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Ikorodu Division Microfinance Bank Limited has announced the appointment of Adebayo Oteju as its new Chairman, bringing decades of diverse leadership and project management experience to the bank’s board.
A seasoned professional with over 20 years of experience in both Nigeria and the United States, Oteju’s career is distinguished by exemplary leadership across finance, real estate, policy development, and community engagement.
Oteju is well-regarded for his organizational and team-building abilities. Prior to his appointment as Chairman, he served as the Managing Director of the microfinance bank, where he successfully oversaw microlending operations, focused on community development, and ensured profitability for investors.
As the Executive Estate Director and Project Manager of Oteju Properties Nigeria Ltd and Founder of BUBATTS International, Oteju has a proven track record of managing and delivering impactful projects that benefit society. Additionally, as Deputy Director General of iCare Foundation, Oteju played a key role in the establishment and daily operations of Nigeria’s first fully functional monthly food bank, which serves over 500 people each month.
After relocating to the United States, Oteju continued to excel professionally, serving as a Rehab Specialist and Team Lead with Emerge Baltimore Inc. and currently with Sheppard Pratt. In these roles, he coaches clients on life skills, organizes outreach programs, and ensures compliance with regulatory frameworks.
Speaking on his appointment and the bank’s future in an interview with BlackBox Nigeria, Oteju expressed his enthusiasm for the role, emphasizing his commitment to driving innovation and achieving impactful results.
“I am pleased to inform you that we have already begun work, and with the invaluable support of our outgoing Chairman, the bank is on track to launch its Internet banking operations by the end of the first quarter of 2025. Our software provider, BankOne, has been mobilized, and all necessary logistics are in place to bring this vision to life,” Oteju stated.
He further highlighted the importance of security and operational precision, adding:
“Internet banking is undoubtedly a challenging endeavor, and I am pleased to assure you that we are implementing robust security measures to safeguard our daily operations and ensure secure interactions both internally and with our external partners. During a recent management meeting, which evolved into an intensive training session, we discussed the impacts, implications, and expectations of transitioning to Internet banking. It was emphasized that we must adhere strictly to operational guidelines, especially in this new era where the stakes are significantly higher.”
Oteju holds a B.Sc. in Business Administration from the University of Ilorin, Nigeria, and has pursued various professional certifications. His appointment reflects the bank’s ongoing commitment to community development, advancing customer-focused banking services, and ensuring the sustainable growth of its operations.
