Board of Directors Profile
Princess Abike Bayo-Ilawole
Chairman
Princess Abike Bayo-Ilawole
Her career with OSOPADEC began as the first Administrative Officer, and she has held several key positions, including Director of Finance and Administration, and Acting Secretary. Before her current role, she served in various capacities in other Ondo State government agencies, including the Teaching Service Commission (TESCOM) and the Ministry of Environment.
Born on June 22, 1975, in Ilaje Local Government Area of Ondo State, Princess Bayo-Ilawole has steadily risen through the ranks of public service, becoming a notable figure in the state's administrative landscape.
Dr. Oyelade Olanrewaju H.
Director
Dr. Oyelade Olanrewaju H. (B.A., MA, MSc, PhD Fellow)
Director
Date of Birth: August 30, 1969
Nationality: Nigerian
Marital Status: Married
Oyelade Olanrewaju H. is an accomplished professional with a diverse background in business administration, international relations, and strategic studies. Born in Ondo State, she holds a B.A. in History from Ondo State University, Ado-Ekiti, and an MA in Business Administration from the same institution. She further enhanced her academic credentials with an MSc in International Relations and Diplomacy from Afe Babalola University, Ado-Ekiti, and is currently pursuing a PhD in Policy and Strategic Studies at City University, Cambodia.
A member and graduate of the National Institute of Marketing of Nigeria (NIMN), Oyelade Olanrewaju H. has demonstrated strong leadership and managerial skills throughout her career. She has been serving as a Director at Memphis Microfinance Bank since 2020 and is the CEO of Laps Business Venture, a role she has held since 2016.
Her extensive experience spans multiple sectors, including telecommunications, hospitality, and event management. She previously served as the CEO of Goodluck Restaurant in Akure, Ondo State, and as the Regional Head at Time and Chance Ltd, an Airtel Franchise in Ibadan. Additionally, she held key positions at Jorgor Events Center, Oda Telecoms (O'net), and Ekimiks Nigeria Limited.
Oyelade Olanrewaju H. is also known for her excellent communication skills and team spirit. Her passion for leadership and development was evident during her tenure as President of the Odua Chapter of Junior Chamber International Nigeria (JCIN) in 2005, where she organized training and seminars. She continues to serve as a Senator in JCIN, contributing to the growth and empowerment of young professionals.
With a wealth of experience and a strong commitment to excellence, Oyelade Olanrewaju H. brings valuable insights and strategic direction to the board of directors at our microfinance bank.
Dr. Koledoye O. Victor
Director
Dr. Victor Koledoye (MBBS, MWACP, Dip. Occ. Health, MPA)
Director
Dr. Victor Koledoye is a distinguished medical and management professional with extensive experience in both healthcare and administrative roles. He holds a Bachelor of Medicine, Bachelor of Surgery (MBBS) from the University of Ibadan, Nigeria. He further advanced his expertise with a Master of Public Administration (MPA) from Singapore, and has completed postgraduate training in Laboratory Medicine (MWACP) and Occupational Health (Dip. Occ. Health) from institutions in Illinois, Chicago.
Currently serving as the Executive Secretary of the Ondo State Oil Producing Areas Development Commission (OSOPADEC), Dr. Koledoye has a notable track record in healthcare and public administration. His diverse qualifications and professional experiences have equipped him with a comprehensive understanding of both medical and strategic management.
His role at Memphis Microfinance Bank as a director also highlights his versatility and commitment to organizational excellence. Dr. Koledoye’s blend of medical expertise and administrative acumen provides valuable insights and leadership to the board.
Mr. Ogbone V. Ikuomola
Director
Ikuomola Vincent Aghone (BSc, MSc, PhD Fellow, FCA)
Director
Date of Birth: September 10, 1965
Nationality: Nigerian
Marital Status: Married
Ikuomola Vincent Aghone is a distinguished accountant and economist with extensive experience in both the public and private sectors. Born in Ugbonla town, Ilaje Local Government of Ondo State, he has built an impressive academic portfolio, including a BSc in Accounting from the University of Nigeria, Nsukka, an MSc in Economics from Lagos State University, and an MSc in Accounting from the University of Lagos. He is currently pursuing a PhD in Accounting at Adekunle Ajasin University.
A Fellow of the Institute of Chartered Accountants of Nigeria (FCA), Ikuomola Vincent Aghone’s career has spanned various roles, starting as a Revenue Officer at the Board of Internal Revenue, Katsina, from 1991 to 1992. He then worked in several prominent organizations, including Edesiri Ubiaro & Co., Lagos, Omenac Industries Ltd., and Anochemical Cosmetics Industries. In 2001, he founded Offspring Consult and Management Services, leveraging his extensive industry experience.
From 2002 to 2006, Ikuomola Vincent Aghone served at the Ondo State Local Government Civil Service Commission, and concurrently, he was a Lecturer at Rufus Giwa Polytechnic, Okitipupa Study Center. Since 2006, he has been with the Ondo State Oil Producing Areas Development Commission (OSOPADEC), further contributing to the development of his home state.
With over three decades of experience in accounting, economics, and management, Ikuomola Vincent Aghone brings a wealth of knowledge and expertise to the board of directors at our microfinance bank.
Hon. Barr. Olugbenga Edema
Director
Hon. Barr. Olugbenga Edema (Director)
Barr. Olugbenga Edema born in the rustic village of Ogogoro, Ilaje Local Government Area of Ondo State on 15th November, 1966, Olugbenga had his early primary education at the L. A. primary school, Ogogoro and Urban Community School, Abakaliki, Ebonyi State.
