Kofo Illuyomade
Treasury Manager
Adebusola Fakoya
Head Information Technology
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- Our Vision
Providing the best service experience by creating superior value for our Customers
Read our Chairman's Letter
A couple of years ago we started on this journey to help Nigerians in need of financial aid and support. We understand the fulfilment that comes with living your dreams and decided that we want to help bring those dreams to life.
However, today’s world has evolved drastically. Finances have become more volatile than ever, which is why Essential Finance was established; to help you grow your wealth and leverage opportunities that enable you reach your full potential. When you have everything figured out, or when life just happens, Essential Finance will be here to give you what it takes to make that next step in the right direction.
Bolade Tokunboh Ogunfodun
- About Us
Our Ambition is to support you and your Business
We are a one-stop-shop for financial solutions, we provide support for our clients and customers to be able to meet their business and personal goals. We enable dreams and ambitions cause we know if you grow we grow.
We are certified!
We were duly incorporated in January, 2020, under the Corporate Affairs Commission (CAC) to operate as a finance company.
- Our Product
From Quick Loans to Investment Options
SME Loans
LPO Finance and Contract Supply, Invoice discounting and Cashback loans, we have all you need
Employee Loans
Access a quick cash of up to
N2.5million with a 12 to 18 months repayment and lower interest rate deducted from your salary
Investments
EFL Investment provides our customers with the best options that guarantee optimal returns on their investment
- Our Team
Meet our Board of Directors
Bolade Ogunfodun
Chairman
Bankole Ogunrinde
Osasumwen Ezekiel
Adeleke Atekoja
Nuru Hauwa
- Our Team
Meet our ExecutiveTeam
Oludayo Olaore
Chief Financial Officer
John Mejindade
Head Business Development
Shola Igbalode
Head, People, Culture and Administration
Damilola Ogunnika
Senior Credit Officer
About Us
Creating Opportunities.
Creating Opportunities.
Supporting Ambitions.
Essential Finance Limited helps individuals, salary earners, government workers, and businesses access the financial support they need to move forward — simply, quickly, and with full transparency.
Who We Are
Your one-stop financial solutions partner
Essential Finance Limited is a non-bank financial institution licensed and regulated in Nigeria. We were incorporated in January 2020 under the Corporate Affairs Commission (CAC), and we exist to make finance more accessible, more human, and more practical for the people and businesses that need it most.
Whether you are a salary earner looking for a personal loan, a government employee on the IPPIS payroll, or a small business owner needing working capital — we have a product designed with you in mind.
We are not a bank. But we work just as hard to get you the financial support you deserve, with the speed and simplicity that traditional institutions often lack.
Our Purpose
What drives us forward
Vision
"To be the foremost non-bank financial institution that provides the best service experience by creating superior value for its customers across Nigeria and beyond."
Mission
"To support the ambition of small businesses and all our esteemed customers."
From the Chairman
A Letter from Our Chairman
When we set out to build Essential Finance Limited, we asked ourselves a simple question: why do so many Nigerians — hardworking, responsible individuals and business owners — still struggle to access the financial support they need?
The answer was not a lack of creditworthiness. It was a lack of access. A lack of institutions willing to design products around the real lives of real people. We built Essential Finance to change that.
Today, we serve salary earners, government employees, small business owners, and entrepreneurs across Nigeria. Every loan we disburse, every business we help fund, and every investment we manage is a commitment we keep to the people who trust us with their financial futures.
We are a regulated institution — licensed and supervised — and we hold ourselves to the highest standards of transparency and accountability. Our customers deserve nothing less.
I invite you to explore what Essential Finance can do for you. Whether you are planning ahead or navigating a moment of financial need, we are here — and we are ready to help.
Bolade Tokunboh Ogunfodun
Chairman, Essential Finance Limited
Certification
Incorporated in January 2020 under the Corporate Affairs Commission (CAC) to operate as a finance company.
Regulatory Licence
CBN Licence RC 1653390
Central Bank of Nigeria Licensed
What We Offer
Products built for you
SME Loans
Get the funding your business needs to take on contracts, manage cash flow, or invest in growth. Our SME loan products are designed around how Nigerian businesses actually work.
Learn MoreEmployee Loans
Are you a salary earner or government employee? Access personal loans quickly, with repayment structured around your pay cycle — no collateral, no stress.
Learn MoreInvestments
Grow your money with confidence. Our investment products offer competitive returns backed by a regulated institution you can trust.
Learn More
Governance
Board of Directors
Bolade Ogunfodun
Chairman
Bankole Ogunrinde
Director
Osasumwen Ezekiel
Director
Adeleke Atekoja
Director
Nuru Hauwa
Director
Leadership
Executive Team
Oludayo Olaore
Chief Financial Officer
John Mejindade
Head, Business Development
Shola Igbalode
Head, People, Culture & Administration
Kofo Illuyomade
Treasury Manager
AF
Adebusola Fakoya
Head, Information Technology
Ayodeji Asha
Head, Operations
Damilola Ogunnika
Senior Credit Officer
Ready to take the next step?
Whether it's a personal loan or business funding, our team is ready to help you move forward.
CBN Licensed · RC 1653390 · No hidden fees
Creating Opportunities
- 1st Floor, Mendes House, 26, King George V Road, Onikan, Lagos.
- +234-7018895071
- +234-7062716563
- info@essentialfinanceltd.com
- Monday - Friday / 8 am - 5 pm
Copyright © 2025. All rights reserved.