Alpha Morgan Bank Limited has relocated its head office from Abuja to Victoria Island, Lagos, as the financial institution seeks to strengthen its nationwide presence and advance its growth strategy.
The bank announced that its new head office is located at 52 Adetokunbo Ademola Street, Victoria Island, Lagos. Its former address was 44 Adetokunbo Ademola Crescent, Wuse II, Abuja.
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The relocation follows the bank’s early financial performance and expansion of its branch network across several cities in Nigeria.
According to the bank, it recorded a profit before tax of ₦1.9 billion within its first 10 months of operations and exceeded its capitalisation threshold during the period.
Beyond its financial performance, Alpha Morgan Bank said it has continued to invest in its workforce through inclusive recruitment, support communities through corporate social responsibility initiatives and promote economic discussions through its quarterly Alpha Morgan Economic Review webinar featuring economist Bismarck Rewane.
Commenting on the relocation, the Managing Director and Chief Executive Officer, Ade Buraimo, described the move as an important milestone in the bank’s growth journey.
He attributed the institution’s progress to the dedication of its employees, the trust of its customers and its commitment to building an accessible and sustainable financial institution.
Buraimo also thanked the Central Bank of Nigeria for its continued support and acknowledged the contributions of the bank’s board, management and staff.
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The bank said it would continue to expand its nationwide presence, strengthen customer relationships and create lasting value for the communities it serves.
Olawale Olaleye is a journalist, editor, and contributor to Freelanews.com, covering public affairs, governance, and national issues.
