Board of Directors

Wale Olaoye


Ayorinde Adeonipekun

Managing Director/CEO

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Olaribigbe Jimoh Osabiya is a vision-oriented leader and seasoned practitioner with over 25 years in financial services business spanning Funds/Portfolio Management, Credit analysis, Risk Management, Financial Planning, Share Registration & Administration, Microfinance Banking, Capital Market/Investment Banking, Leadership, Business Strategy and Relationship Management. He is the Founder/Group Managing Director of Reliance Microfinance Bank Ltd, Reliance Capital Ltd (an Asset Management & Advisory Services Company licensed/regulated by Securities & Exchange Commission) and Zedstone Resources Ltd; a real estate & investment company. He was the Chief Executive Officer of Wema Registrars Limited (a subsidiary of Wema Bank Plc) for about six years before he left in November 2015 to pursue his aspirations by establishing Reliance Microfinance Bank in January 2016.  

Prior to this, he worked with many top-rated financial institutions and rose through the ranks to Executive Management level. These includes; FCMB/CSL Group, Prudent Bank, Skye Bank (Corporate & Investment Banking), Skye Stockbrokers now Securities Africa Financial Ltd (Group Head, Finance & Operations), and UBA Plc Group where he led the transformation team of the then Registrars department of the Bank to a full-fledged subsidiary company (UBA Registrars Limited now Africa Prudential Plc) responsible for developing and implementing seamless techno-based operational model, new business development and building human capital. His significant contribution earned him promotion and appointment as the Chief Operating Officer of the subsidiary in January 2008 and he resigned in December 2009 to take up the leadership of Wema Registrars Limited. He has been involved in many landmark financial transactions and management of Funds under Management in excess of N80 billion while working with his previous employers.

Jimoh holds in Banking & Finance as well as MBA, Marketing from Olabisi Onabanjo University and Lagos State University respectively. He is an Alumnus of Lagos Business School, also attended Pan African Advanced Management Program at IESE Business School, (University of Nivara) Barcelona, Spain (2011), and International Management Program in Nanyang Business School, (Nanyang Technological University) Singapore in December 2015.

A distinguished fellow of Chartered Institute of Bankers Nigeria (FCIB), Institute of Capital Market Registrars Nigeria (FCMR), A Microfinance Certified Banker (MCIB) and Associateship of both Nigerian Institute of Management and Certified Pension Institute of Nigeria. He is a self-motivated entrepreneur with good interpersonal relationship skill and presently the Financial Secretary of the Chartered Institute of Bankers, Lagos Branch.

Olujide Olukole is a Financial Consultant and currently the Managing Partner of Richardson Business Services Limited, a Consultancy firm that specializes in business advisory, turnaround management and strategic planning.
He studied Economics at the University of Ibadan, graduating with a Second Class Upper Division, he also did his Master’s Degree in Economics in the University of Lagos. Olujide Olukole is among the pioneer MBA holders with specialisation in Finance Management from Lagos State University.

He had over fourteen years of experience in the Banking industry, specializing in the following areas; retail Banking, credit appraisal & administration, operations, branch management and loan recovery.

Olujide is an associate of the Chartered Institute of Bankers of Nigeria (CIBN). He is also a qualified stockbroker and an authorised dealer of the Nigerian Stock Exchange (NSE), he worked with BGL Securities Limited, between 2008-2015, before becoming the Managing Partner of Richardson Business Services Limited, one of the notable and accredited consultants at Bank of Industry. He is also a Director with Vast Concept Nigeria Limited, an export oriented trading company.

He is currently the chairman of Reliance Microfinance Bank

Wale is a high riding Risk Management Professional and business strategist committed to the transformation of private security’s value and impact on business and national security in Nigeria. His professional experience spans twenty-five years across four continents with extensive capacity and influence to resource globally. He is currently the Group Managing Director of Halogen Group.
He was formerly the Country/Group General Manager of TNT International (global leaders in Express, Mail, Logistics & Aviation)/IAS Express Nigeria where he also had responsibility for the overall business management for Nigeria and West Africa including network and line haul security. He was also a former Chief Operating Officer of Impex Worldwide Limited, Nigeria and United Kingdom.

A member of the American Society for Industrial Security (ASIS), Member, Association of Licensed Professional Security Practitioners of Nigeria (ALPSPN), Fellow Nigerian Institute of industrial security; FNIIS; Fellow International Institute of Professional Security, FIIPS; Police Community Relations Committee (PCRC) and Member Institute of Directors, IOD; Alumnus University of Ife, Lagos Business School, LBS; IESE Business School of University of Navarra, Barcelona, Spain.

A speaker at several local and intentional conferences and seminars.

Mrs Olaide Osabiya holds a BSc.Hons (Business Administration) from the prestigious University of Lagos, Akoka, Yaba, Lagos.

She is an achiever and a successful businesswoman with passion for excellent customer service who has also attended various trainings in leadership, entrepreneurship, human resources, selling etc.

Olaide who is currently the Managing Director of Vicdakem Ventures, a trading company and also serves as a Director on the board of Deyomax Limited (a real estate company).

Ayo, an alumnus of the prestigious Lagos Business School, holds a Bachelor of Science Degree in Accounting (Second class Upper division) and a Master’s degree in Finance, both from Olabisi Onabanjo University, Ago-Iwoye. He also has a good Higher National Diploma in Accountancy from Yaba College of Technology. He is currently undergoing his PHD (Finance) programme in Olabisi Onabanjo University.
He qualified as a Chartered Accountant (ICAN) in May 1997 and was admitted a Fellow of the Institute of Chartered Accountants of Nigeria in 2013. He is a Certified Microfinance Banker (CIBN) and an Associate Member of both the Chartered Institute of Taxation of Nigeria and the Chartered Institute of Stockbrokers. He is equally an Authorized Dealing Clerk of the Nigerian Stock Exchange and a Registered Capital Market Operator/Sponsored Individual with the Securities & Exchange Commission.

Ayo had his Professional Practice experience with Soga Oludemi & Co. (Chartered Accountants) in Lagos and started his post qualification banking career with Marina International Bank (Now Access Bank) in the year 2000 and left in 2005 as Assistant Manager/Head of Management Reports & Returns in the Financial Control department of the Bank. He had a brief Stint with Crossworld Securities Limited in 2005 before he joined Sterling Bank in 2006 as Assistant Manager in charge of Market Risk Management and later joined FCMB as Head of Financial Reporting.

As a result of his strong interest in Development Finance, he left First City Monument Bank Plc as Head of Financial Reporting in 2007 to build a career in the Microfinance subsector during which he garnered quality experience and International exposure in the running of sustainable NGOs and Microfinance Banks in Kenya, Gambia, Ethiopia, Ghana, Istanbul and India. He was the Managing Director/CEO of Susu Microfinance Bank between 2011 and 2015 after which he ventured into the capital market space to build a career in investment banking by joining Network Capital Limited (A member of the Nigerian Stock Exchange) as Chief Dealer. He left Network Capital Limited to join MBL Financial Services (Member of Nigerian Stock Exchange) in 2019, also as a Chief Dealer, a position he held before joining Reliance Capital Limited as the pioneer Managing Director/Chief Executive Officer in 2020.

Ayo’s expertise in the areas of Strategy formulation, business process re-engineering, mergers & acquisition, financial modelling, Investment Banking and risk management is well acknowledged in the finance industry in Nigeria. He currently facilitates for NGX Academy of the Nigerian Stock Exchange and a number of professional bodies including ICAN, CIBN and NAMB.