Tatum Bank Posts N1.7bn Profit In 8 Months

Tatum Bank recorded a Profit Before Tax (PBT) of N1.7 billion within eight months of operations.

The figure was disclosed during a courtesy visit by the bank’s board and management to Lagos State governor, Babajide Sanwo-Olu, where they discussed partnership opportunities and the bank’s role in Lagos State’s economy.

The delegation was led by managing director, Niyi Adeseun and included executive director, George Oko Oboh, non-executive directors, Tonya Lawani and Frank Okosun, and other management members.
Adeseun, said the bank began operations in May 2025 and reached the Central Bank of Nigeria’s recapitalisation milestone in about 10 months.
According to him, the name “Tatum” is derived from the Latin word “Tutum,” meaning a safe haven.
He noted that, despite operating for eight months in the 2025 financial year, the bank recorded a PBT of N1.7 billion.
Adeseun commented on Lagos state government’s infrastructure and economic initiatives and said the bank had begun working with the DAP Experience Centre and supported the “I Love Lagos” initiative by providing payment gateway infrastructure.

Governor Sanwo-Olu received the delegation and described Adeseun as an experienced banking professional.

He said the bank’s name reflected efforts to build an institution focused on safety and customer confidence.

The governor reiterated that Lagos remainis Nigeria’s economic hub and said the state government supports businesses and partnerships that promote financial inclusion and economic activity.
He wished the board and management success.

Also present were deputy chief of staff, Sam Egube, commissioner for Finance Abayomi Oluyomi, and other senior Lagos State officials.