Muham­mad Jib­rin

The Africa Report - - COUNTRY FOCUS -

In 2015, Sun­trust Bank – orig­i­nally a mort­gage fi­nance com­pany – won the coun­try’s first new com­mer­cial bank­ing li­cence since 2001. Chief ex­ec­u­tive Jib­rin has man­aged the in­sti­tu­tion through its meta­mor­pho­sis into a modern lender: it is the first branch­less bank in Nige­ria, do­ing what many banks talk about but few have the courage to fol­low through on. Jib­rin sees the le­gions of un­banked youth and Nige­ria’s thou­sands of cred­it­starved small busi­nesses as an op­por­tu­nity. With Sun­trust’s vir­tual doors thrown open in Au­gust 2016, an­a­lysts are keen to see its firstyear re­sults. Nicholas Nor­brook

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