Dr. Olabanjo Obaleye - Managing Director Chief Executive Officer
Dr. Olabanjo Obaleye, Managing Director and Chief Executive Officer of Infinity Trust Mortgage Bank Plc – one of Nigeria’s leading national Primary Mortgage Institutions – is a seasoned and consummate banker, chartered accountant, mortgage and real estate development expert, and corporate strategist with over 20 years cognate experience in commercial and mortgage banking. He began his banking career in Afribank Nigeria Plc (now Skye Bank), in 1991, and later moved to the defunct Midas Bank and Societe Bancaire Nigeria Limited respectively, where he, at various times, worked and headed all aspects of banking operations from Tellering, Reconciliation, Clearing, Customer Service, Internal Control, Marketing to Branch Management.
In 2004, Mr. Obaleye joined Infinity Trust Mortgage Bank Plc (formerly known as Infinity Trust Savings and Loans Limited), as Acting General Manager, at a very precarious period when the bank was at the brink of collapse having received a notice from the Central Bank of Nigeria to wind down operations within 30 days due to its high negative balance sheet. Undeterred by the nearly hopeless situation he met on the ground, Mr. Obaleye immediately took the bull by the horns by developing and implementing several far-reaching “game-changers” which helped to steer the collapsing bank back to profitability within a short period. Sequel to this uncommon feat, he was promoted to the substantive MD/CEO in 2006.
Since taking over as the Managing Director/Chief Executive Officer, Infinity Trust Mortgage Bank, under Dr. Obaleye’s watch, has experienced unprecedented turn-around resulting in the bank being listed on the Floor of the Nigerian Stock Exchange in 2013. Subsequently, in 2014, the bank became a National Mortgage Bank. Currently, ITMB Plc has equity shareholding in the Nigeria Mortgage Refinance Company (NMRC).
Dr. Obaleye who has a knack for selecting talented professionals brought on board several professionals in different fields to help achieve his vision.
This has paid off with the net assets of the Bank growing to over 6 billion naira as at 31st December, 2020. He has run a profitable institution that has consistently increased the wealth of the investors through annual dividend payments for 14 years running.
Expectedly, Dr. Obaleye’s passion for excellence and the untiring quest for unsurpassed value-added service delivery has won accolades for him and his bank both locally and internationally. Specifically, in 2015, he was listed among top Nigerian Chief Executives in the Financial Services and Insurance Industry in the international compendium which chronicles the most influential leaders and players in the country’s financial sector. In 2020, he was awarded as the ‘Most Admired Mortgage Bank of the Year’ by Africa Finance Awards.
Also, the Global Credit Rating (GCR), Africa’s number one credit rating agency, affirmed Infinity Trust Mortgage Bank Plc’s BB+ credit rating with a positive outlook in the long term and A3 with a positive outlook in the short term. Similarly, In 2019, Agusto & Co. affirmed the entity and servicer ratings of Bbb+ and SR3 respectively. The rating showcases the Bank’s strong capitalization, adequate liquidity and funding profile, qualified management team, satisfactory asset quality, efficient risk management processes, succession planning at the leadership level, ample business continuity framework, sound collection, and recovery procedures as well as a strong commitment to staff development.
Dr. Olabanjo Johnson Obaleye, MD/CEO of Infinity Trust Mortgage Bank Plc holds a Doctorate Degree in Business Administration (DBA) from Walden University, Baltimore, USA. He has an MBA with a specialization in Financial Management from the University of Abuja and BSc Accounting from Obafemi Awolowo University, Ile-Ife. He is an alumnus of Wharton Business School, Philadelphia, USA.
Dr. Obaleye is an accomplished professional with a fellowship at the Institute of Chartered Accountants of Nigeria (ICAN), an Associate of Nigeria Institute of Management (NIM), and the Chartered Institute of Taxation of Nigeria (CITN).
Dr. Obaleye serves on the boards of Nigeria Mortgage Refinance Company (NMRC), Veritas Packaging, Royal Mills, and Food Limited among others. He is also a member of the Mentoring Committee, Chartered Institute of Bankers of Nigeria (CIBN).
He has a deep belief in the possibility of shelter through an efficient and effective mortgage system anchored on proper policy and legislation that have the capacity to create a much-needed enabling environment.
