About Us

OUR HISTORY

Multivest Microfinance Bank Limited began operations on July 21, 1992, originally established as Ojoo–Shasha Community Bank Nigeria Limited

The bank was incorporated in the same year as a limited liability company with registration number RC 197102.

Following industry-wide reforms by the Central Bank of Nigeria (CBN) mandating the transformation of community banks into microfinance banks, our institution increased its share capital and met all regulatory requirements for conversion.

We received provisional approval to transition to Ojoo-Shasha Microfinance Bank Nigeria Limited in November 2007 and full microfinance licensing approval in August 2009. In September 2009, with CBN authorization, our name was officially changed to Multivest Microfinance Bank Limited to reflect a broader market vision and enhanced corporate identity.

Today, we operate from our permanent site at:
11, Arulogun-Army Barracks Road, Ojoo, Ibadan, Oyo State.

Our current approved share capital stands at ₦150,000,000.

OUR VISION
To be a leading provider of sustainable, innovative, and client-centric financial solutions for the social and economic development of the people.
OUR MISSION
To satisfy customers’ needs by providing qualitative financial services through a motivated workforce for the benefit of all stakeholders.
Our Core Values
  • Professionalism
  • Integrity
  • Honesty
  • Accountability
  • Loyalty
  • Openness
  • Innovativeness
  • Efficiency
  • Customer-Centredness
Our Journey Through the Years

Multivest Microfinance Bank Limited has a rich legacy rooted in community development and financial empowerment

  • 1992 – Officially commissioned by the Executive Governor of Oyo State, Late Kolapo Ishola.

  • 1992–2006 – Operated successfully as a community bank with strong local acceptance.

  • 2006 – CBN mandated conversion from community banks to microfinance banks.

  • 2007–2009 – The Bank raised capital, restructured governance, secured approvals, and completed conversion to a microfinance institution.

  • 2009 – Received approval to operate as Multivest Microfinance Bank Limited.

  •  2009–Present – Continuous growth, innovation, governance restructuring, digital expansion, and increased product offerings.
Past Leadership

Former Chairmen

    • Major J. F. Kehinde (rtd)
    • Dr. O. A. Lawal
    • Late Chief R. A. Adewale
    • Barrister Soji Aderibigbe
    • Late Engr. ‘Yemi Kehinde

    • Late Chief Esuniyi Olagboyega

Former Managing Directors

    • Mr. Debo Olakanmi
    • Alhaja M. S. Aderounmu
    • Mr. Osuolale Owoade (August 2009 – March 2021)
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Testimonials

What Our Clients Say

Banking with Multivest MFB Limited made growing my business so much fast. Their loans are quick to access, and flexible to repay.
Wale Adebayo
CEO, Adebayor Enterprises
Growing my business has been so stress-free with the loans I secure from Multivest Microfinance Bank - thank you!
Adamu Bello
Director at Dynamic Autos
With the financial support from Multivest MFB, I get loans loans to improve my food business. They're truly supportive.
Catherine Uche
Director at Chatheylicious Foods
OUR PARTNERS

Meet Our Partners

We are legally recognised by the Federal Government of Nigeria, regulated by the CBN, insured by NDIC and collaborate with Bankers Committee.

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