Credite Capital holds 3rd AGM, declares dividend, bonus script

Credite Capital Finance and Investment Limited has declared a total asset of N1.49 billion for the financial year ended December 31, 2019, against the N1.21 billion achieved in the corresponding period of 2018, an increase of 23.79 per cent.

Its Chief Executive Officer, Mr Segun Ogunleye, made this known at the company’s third Annual General Meeting (AGM) on Wednesday in Lagos.

Credite Capital Finance and Investment Limited, a licensed finance company in the business of leasing, loans and advances, funds investment and financial capital services recorded dividends of N15 million and a bonus script of N20 million.

“The report we have presented is the true position of the company in terms of the result and performance and we are on the right path.

“We have been able to deploy technology to drive our business to engage in fintech services and to meet the needs and expectations of the investing public, as we identify our clients and carve a niche in our industry,” he said.

The CEO also charged companies on its responsibility in the area of Corporate Social Responsibility (CSR) by engaging with schools, orphanages and people living with disabilities.

“We have a programme for them, and even in our immediate environment, we look for ways to add value to the area where the company operates.

“We are looking to have a scholarship programme in the near future and apart from the fact that we give money to some schools for their working capital, we give them support for their programmes.

“We also have an orphanage that we provide for on a monthly basis in terms of utilities,” he said.

Speaking on his projections for the year 2020, Ogunleye stated, “Even with 2020 being the way it has been, especially with the impact of COVID-19 and the aftermath of the #EndSARS protest, it is a year that has also been full of opportunities.

“This same year, we ventured into public sector lending and the results are looking good.

“The organisation is also looking at venturing into mortgage bank financing and venture capital,” he said.

Leave a Reply

Your email address will not be published. Required fields are marked *

The reCAPTCHA verification period has expired. Please reload the page.