Joda: TAJBank Has Surpassed CBN’s Minimum Capital Requirement

Kayode Tokede

TAJBank, Nigeria’s fastest growing non-interest banks, has met the Central Bank of Nigeria’s (CBN’s) new minimum capital requirement for national non-interest banks, the Managing Director/CEO of the bank, Mr. Hamid Joda has said.

Joda confirmed the capitalisation feat during his interactive chat with journalists on the sidelines of an investment summit in Abuja.

With the compliance with the required minimum capital base as directed by the CBN, TAJBank has joined the rank of few banks that had already met or exceeded the CBN’s revised capital thresholds scheduled for enforcement from March 2026 by the apex bank.

Speaking on the achievement, he said: “I am happy to report that through the leadership of our bank’s board, which is led by an industry doyen, Alhaji Tanko Isiaku Gwamna,  and support of our valued shareholders and investors, TAJBank has fulfilled the mandatory recapitalization requirement and is now fully prepared for a more customer friendly, innovative banking services delivery to our growing customers nationwide.

“Let me also use this opportunity to commend the CBN Governor, Mr Olayemi Cardoso, and the management of the apex bank for the recapitalization initiative, which by all assessment standards, will reposition Nigerian banks for competitiveness in the rapidly changing global banking space.”

“I want to assure all our shareholders, new investors and customers that TAJBank will continue to prioritize their interests in our operations in the management’s sustained drive to add value to every kobo invested in the bank, ” Joda assured.