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SIFAX Group launches new financial services subsidiary

Mrs. Olubukola Abitoye

In order to take
full advantage of emerging opportunities in the financial sector in the country
and across the West African territory, SIFAX Group
has launched a
new subsidiary, Sky Capital and Financial Allied International Limited.

The new subsidiary is an investment and asset
management firm that offers wealth creation opportunities through a unique
blend of traditional investment management and alternative investment services.

Some of the services that the new firm offers
include strategic financial planning advice to SMEs, investment portfolio/funds
management, bureau de change operations (BDC), foreign exchange (FOREX),
insurance brokerage and credit assessment & analysis.

The company will, in the second phase of its
growth, also offers services like microfinance/consumer lending and corporate
funding after licensing by relevant regulatory agencies has been finalised.

Sky Capital and Financial Allied International
Limited will also oversee the management of the commercial banks which SIFAX
Group recently acquired in The Gambia and Sierra Leone.

Speaking on the newly-established firm, Mr.
Adekunle Oyinloye, Group Managing Director, SIFAX Group, said the decision to
invest in the financial sector was part of the company’s ongoing restructuring
and strategic growth planning, aimed at diversifying the investment portfolio
of the organisation.

To drive this new business, SIFAX Group has
appointed Mrs. Olubukola Abitoye as the General Manager of the company. A
seasoned banker and financial strategist who has previously worked at Skye Bank
Plc, Stanbic IBTC Bank, United Bank for Africa and Keystone Bank Limited, Abitoye
brings over a decade of professional experience to her new role.

She holds a Master’s degree in Business
Administration from Charisma University, Turks and Caicos Island, North America
in year 2014 and a Bachelor’s degree in Management and Accounting from Obafemi
Awolowo University Ile-Ife, Osun State.

She is an associate
member of Nigerian Institute of Management (NIM)
and Institute Chartered Accountants of Nigeria

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