The Federal Government, on Tuesday, commended one of Africa’s fastest-growing financial institution, Moniepoint Inc., for its significant contributions to the financial technology sector, its commitment to advancing financial inclusion, and its partnerships with law enforcement agencies to combat financial fraud.
It lauded their innovative use of technology to tackle financial challenges and their efforts in empowering small and medium-scale enterprises (SMEs) across Nigeria.
The Vice President, Senator Kashim Shettima, disclosed this in Abuja, while receiving the Moniepoint’s leadership team led by its Chief Executive Officer, Tosin Eniolorunda, on a courtesy visit.
Vice President described Moniepoint’s team as a “kaleidoscope of colors,” reflecting Nigeria’s rich multicultural identity, and applauded the company’s workforce of over 3,000 employees, including strong representation of women in leadership roles, as a model of inclusion and diversity.
He was pleased with the inclusion of individuals from various regions and backgrounds, including a notable representation of women in leadership and operational roles.
While celebrating their success, the Vice President emphasized the need for stringent auditing measures to prevent misuse of the platform by fraudsters and criminal elements.
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He urged Moniepoint to remain proactive in addressing these challenges, reaffirming the government’s support for its operations and global expansion plans.
The Vice President encouraged Moniepoint to continue expanding its global footprint, referencing his ongoing support for similar initiatives such as Amal Hassan’s Outsource to Nigeria project.
In his remarks, the CEO, Moniepoint Inc, Tosin Eniolorunda, expressed gratitude to the Vice President for recognizing Moniepoint’s efforts, highlighting their commitment to building a robust digital ecosystem.
In a statement, Eniolorunda emphasized Moniepoint’s commitment to Nigeria’s financial ecosystem, stating that the fintech giant has grown into Africa’s latest unicorn this year, a testament to its resilience and innovation.
