Dr. MO is steering Moremonee toward ambitious goals. In 2025, the bank aims to enhance customer experiences with personalized tools while launching “Operation Feed the Nation” to tackle food insecurity
Meet the youngest bank CEO in Nigeria, Mohammed Olatunji
Dr. Mohammed Olatunji, affectionately known as Dr. MO, is a remarkable figure in Nigeria’s financial landscape. At just 35 years old, he has etched his name in history as the youngest Chairman and CEO of a bank in Nigeria, leading Moremonee—a fintech-driven microfinance institution that has taken the country by storm since its launch in 2023. His journey from a tech-savvy teenager to a celebrated banking innovator is a testament to his vision, resilience, and commitment to transforming lives through financial empowerment.
Hailing from Kwara State, Dr. MO’s early years were marked by an innate curiosity and entrepreneurial spirit. By age 12, he was designing graphics, and by 18, he had taught himself to code—skills that would later fuel his fintech ambitions.
A graduate of the University of Ilorin, he completed his National Youth Service Corps (NYSC) in Imo State, where the seeds of Moremonee were planted. What began as a leap of faith has grown into Nigeria’s fastest-rising microfinance bank, redefining how Nigerians access and manage money.
Under Dr. MO’s leadership, Moremonee has introduced a suite of innovative, customer-centric services through its app-based platform. From seamless money transfers and bill payments to savings tools and online shopping, the bank eliminates the complexities of traditional banking.
In 2024 alone, Moremonee achieved milestones that set it apart: partnering with NIBSS, AfriGO, and the CBN to launch one of Nigeria’s first domestic debit cards; rolling out FutureBox, a high-interest savings feature to combat poverty; and introducing MoreBiz, a tool for entrepreneurs to build digital storefronts. The bank’s user-friendly design earned it a groundbreaking 5-star rating on the Google Play Store—the first Nigerian financial app to do so—and its *5116# USSD code has brought banking to rural communities without internet access.
Dr. MO’s efforts have not gone unnoticed. In 2025, he received the prestigious “Legit Business Names” award from Legit.ng, celebrating Moremonee’s explosive growth and its role in advancing digital banking. This accolade joins a growing list of honors, including the Nelson Mandela Leadership and Integrity Award and the Nigeria Most Respected CEO Award in 2021. As a Chartered Fellow of Financial Management, cybersecurity expert, and Forbes Finance Council member, Dr. MO blends technical expertise with a deep sense of purpose.
Looking to the future, Dr. MO is steering Moremonee toward ambitious goals. In 2025, the bank aims to enhance customer experiences with personalized tools while launching “Operation Feed the Nation” to tackle food insecurity. Partnerships with government and corporate entities are set to broaden financial inclusion, and expansion into other African markets is on the horizon.
As he puts it, “We’re not just building a financial app—we’re building a financial revolution.” With his faith-driven philosophy and focus on value creation, Dr. Mohammed Olatunji is not only reshaping Nigeria’s fintech space but also inspiring a new generation of entrepreneurs.
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