The Board and management team of Tatum Bank have paid a courtesy visit to the Lagos State Governor, Babajide Sanwo-Olu, to formally introduce the financial institution and seek strategic collaborations to drive the state’s economic growth.
The delegation, led by the Managing Director of Tatum Bank, Mr Niyi Adeseun, commended the administration for its developmental strides and infrastructural transformation across Lagos.
Other members of the delegation included the Executive Director, Mr George Oko-Oboh; Non-Executive Directors, Mrs Tonya Lawani and Mr Frank Okosun; alongside senior management staff of the bank.
Speaking during the visit at the Lagos House, Marina, Adeseun explained that the bank’s identity was deeply rooted in stability, noting that the name “Tatum” was derived from the Latin word “Tutum”, which means “a safe haven”. According to him, the nomenclature reflects the institution’s commitment to safety, trust, and customer confidence.
Reviewing the bank’s fiscal performance, the managing director disclosed that despite commencing operations in May 2025 and operating for only eight months within the 2025 financial year, Tatum Bank recorded a Profit Before Tax of N1.7bn. He further revealed that the institution achieved the Central Bank of Nigeria’s recapitalisation milestone within its first 10 months of operation. Adeseun described the feat as a strong testament to the confidence reposed in the bank’s leadership by shareholders and critical market stakeholders.
Reaffirming the bank’s readiness to support the state’s developmental goals, the MD stated that Tatum Bank had already partnered with the DAP Experience Centre to support the “I Love Lagos” initiative by deploying payment gateway infrastructure for seamless transactions.
Responding, Governor Sanwo-Olu welcomed the delegation and acknowledged Adeseun as an accomplished banking professional with a verified industry pedigree. The governor expressed satisfaction with the brand’s intentionality on safety and trust, stating that Lagos remains open to partnerships that deepen financial inclusion.
Reiterating that Lagos remains the largest sub-national economy in Africa and Nigeria’s financial nerve centre, Sanwo-Olu assured the board of the state’s continuous commitment to creating an enabling environment for businesses to thrive. He urged the management to remain steadfast in delivering long-term value to its customers and stakeholders.
Also present at the meeting were the Deputy Chief of Staff to the Governor, Mr Sam Egube; the Commissioner for Finance, Mr Abayomi Oluyomi; and other senior officials of the Lagos State Government.