For his secondary education, he attended Erinje Grammar School, Ode-Erinje, Ondo State between 1977 & 1978 and Doherty Memorial Grammar School, Ijero- Ekiti, Ekiti State between 1978 & 1982.
The young Gbenga then proceeded to the famous Obafemi Awolowo University, Ile-Ife, where he bagged a Bachelor’s degree in Geography, Social Sciences in 1990 and served in the National Youth Service Corps (NYSC) Programme at Gbogan/Ode-Omu Anglican Grammar School, Gbogan, Osun State.
He later proceeded to the prestigious University of Ibadan, Nigeria for his degree in Law which he successfully completed in 1999. Barrister Edema was called to the Nigerian Bar on the 3rd of July, 2001.
Olugbenga Edema is a member of many professional Organisations including the Nigerian Bar Association and the Chartered Institute of Arbitrators. Prior to his appointment as the Chairman of OSOPADEC, he was the principal partner, Olugbenga Edema & Co., a firm of Legal Practitioners doing business in Akure, Ondo State.
Gbenga had his early stint with politics in 1998 as a member of the Peoples Solidarity Party, one of the many political associations aspiring for registration under the General Ibrahim Babangida transitional programme.
He moved to the Social Democratic Party (SDP), one of the two political parties created by the Babangida administration where he held a number of significant positions including Delegate to its National Convention before the abolition of the two parties by General Sanni Abacha in 1993.
With the return to democratic rule in 1999, Gbenga joined the People’s Democratic Party (PDP) wherein he contributed immensely to its success in the 2003 elections. Subsequently, he served as member of the Ondo State Sports Council (2005–2007) and the Ondo State Scholarships Board. He joined the Labour Party (LP) at a colourful ceremony held on 24 May 2010 in Igbokoda, Ondo State and was elected as member representing Ilaje constituency II at the State House of Assembly in 2011.
He later joined the All Progressives Congress, APC, on the 23rd of October, 2014 and he re-contested but lost re-election in 2015.
He was appointed as the Board Chairman of Ondo State Oil Producing Areas Development Commission, OSOPADEC by the Governor of Ondo State, Arakunrin Oluwarotimi Akeredolu and Inaugurated on the 10th of April, 2017.
Barrister Edema is happily married with wonderful children.
Mr. Ogunbure Seyifunmi
Director
Mr. Ogunbure Seyinfunmi (B.Sc, MBA, MSc, AMNIM)
Director
Date of Birth: April 19, 1958
Nationality: Nigerian
Marital Status: Married
Ogunbure Seyinfunmi is a seasoned finance and management professional with a rich academic and professional background. He holds a B.Sc. and MBA from the University of Lagos, as well as an MSc from the Federal University of Technology, Akure. He is an Associate Member of the Nigerian Institute of Management (AMNIM), demonstrating his commitment to professional excellence.
His extensive career began at Union Bank of Nigeria PLC, where he worked from 1981 to 2006, rising through the ranks from a Clerical Officer to Cash Manager. His roles included Clerical Officer, Supervisor, Account Officer, and Accountant, providing him with a broad understanding of banking operations.
Ogunbure Seyinfunmi's passion for education led him to serve as a Part-Time Lecturer at Lagos State University from 2006 to 2011 and at Crown Polytechnic, Ilawe-Ekiti, from 2011 to 2012. He also contributed to the academic sector as the Director of Studies at St. Mary Group of Schools, Ira Quarters, from 2013 to 2016.
With over three decades of experience in banking, education, and management, Ogunbure Seyinfunmi brings invaluable expertise and leadership to the board of directors at our microfinance bank.
Mrs. Akinde Funmilayo
Managing Director
Mrs. Akinde Funmilayo
HND, PGD Accounting, MCIB, MCP, AHSE, CNA, FIPMA, FAISM)
Managing Director, Memphis Microfinance Bank Limited
Mrs. Akinde Funmilayo Ruth is a seasoned finance professional and accomplished banker with over two decades of progressive experience in banking, finance, and administration. She is known for her result-oriented leadership and deep understanding of risk management, regulatory compliance, and financial control.
She holds a Higher National Diploma (HND) in Banking and Finance from Rufus Giwa Polytechnic, Owo, Ondo State, and an OND in Accounting from Osun State College of Technology, Esa-Oke. Mrs. Akinde has also earned multiple prestigious professional certifications including:
- Fellow, Chartered Institute of Loan and Risk Management of Nigeria
- Fellow, Institute of Professional Managers and Administrators
- Fellow, African Institute of Strategic Managers
- Certified National Accountant
- Member, Chartered Institute of Bankers of Nigeria
- Certified Microfinance Banker
- Graduate Member, Chartered Institute of Management
Her career began at Akungba Community Bank, progressing through key roles at Oroke Microfinance Bank and Ally Microfinance Bank, Abuja, where she served as Cash Officer, Head of Finance and Administration, and later as Managing Director. In 2021, she joined Memphis Microfinance Bank as Managing Director, where she oversees strategic growth, regulatory relationships, policy implementation, and investment decisions.
A passionate leader and effective communicator, Mrs. Akinde is committed to driving operational excellence, fostering team development, and ensuring regulatory compliance in all aspects of banking operations.
