NPF MICROFINANCE BANK EXPANDS NATIONWIDE, REACHES 1.5 MILLION CUSTOMERS

Caption: L-R: Executive Director, Finance & Administration, Mrs. Olamide Akin-Balogun; Managing Director, Mr. Habeeb Yusuf; Executive Director, Operations, Mr. John Tizhe and Company Secretary & Legal Adviser, Mrs. Osaro Idemudia, of Nigerian Police Force (NPF) Microfinance Bank, at an interactive session with journalists in Lagos yesterday

NPF Microfinance Bank has quietly pulled off one of Nigeria’s most compelling financial growth stories. From a humble capital base of ₦500,000 in 1993, the institution has evolved into a national microfinance heavyweight with shareholders’ funds of about ₦13 billion, over 1.5 million customers and a footprint spanning 49 branches across all state capitals.

Speaking at a media briefing in Lagos, Managing Director, Habeeb Yusuf, revealed that the bank is now the only microfinance institution listed on the Nigerian Exchange, a distinction that signals rare stability, transparency and investor confidence in a sector often viewed with caution.
Though rooted in the Nigeria Police Force, the bank has steadily rewritten its’ identity. While police officers and the Nigeria Police Insurance Scheme jointly own about 76 per cent of the bank, civilians now make up the majority of its’ customers, accounting for roughly 55 per cent of salary-based products. Traders, artisans, farmers, civil servants and corporate clients increasingly rely on the bank’s growing suite of accounts, savings plans and loan products.

The Executive Director of Operations, John Kwabe Tizhe, noted that flagship offerings such as the Better Women Savings and Loan Scheme, Kids Education Savings, halal banking services and incremental housing loans, are designed to promote financial inclusion, family stability and long-term wealth creation.

Behind the numbers is a bank betting heavily on trust, technology and scale. With digital services ranging from mobile and USSD banking to ATMs, POS and online account opening, NPF Microfinance Bank says it mirrors the technological sophistication of commercial banks while maintaining one of the lowest non-performing loan ratios in the industry. Looking ahead, management plans to triple its’ balance sheet within five years and deepen nationwide visibility. As Executive Director of Finance and Administration, Olamide Akin-Balogun, urged journalists to spotlight credible operators, the bank’s message was clear; in a crowded microfinance landscape, resilience, regulation and reputation may be the ultimate currency.