Dr. Obaleye is married with 3 children. He plays golf.
Mr. Sunday Olumorin - Executive Director
Mr. Sunday Olumorin is a seasoned banker with over 20 years cognate experience in financial services consulting as well as commercial and mortgage banking. He joined ITMB Plc on 21st March 2005.
Unarguably one of the most experienced and versatile management staff in ITMB Plc whose wealth of experience has contributed significantly to the growth and transformation of the bank, Mr. Olumorin has headed many strategic departments and units in the bank including Business Development; Financial Control, Inspection, and Internal Control. Currently, he is an Executive Director.
Mr. Olumorin holds a Bachelor of Science (B.Sc) degree in Accounting from the University of Lagos, and a Master’s degree in Business Administration (MBA) from the University of Ilorin. He has attended several specialized training and workshops on Credit, Banking Operations, Management, Leadership, and Strategy in leading consulting firms in Nigeria, including H. Pierson Associate Limited, and Agusto & Co. Limited, among others. Also, he has attended several international seminars and workshops on Mortgage Financing in the United Kingdom and the United States of America, including the Wharton School, University of Pennsylvania, USA
Mr. Abiodun Akanbi - Group Head Strategy & Risk Management
Mr. Akanbi is multi-disciplinary finance professional. He has over 18 years of a very unique working career spanning Banking Operations, Credit, Asset Management, Securities Trading, Financial Advisory, Mortgage Finance, and Public Sector Finance. He started his career at UBA PLC and later moved to Broad Bank Limited (now part of Union Bank PLC). In 2006, Mr. Akanbi joined APT Securities and Funds Limited as Deputy Head, Capital Market, and later moved to Lead Capital Plc as a Senior Associate. Mr. Akanbi has worked as the Chief Operating Officer at Northbridge Investment and Trust Limited. He was also the Team Leader of the Research and Market Intelligence Unit at Debt Management Office (DMO) before joining ITMB PLC in 2012.
He holds a B.Sc. degree in Economics from Bayero University Kano, and Masters in Banking and Finance (MBF) and MBA respectively, from the same University. He is an Associate Member of the Chartered Institute of Stockbrokers (CIS); Association of Chartered Certified Accountant (ACCA); Chartered Institute for Securities and Investment (CISI), United Kingdom, Chartered Institute of Bankers Nigeria (CIBN) where he won the prize as the best candidate in International Trade and Finance and the Nigerian Institute of Management (NIM). Also, he is an Authorized Dealing Clerk at the Nigerian Stock Exchange.
Mr. Samson Afokoghene Agbaka - Chief Financial Officer
Mr. Samson Agbaka is a qualified and seasoned Accountant with over twenty years of professional experience. He has diversified experience in accounting, internal and external audit, tax, financial reporting & strategy, risk, budgeting & corporate planning, credit & mortgage finance, treasury mgt. corporate finance, project mgt, HRM, etc.
He started his professional career in an audit firm in 1996 where he worked for 10 years and rose to be a manager in charge of some financial institutions and corporations. In 2006 he joined Abuja Markets Management Limited where he pioneered the Internal Audit Department and was responsible for many of the company’s business, operational and control processes. He joined Unity Bank Plc in 2008 as an Assistant Manager in Financial Controls and rose to become the Head of Financial Reporting where he was responsible for the management, financial and statutory reporting functions of the Bank. He also worked in the Strategy Department of the Bank for one year. He joined Infinity Trust Mortgage Bank Plc in May 2014 as the Chief Financial Officer. As CFO, he is responsible among other things for financial strategy, financial reporting, treasury mgt, tax mgt, and corporate planning.
He holds a Higher National Diploma in Accountancy from Federal Polytechnic, Bida, Nigeria, and an MBA from the Ahmadu Bello University Zaria. He also holds a Diploma in Int. Housing Finance from the Ivy League Wharton Real Estate Centre, University of Pennsylvania, USA. He is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and a Fellow of the Chartered Institute of Management Accountants of the United Kingdom (FCMA). He is also a Chartered Global Management Accountant (CGMA) with the Association of International Certified Professional Accountants of the United States and a Chartered Global Investment Analyst (CGIA) with the CGIA Institute New York. He is a registered professional with the Financial Reporting Council of Nigeria (FRCN).