About The Bank(ITMB) | Board of Directors | and Management Team | Awards and Recognitions | Financial Statements

Management Team

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 near hopeless situation he met on 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 of Infinity Trust Mortgage Bank, the bank has experienced unprecedented turn-around resulting in the bank being listed on the Floor of the Nigerian Stock Exchange in 2013, becoming a National Mortgage Bank in 2014. Currently ITMB Plc has equity shareholding in the Nigeria Mortgage Refinance Company (NMRC).

Unarguably, Dr. Obaleye’s uncompromising knack for excellence and his result-oriented management and leadership style have led to significant increase in the bank’s shareholders’ funds from less than N50m in 2003, to over N5billion in 2014. Also, the bank has maintained an unbroken record in terms of consistency in dividend payment to shareholders for twelve years running. In addition, the bank, under Obaleye’s leadership, has moved from a rented office to its own ultra-modern four-storey Corporate Headquarters located in Abuja’s busiest banking District in Garki. Currently, the bank has two branches in Abuja, and a branch in Lagos and Nassarawa states respectively.

Expectedly, Dr. Obaleye’s passion for excellence and 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. Also the Global Credit Rating (GCR), Africa’s number one credit rating agency, affirmed Infinity Trust Mortgage Bank Plc’s BB+ credit rating with positive outlook in the long term and A3 with positive outlook in the short term .This was in recognition of the bank’s improved competitive capacity, enhanced brand perception resulting from its transformation from a private limited liability company to a public company and the subsequent upgrade of its license to a National Primary Mortgage Bank.

Dr. Obaleye holds a B.Sc degree in Management and Accounting from Obafemi Awolowo University, Ile-Ife, and Masters in Business Administration ( Financial Management) from University of Abuja. He is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN), Nigeria Institute of Management (NIM), Chartered Institute of Taxation of Nigeria (CITN), and Institute of Credit Administration.He recently bagged a Doctorate in Business Administration (DBA) with specialization in Mortgage Finance from the prestigious Walden University, USA. An alumnus of Wharton Business School, Philadelphia, USA., Obaleye has attended many high profile seminars, symposia, training workshops, conferences, and courses locally and internationally, and delivered thought-provoking papers in diverse fields of human endeavour, spanning banking and finance, mortgage and real estate, leadership, human capital development, corporate strategy and business process re-engineering. Widely travelled, Banjo (as he is fondly called), is an ardent lover and player of golf.

Mr. Sunday Olumorin - Group Head, Operations and Information Technology

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 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 the Group Head, Operations and Information Technology.

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 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 United States of America, including the Wharton School, University of Pennsylvania, USA

Mr. Abiodun Akanbi - Group Head Strategy & Risk Management

Mr. Akanbi is a multi-disciplinary finance professional. He has over 18 years of 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 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).


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