The Osun Polytechnic Microfinance Bank held a 3-day retreat for its board of directors and management staff.
The retreat, which took place in Osogbo, aimed to enhance effective governance, responsive services to customers, and effective planning for 2025.
According to the Rector of Osun Polytechnic, Iree, Comrade Kehinde Alabi, the retreat aligns with the policy framework of the institution which centers on capacity building for all categories of staff.
Alabi said, “To the glory of God, barely a year ago, we discovered that there is a consensus of opinion and ideas on how to transform the institution. We have a common goal of taking the institution to greater heights. This retreat is part of our policy framework.”
Speaking on the recent developments in the institution, Alabi said, “We have increased the number of courses for this year alone, and we have played roles to our regulatory agencies, the NBTE, where ten courses were newly introduced within the short period.
“The new courses are in terms of the courses that are relevant to the needs in our environment. We have Geology, Technological at ND level, we have Water resources engineering.”
Alabi also announced the institution’s affiliation with two universities. “We have affiliation with Nnamdi Azikwe University, where we have a choice of courses, almost seven courses, including Computer Science Education, Electrical Electronics, Woodworks, and others.
“We also have another affiliation for degree programs with the University of Ilorin, Ilorin, Kwara State where we have choice different and strategic courses, ten of them, including degree in Mass Communication, Business Administration, Accounting, Food Tech, Computer Science, Micro Biology, Elect Elect, Mechanical Engineering, and Computer Engineering and Mathematics.”
The Registrar of the institution and member of the Board, Abiodun Oyedele Oloyede, noted that the retreat would aid the effectiveness of the bank for better performance in 2025.
“The retreat is to avail us of the opportunity to learn more about corporate governance and how to work well to reshape our bank going forward,” he said.
The Managing Director of Ospoly Microfinance Bank, Dauda Adebisi Balogun, highlighted the bank’s goals for 2025, including improving performance and increasing profitability.
“We want to assure our customers that we are trying to be responsive, transparent, and compliant with regulatory requirements. If you look at the set of facilitators for this retreat, you’ll understand that we mean business,” he said.
The retreat featured experts in the financial sector as facilitators, providing training on corporate governance, risk management, and financial planning. The event was attended by the board of directors, management staff, and other stakeholders.
Leader of the facilitators, Dr Rasheed Alade Abdullahi commended the management of the institution and the bank for approving the retreat, which according to him, will position the bank for effective service delivery.
