During a media event in Lagos, Isiaka Ajani-Lawal, the bank's Executive Director, who spoke on behalf of Managing Director Mrs. Kafilat Araoye, stated, “We have already met the new minimum capital base as a national bank, even before the CBN made its announcement.”
The revised capital requirement for national non-interest banks is set at N20 billion, while for regional banks, it is N10 billion.
Ajani-Lawal emphasized that Lotus Bank stands out as a non-interest bank in Nigeria, firmly committed to ethical banking practices, ethical investments, and fostering ethical prosperity.
He remarked, “Our goal is to enhance financial inclusion and expand the range of non-interest products available to the banked, unbanked, and under-banked segments of the population.”
Additionally, Lukman Rajih, Shariah Auditor at Lotus Bank, commented, “Lotus Bank is dedicated to serving Nigeria, transcending religious differences. Our mission is to generate value and promote growth for everyone through digital innovation and exceptional customer service.”