Honeypays Micro Credit Investment Ltd. has announced a new management at the the company.
In a statement issued on Thursday, the company stated the new management team will be headed by Richard Ododo as MD/CEO.
The statement reads: “ANMFIN, the apex body for all Microfinance Institutions, Financial Cooperatives, Women/Trade Associations and Informal Savings & Credit in Nigeria is pleased to inform concerned investors/customers/clients and the investing public of the approval of a new management team for Honeypays Micro Credit Investment Ltd.
“This is in the light of the temporary liquidity challenge facing the organization. New investors are taking over the asset and liability of the company and have appointed a new management team to steer the ship.
“Mr Ododo serves with 30 years and more experience insurance practitioner in the insurance industry cutting across various functional areas specifically Insurance Brokerage, Insurance Underwriting and Risk Management.
“He is an alumnus of the prestigous Lagos Business School [Pan African University]. Having bagged an MBA in Risk Management and Insurance from the Enugu State University (ESUT Business School), we, at Honeypays Micro Credit, trust he will justify the confidence reposed in him.”