Garki Microfinance Bank Gets 2 New Directors, Restates Commitment To Excellent Financial Inclusion

Garki Microfinance Bank, Limited has gotten two new Directors.

They are Mr Christopher Abu, Managing Director and Mrs Christy Sani Yakubu, Non Executive Director.

Names of the new Directors were announced this Thursday, 12th of December, 2024 during the Extraordinary General Meeting, EGM, of the Microfinance Bank held in Abuja.

The appointment of the new Directors was proposed by the Board of Directors for passage at the EGM.

The Shareholders unanimously voted for the appointment of the two Directors as proposed by the Board of Directors.

Speaking with newsmen during the EGM, the Chairman, Board of Directors of the Garki Microfinance Bank Limited, Alhaji Mohammed Bashir Ahmed said the Bank which has been in existence for 30 years is the oldest in the FCT and invariably in Nigeria.

Alhaji Ahmed stated that the Bank is one of the few Microfinance Bank in the FCT which interest rate is low and friendly and that has over the years created goodwill for the Bank.

According to him, it started as Community Bank in 1994 and metamorphosed to Microfinance Bank when the Central Bank of Nigeria, CBN, advised that Community Banks can do so in 2005.

He explained that the Microfinance Bank is consistent in online services with efficient and reliable mobile app that can make the Bank’s customers operate their account from the comfort of their homes.

In his words “the Microfinance Bank also issue ATM cards, give its customers POS terminals for their businesses both merchant and agency banking and also engage in salary administrstion with Ministries, Departments and Agencies, MDAs which domicile the salaries of their staff with our Bank”.

While restating the Bank’s commitment to efficient financial Inclusion, Alhaji Ahmed promised its best service delivery to the Bank’s customers within and outside the Federal Capital Territory.

Earlier in his remarks, the New Managing Director, Garki Microfinance Bank Limited, Mr Christopher Abu said in the new year 2025, the Bank would serve its customers more better, give them better rate for their investment, make the Bank’s lending rate attractive and improving on the Bank’s ICT infrastructure.

Mr Abu who expressed that the Microfinance Bank sector is over regulated stressed the need for the CBN to allow Microfinance Banks operate internationally and not restricted to their locality.

While appreciating the Bank’s customers for their loyalty over the years, Mr Abu advised them to do more business with the Bank , increase their investment on the Bank’s investment packages and those that wants to upscale their businesses should reach out to the Bank through its various products and services.