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Checkoff Finance to launch Mobile App, targets 100,000 customer base in 3 years



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The Board of Directors of Checkoff Finance Company Limited, a frontline Finance company, is poised to launch its Mobile App in December, eyeing a customer base of 100,000 individuals in the first three years.

According to the Managing Director of the company, Habila Musa-Luka, the app is set to be user-friendly as well as provide services ranging from Savings/Investments and loans.

Musa disclosed this at the Inaugural Annual General Meeting (AGM) of the CBN-approved Finance Company that was held on November 23rd, 2023, at Lagos Marriott Hotel, Ikeja, Lagos.

He said,

Furthermore, the Company’s loan portfolio currently stands at over N1.6 billion, showing significant growth from inception in 2021.

The customer base in the company also increased from 8,000 to over 12,000 individuals.

Checkoff Finance Company Ltd, established in 2021 as an evolution from Checkoff Credit, is a privately operated finance firm. The primary focus of the company has been extending unsecured loans to both public and private sector employees. Over time, they have expanded their offerings to encompass a range of value-added financial solutions.