Board of Directors
MR ADESOYE OLATUNJI (B.ENG, MBA, FCA) - CHAIRMAN
Mr. Soye Olatunji is a Chartered Accountant with a bachelor's degree in Chemical Engineering and an MBA from the University of Lagos.
He has over 30 years of cumulative experience in audit and tax consultancy, accounting, and general management.
He was General Manager, Best Oils Limited Ibadan, Oyo State and Finance Director, Vitamalt Plc, Agbara Industrial Estate, Ogun State. He joined Ventures & Trust Limited (V&T) as Managing Associate and Chief Financial Officer in 2003.
He joined Mutual Benefits Group in 2007 as Executive Director, Corporate Planning and Investment from where he left as Group Finance Director, to establish Mutual Exploration and Production Limited, in 2013.
He is an alumnus of SAID Business School of University of Oxford where he attended the Oxford Advanced Management & Leadership Programme.
MR OLUFEMI ASENUGA (B.Sc, M.SC, ACII) - DIRECTOR
Olufemi Asenuga holds a Master of Science Degree in Business Administration and a bachelor’s degree in Insurance from the University of Lagos. He is an Associate of the Chartered Insurance Institute, Nigeria. Femi was the best-graduating student in the finals of the B.Sc. Honours Insurance Examination.
He won the Femi Johnson & Co. prize as well as the Unity Life & Fire Insurance Company award for being the best overall graduating student in the Department of Insurance for 1989/1990 session.
Mr. Asenuga started his insurance career with Metropolitan Trust Insurance Company in 1993. He joined Custodian and Allied Insurance in 1995 as a pioneer staff and Assistant Manager in the Technical Department.
He joined Mutual Benefits Assurance Plc in 1997 as a Deputy Manager in the Technical Department. He rose through the ranks and was seconded to the Life subsidiary in 2007 as the pioneer Managing Director a position he held until his appointment as Managing Director of the Company in December 2019.
MR HAKEEM OGUNTOLA (MPhil., ACA, CPA) - DIRECTOR
Hakeem graduated with a first class honours degree in Agricultural Economics from Obafemi Awolowo University, Ile-Ife and also holds an M.Phil from the same institution.
He is a member of different professional accounting bodies in Nigeria, Canada and United Kingdom and has won many academic laurels.
An economist and chartered accountant with more than 20 years’ experience in finance, strategy and administration with multinational corporations in Nigeria, Canada and Ghana.
Prior to this appointment, Hakeem was Finance Director of Cadbury Ghana Limited, Ghana. He has performed in senior management roles in the finance and strategic functions of Cadbury Nigeria Plc, Nestle Canada Inc, and Coca-Cola (Nigeria) Bottling Company Plc.
MR ABIDEMI SONOIKI (M.Sc, ACIB, FCIA) - DIRECTOR
Abidemi Sonoiki is a graduate of Accounting and has two Master's degree to his name. He is also currently pursuing a PhD at Portsmouth University, England.
Mr Sonoiki is an astute banker with two decades' experience in Banking operations, Treasury (foreign and local) and Marketing, having worked at various times at Sterling Capital, Marina International Bank Limited, First City Monument Bank Plc and Heritage Banking Company Limited.
He is a Fellow of the Institute of Credit Administration and the Institute of Credit and Collection Management; an Associate Member of the Chartered Institute of Bankers of Nigeria and Scotland and the Nigeria Institute of Management.
He has attended courses within and outside Nigeria including the Lagos Business School; Goldman Sachs, London; Bangor Business School, England and Harvard Business School.
He is currently the Chief Executive Officer of Noik Energy Limited.
SENAPON AJASA (B.Sc, MCIB, ACA) - MANAGING DIRECTOR
Ajasa Senapon Olubanwo is an accounting and audit professional with over 12 years cognitive experience in the financial services industry.
He started his career at Stallion Home Savings and Loans Limited, later Stallion Microfinance Bank in 2012 as an Accountant, and rose to the position of Chief Financial Officer. He also worked with the Lagos State Government as an Auditor.
He joined Interstate Securities Limited in 2022 as Head of Internal Audit and Risk Management before joining Mutual Benefits Microfinance Bank as the Head of Internal Audit and Risk Management in 2023. He is currently the Managing Director of the Bank.
He is an Associate of the Institute of Chartered Accountants of Nigeria and a Certified Microfinance Banker.
He lectures several students many of whom are currently Chartered Accountants. He also mentors several students and professionals in accounting and audit.
He is happily married with two boys.