BY PROVIDENCE OBUH

LAGOS—FFS Microfinance Bank, MFB, Limited will today make its debut into sub-sector with its commissioning in Lagos.
The bank is a state MFB duly incorporated in Nigeria and recently licenced by the Central Bank of Nigeria, CBN, in June 2014 to complement the activities of microfinance banks.

It is to provide banking financial services to small scale entrepreneurs, SMEs, and the active privileged in the society.
Managing Director of the bank, Mrs. Iyabosola Basua, disclosed this at a briefing held at the corporate head office at Ogba, Lagos, where she said the bank’s target was to become a regional bank by 2021.
Basua said the bank, which operation commenced on July 1, 2014, is fully owned by Foursquare Gospel Church in Nigeria.