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F e n ir a n C o n s u lt

Training I Business Process Support I Management and Legal Consulting

feniran@gmail.com, 0803 217 5065, 01-8755830, feniranconsultplace.blogspot.com, 48 Mojisola Street, off College Road, Ogba Lagos State 19th August, 2011 ……………………………………………………………………. ……………………………………………………………………. …………………………………………………………………….. Attention: …………………………………………………….. FIRST PROSPECT INFORMATION RE: MICROFINANCE BANK
A. 1. Main Operating Area:

Berger, Ogba, Ojodu, Ikeja

2. Assets: • License (Provisional Approval)-08/08/08 • N100m – Authorized Share Capital, N20m – Paid up • N12.3m - Risk assets 3. Liabilities: • N18.4m 4. Commencement Issues: • Rent current office, system (agree fees ) and continue business or • Acquire license and set up afresh at a new location 5. Ownership: • 100% of paid up portion held by the Chairman and his immediate family 1. Asking: • N75m

1. Ifo. Ownership: • 30% held by Directors • 70% in small proportions by many other shareholders 11. N27. Assets: • Final Licence • N100m – Authorized Share Capital. Asking: N56m 2 . Ogba. Agege 2.8m – Paid up • N100m . Liabilities: • N147m 4.C. Agbado. Main Operating Area: • Iju. Regulatory Issues: • Recently suspended normal operation due ongoing recapitalization efforts 5.N75m(Head office building and two branches) 3.Risk Assets • Fixed Assets.

Yours faithfully.) 3 . Egbeda 2. (Snr. Main Operating Area: • Agege.M. 1. N20m – Paid up • N7m . Olojo Esq.D. Iyana-Ipaja.E. Dopemu. Regulatory Issues: • Currently out of normal operation due to cash flow constraints 5.Risk Assets 3. Liabilities: • N5m 4. Consultant/C.O. Asking: N45m Thank you. For: Feniran Consult O.awaiting • N70m – Authorized Share Capital. Ownership: • 90% held by Chairman • Two other Directors 11. Assets: • Final Licence.