CapitalSage Overhauls Governance with New Board to Drive Financial Growth

Lagos, Nigeria - CapitalSage Technology Group has inaugurated a new Board as part of a strategic move to strengthen governance across its expanding portfolio of financial services businesses in Africa and international markets.

The Group builds and operates technology platforms spanning payments, remittances, digital banking, credit, and investment services, serving both businesses and consumers.

As its footprint grows, CapitalSage continues to focus on addressing core infrastructure and operational challenges with an emphasis on reliability, scalability, and performance.

The Board induction, attended by senior executives and directors across the Group, marks a transition to a more formalised governance structure aligned with the scale and complexity of its operations.

The new structure introduces a Group-level holding Board alongside subsidiary Boards across its key business verticals-payments infrastructure, banking, credit and investments, and international operations. This framework is designed to enhance oversight, improve decision-making, and reinforce accountability across the organisation.

"This marks an important evolution in how we govern the Group," said Samsudeen Opeyemi Oduwole, Chairman of the Board. "As the business scales in size and complexity, stronger oversight and clearer accountability become essential."

From its origins in grassroots lending, CapitalSage has evolved into an integrated financial services platform. Its ecosystem now includes structured credit through CreditAssist, digital banking via Kolomoni, asset and capital markets through Regius, and payments infrastructure through Ercas.

"We started with a simple conviction-that people should have access to functional financial systems," said John Alamu, Founder and Group Managing Director. "What we are building today is an institution designed for longevity, grounded in governance and performance."

The Board induction reflects a broader transition from infrastructure development to performance optimisation, following years of investment in licensing, systems, and product development. The Group is now focused on revenue growth, market expansion, and deepening institutional partnerships.

"This phase requires structure," noted Dr. Yemisi Shittu, Executive Director, Corporate Services. "Strong governance enables execution, strengthens systems, and ensures we scale with purpose."

The appointment of a Group Chief Executive Officer in 2025 further reinforces this direction. Under Nath Ude, the Group is sharpening its focus on disciplined execution across its core businesses while maintaining strong regulatory alignment.

"We are moving from building to performance," Mr. Ude said. "Our focus is on translating strategy into execution-and execution into measurable results."

Board members will play an active role in supporting business development, strengthening partnerships, and enhancing regulatory engagement as the Group expands into new markets.

The governance model reflects practices common in leading financial institutions, where subsidiary Boards enable faster decision-making while maintaining strong oversight across complex operations.

CapitalSage remains focused on building scalable financial institutions capable of operating seamlessly across markets while delivering consistent value to customers, partners, and shareholders.