kano respectively, after which he moved on to Kano State Polytechnic where he graduated with HND in Accounting. He then moved on to attend Engineering courses on Lubricants in the United Kingdom, Germany, and the United States of America.
ACE MEMBERS
SHAYKH HAYTHAM TAMIM
CHAIRMAN
Shaykh Haytham Tamim is a specialist in Shariah Sciences and Islamic Finance. He studied in Beirut, Damascus, Karachi, Bahrain and Dubai. He taught at the Islamic University of Beirut and in the UK.
He is the founder and director of Shariah Solutions Limited, a consultancy firm based in the UK. He is also the Chairman and founder of Utrujj Foundation which is a leading Islamic Education Institution in the UK. He is the Mufti of the Lebanese Sunni community in the UK, and Khateeb at the Muslim World League in London. He is also a member of the Islamic Finance and Banking Advisory Board at the University of East London’s Centre for Islamic Finance and Banking.
Shaykh Haytham Tamim has served on the board of several Islamic financial institution such as the Gatehouse Bank an Islamic Investment Bank in the UK, the Europe Arab Bank, Islamic REIT Fund (Inovalis) and Inovalis.
He was named among the 100 influential Muslims in the UK by the Emerald network.
PROFESSOR AHMAD MURTALA
MEMBER
Professor Ahmad Murtala attended the school for Arabic Studies in Nigeria where he had his Grade II certificate. He then attended Aminu School for Islamic Legal Studies, Kano where he graduated with Distinction. He had his Bachelor of Arts degree in Islamic Studies from Bayero University Kano Nigeria where he graduated with Second Class Upper grade. He then proceeded to obtain his Master of Arts and his Ph.D degree in Islamic Studies from the same University. He became a Professor of Islamic Studies in 2016.
He started his lecturing career at the Bayero University Kano Nigeria in 2002, where he lectured in the Islamic Studies and Shariah department under the Faculty of Arts and Islamic Studies. He was the Deuty Dean of the Faculty of Arts and Islamic Studies between 2010 to 2014, and he is currently the Head of Islamic Studies and Shariah department.
He has won various awards including the University Scholarship for the Best Student in 1994/95 session, and Ado Bayero prize for the Best Final year student in Islamic Studies in 1995/96 during his undergraduate study. He has presented in over 40 conferences, published 10 books, and written over 40 articles in various journals. He has various newspaper articles as well as public lecture to his credit.
- MARJAN BINTI MUHAMMAD
MEMBER
Dr Marjan attended the International Islamic University Malaysia where she obtained her B.Sc (Hons) degree in Islamic Revealed Knowledge and Heritage (Fiqh and Usul-l-Fiqh) in 1998. She had her M.Sc. and Ph.D also in Islamic Revealed Knowledge and Heritage (Fiqh and Usul-l-Fiqh) in 2001 and 2005 respectively.
She has worked at the International Shari’ah Research Academy for Islamic Finance from 2013 to date where she has held several roles ranging from Head of Research Quality Assurance Office, Senior Researcher, and currently Director of Research. She has tutored at the Faculty of Law and Shari’ah at the Universiti Sains Islam Malaysia with specialization in issues of Ijtihad (Intellectual Reasoning), Islamic Jurisprudence (Usul al-Fiqh), Islamic Laws of Transaction (Fiqh al-Muamalat) and Islamic Criminal Laws (Fiqh al-Jinayah). She has also served on different shariah boards including: MBSB Bank Berhad, RHB Islamic Berhad, Maybank Islamic Berhad, SME Bank Berhad, and she is currently on the Shariah board of Bank Negara Malaysia.
She has published articles in both international and local referred journals and has produced several research papers on Islamic finance.
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