The
Group Managing Director of Letshego Microfinance Bank, Mr. Chris Low, has
assured that there would be no job losses. He said this in an interview
following the official announcement of Letshego’s acquisition of FBN
Microfinance Bank (FBN MfB) in Lagos, just as he hinted that the company would
be investing in building skills and capability among its management team.
 |
| Mr. Chris Low |
What
informed your decision to come to Nigeria to buy over FBN Microfinance Bank?
Primarily, our mission is to be Africa’s leading financial services group and if you are going to come to West Africa, Nigeria is mainly the place to start.
We have been looking at this market for a number of years and we look to the opportunities, before FBN MfB was shown to us, which is a business fully in line with broad based financial inclusion agenda in terms of services and client base and so we decided to go ahead with the transaction.
Primarily, our mission is to be Africa’s leading financial services group and if you are going to come to West Africa, Nigeria is mainly the place to start.
We have been looking at this market for a number of years and we look to the opportunities, before FBN MfB was shown to us, which is a business fully in line with broad based financial inclusion agenda in terms of services and client base and so we decided to go ahead with the transaction.
