The Board and Management of Tatum Bank have paid a courtesy visit to the Governor of Lagos State, Babajide Sanwo-Olu, as part of efforts to formally introduce the financial institution to the state government and strengthen collaboration towards economic growth and financial inclusion.
Delegation Details
The delegation was led by the Managing Director of Tatum Bank, Niyi Adeseun, alongside Executive Director George Oko-Oboh, Non-Executive Directors Tonya Lawani and Frank Okosun, as well as other members of the bank’s management team.
Bank's Background and Performance
Speaking during the visit, Adeseun explained that the name “Tatum” was derived from the Latin word “Tutum,” meaning “a safe haven,” reflecting the bank’s commitment to security, trust, and customer confidence. He disclosed that although the bank commenced operations in May 2025, it successfully achieved the recapitalisation benchmark set by the Central Bank of Nigeria within about 10 months, describing the feat as a reflection of strong investor confidence and stakeholder support.
According to him, Tatum Bank also recorded a Profit Before Tax of N1.7 billion within eight months of operations in the 2025 financial year, a performance he said highlights the institution’s rapid growth and strategic direction.
Commitment to Lagos Development
Adeseun commended Governor Sanwo-Olu for the infrastructural and economic transformation witnessed across Lagos State and reaffirmed the bank’s readiness to support the developmental goals of the state through partnerships and innovation-driven initiatives. He further noted that the bank had already partnered with the DAP Experience Centre by providing payment gateway infrastructure for the “I Love Lagos” initiative to enhance seamless digital transactions.
Governor's Response
Responding, Governor Sanwo-Olu welcomed the delegation and described Adeseun as a seasoned banking professional with years of industry experience and proven leadership capacity. The governor also praised the concept behind the bank’s name, noting that it reflected deliberate efforts to build a financial institution anchored on safety, trust, and reliability.
Sanwo-Olu reiterated that Lagos remains Africa’s largest sub-national economy and Nigeria’s commercial hub, stressing that his administration remains committed to supporting businesses and partnerships capable of driving economic prosperity and financial inclusion. He wished the Board and Management of Tatum Bank continued success and encouraged them to remain focused on delivering value to customers and stakeholders.
Other Attendees
Also present during the visit were the Deputy Chief of Staff to the Governor, Sam Egube, Commissioner for Finance Abayomi Oluyomi, and other senior officials of the Lagos State Government.
