Tatum Bank meets CBN recapitalisation benchmark

Folalumi Alaran in Abuja

Tatum Bank has said it has met the capitalisation milestone set by the Central Bank of Nigeria for financial institutions operating in the country.

The bank disclosed this in a statement on Monday, noting that the development strengthens its financial base and positions it to expand its operations within Nigeria’s financial services sector.

According to the statement, the milestone reflects the bank’s commitment to providing secure and reliable financial services to its growing customer base.

The Managing Director of the bank, Niyi Adeseun, said the achievement would enable the institution to pursue sustainable growth while improving service delivery.

He said, “This milestone is a strong affirmation of the solid foundation upon which Tatum Bank was built. Our vision has always been to create a safe financial haven where customers can confidently pursue their financial goals.

“We will continue to build on this accomplishment by strengthening our commitment to delivering seamless and reliable banking experiences for our customers.”

The Chairman of the bank, Samuel Ologunorisa (SAN), said the institution would continue to leverage digital innovation to expand access to financial services across the country.

According to him, the bank’s strategy is focused on deploying digital banking solutions to drive financial inclusion and support the growth of businesses and large corporations.

He added that the bank operates on strong corporate governance standards, responsible environmental, social and governance practices, as well as a robust enterprise risk management framework.

Ologunorisa said these principles remain central to the bank’s efforts to build a resilient and transparent financial institution within Nigeria’s evolving financial landscape.

The bank also noted that it achieved the capitalisation milestone in less than a year after commencing full banking operations, having launched its services in May 2025.

With its strengthened capital base, the bank said it remains focused on innovation, operational excellence and delivering improved banking experiences to customers.