I recently had a chat with Oyelaja Abiodun, CEO of Motion Yield
Limited. We discussed his professional path to Motion Yield’s top position,
his vision for how to transform consumer lending in Nigeria into something
distinctive and memorable, and the role technology will play in helping create
this unique customer experience.
by Echegwisi Humphrey, Digital Marketing Specialist, Motion Yield Limited
Oyelaja Abiodun FCA
WHAT
LED YOU TO FOUND MOTION YIELD:
To
change the present way of consumer lending in Nigeria where the customers are
made to be at the mercy of the lender. To infuse efficiency and innovation in
the process where the customers can have access to fund within hours.
WHAT IS
YOUR BACKGROUND:
I got
my first degree in Applied Accounting and I am a Fellow of the Institute of
Chartered Accountants of Nigeria. I have a strong bias for Consumer Lending,
Micro Finance Banking, Money Management and Finance. I had my MBA from Obafemi
Awolowo University and I am also a member of the Chartered Institute of
Taxation of Nigeria.
WALK US
THROUGH YOUR AVERAGE DAY AT WORK:
On
resumption in the morning, I inquire of the expectations and work schedules of
my team members. I scrutinize to ensure that, all is in line with the
organization’s goals and also identify the level of my required physical
involvement. I go through my financials to ensure that the actual figures are
as projected, where there is any variation, the concerned team is notified
appropriately.
Any other
outstanding issues are also attended to promptly and staff performance is
monitored.
WHAT
EXCITES YOU ABOUT YOUR JOB AT MOTION YIELD?
The
cooperation and zeal of my team members of course!! Their belief in the Motion
Yield project has been a source of joy to me
WHICH
DAY OF THE WEEK ARE YOU MOST PRODUCTIVE?
All
days
FAVOURITE
THINGS YOU DO OUTSIDE OF WORK:
Networking
and attending to my family
DESCRIBE
YOUR PERSONALITY WITH 5 HASHTAGS:
#Determined
#Focused #Friendly #Passionate #Industrious
WHAT IS
YOUR SECRET TALENT?
Keen
observation of events
WHAT IS
YOUR MOST TREASURED POSSESSION?
My
family
IF YOU
COULD VISIT ONE LANDMARK ANYWHERE IN THE WORLD WHERE WOULD IT BE?
Mount
Everest
WHAT
WAS THE LAST BOOK YOU READ
The
Game Theory
WHAT DO
YOU THINK IS THE MOST IMPORTANT QUALITY NEEDED FOR SUCCESS?
Determination,
Skill and Focus
WHAT DO
YOU CONSIDER AS YOUR GREATEST ACHIEVEMENT?
The
setting up of Motion Yield Ltd.
WHAT DO
YOU SEE AS THE MAJOR CHALLENGE FACING YOUR INDUSTRY AND HOW CAN YOUR COMPANY
SOLVE THE CHALLENGE?
The
greatest risk is the Risk of Default on loan. Solving the challenge involves
having a robust, skillful, efficient and experienced Risk Department.
FAVOURITE
QUOTE:
Determination
and Dexterity
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