LAPO MfB appoints Edward Aghimien as Non-Executive Director

LAPO Microfinance Bank has announced the appointment of Edward Osayomwanbor Aghimien, an economist and marketing professional, as a Non-Executive Director.

Aghimien, who has more than four decades of experience in the fast-moving consumer goods sector, retail operations, and business development, holds a Bachelor of Science degree in Economics from the University of Benin and a Diploma in Marketing from the Chartered Institute of Marketing, United Kingdom. He has also attended several executive education programmes in the course of his career.

He began his career in administrative roles before joining UACN Limited in 1984 where he rose to management positions, including Store Manager and Acting Regional Manager. He later moved to Lever Brothers Nigeria (now Unilever Nigeria Plc), serving as Brand Manager for Vaseline and overseeing multimillion-naira marketing and advertising portfolios for the brand.

Aghimien is currently the Managing Director/Chief Executive Officer of Esosa Investment Limited, an FMCG-focused enterprise, where he leads strategic planning, business development and corporate performance. He is also a member of the Chartered Institute of Marketing (UK) and the Nigerian Marketing Association.

Speaking on the appointment, Cynthia Ikponmwosa, Managing Director, LAPO Microfinance Bank, said “Aghimien would bring valuable perspective to the bank’s Board given his exposure to diverse industries and corporate environments.

Cynthia explained that the appointment aligns with the bank’s long-term corporate governance and growth strategy. According to him, LAPO MfB “remains focused on strengthening its institutional capacity, deepening financial inclusion and expanding access to responsible financial services for low-income households and micro-enterprises across the country.”