Resort Savings and Loans Plc, with over 20 years of operational experience, has grown steadily in achievements, acceptability and reputation. With Customer Service as a major drive, combined with a passion to drive the mortgage sub-sector to new heights, Resort has continued to deliver products that cater for customers' peculiar needs..

Resort Savings & Loans Plc is duly licensed to carry on mortgage banking business and has operated for over a decade, having commenced business on November 29, 1993, and grown steadily in achievements, acceptability and reputation.

Whilst these formative years have been used to lay a very solid foundation for business development with great emphasis on building public confidence and acceptability, the company thereby successfully pulled through the difficult years of mortgage banking and subsequently has been achieving modest income that continues to increase steadily.


A leading and reputable mortgage banking services provider.

Mission Statement

Rendering seamless mortgage banking services that ensure customer satisfaction and impressive return to stakeholders in a technology driven environment.

Core Values
P - Professionalism
R - Responsiveness
I - Integrity
T - Team Spirit
E - Excellence

Description of Business

Resort Savings & Loans is a Primary Mortgage Institution (PMI). In accordance with the revised Guidelines issued by the Central Bank of Nigeria, PMIs are authorized to receive Deposits and maintain accounts for their customers for the purpose of providing service, creating mortgage assets and other credit facilities. By this function Resort Savings & Loans is a financial intermediary that reviews the creditworthiness of a borrower, provides the funds for the loan and quickly sells mortgages into the secondary mortgage market.

To date, the company has done active business in the following areas:

Leasing and Credit Facilities

This has been extended to a lot of Small and Medium scale companies and high net worth individuals to grow their businesses.

Property Acquisition Management
Acting as intermediary, the company links sellers and buyers to consummate transactions, offers financial advisory and management services on property use and fund, all for fee income.

Mortgage Finance
This is provision of loan on short and medium term for property acquisition and development.

Fund Management

This is liability management, through the company’s products including Resort Insurance-Linked Mortgage Fund (RILMFUND), Savings and Tenor Deposits.


Resort Savings and Loans provides full mortgage services, commercial and investment banking through her various products.

In line with rendering seamless mortgage services, our products are tailor-made for the different cadre of customers that we cater to. As such, we have products geared towards wealth acquisition from cradle (in form of RIMPLAN Endowment), for the low-income earner, and even for the huge investor. So no matter what category our customers fall into, there is always something for them.
And even better, is the introduction of our debit card which allows our customers to withdraw money from any of our ATM points or any ATM point of their choice or conduct transactions at different POS electronically.

Mr Francis Adefarati

Distinguished Alumni Chemistry Graduate of the University of Lagos. Chief Francis Babatunde Adefarati is a Chartered Chemist (C.Chem) and Fellow of the Royal Society of Chemist (FRSC) London. Past Vice President of the Chemical Society of Nigeria of which is also a fellow. Former member of the Building Research Institute and Past Chairman Multidisciplinary Task Force of Raw Materials Research Institute and Development (RMRDC). Widely experienced in Building and Coating Industry. Former member of Ondo State Economics Advisory Council. Current Managing Director Falcon Chemicals Nig. Ltd. and Executive Chairman of Falcon Oil and gas flare Solution Ltd

Mr Abimbola Olayinka
Managing Director / CEO

Mr. Abimbola Olayinka hails from Ifon in Orolu Local Government Area of Osun State. He holds a B.Sc in Mathematics (1987) and an Msc in Computer Science (2001) both from the University of Lagos, Akoka. He is also a Fellow of the Institute of Chartered Accountants of Nigeria (FCA) and an Associate Member the Chartered Institute of Taxation (CITN) 2005. He is a Fellow of the Nigeria Computer Society (FNCS) and also on the National Executive Council of the society and a Member of the Nigerian Computer Professionals of Nigeria (MCPN). He was on the Council of Chartered Institute of Bankers of Nigeria (CIBN) and has been an active player in the Banking industry. He has occupied key positions in well renowned establishments in the Banking Industry. He is the immediate past President of Mortgage Banking Association of Nigeria (MBAN). Prior to joining Resort Savings and Loans Plc he has occupied vital position as the General Manager/CEO of Oasis Savings & Loans Ltd (PMI) and an Assistant General Manager Safetrust Savings & Loans Ltd (PMI) between 1994-2004. With over 18 years experience in the Mortgage Banking Industry, he brings to Resort a wealth of experience to drive the organization to greater heights and he is the current President of Mortgage Banking Association of Nigeria (MBAN).

Barr. Jideofor Chukwuocha

He holds an LL.B (Hons) from the University of Nigeria Nsukka. He qualified as a Solicitor and Advocate of the Supreme Court of Nigeria after been called to the bar decades ago. He is the Principal Partner in J.O.J. Chukwuocha & Co. His experience in Legal practice and commerce span over 25 years and He is presently the External Solicitor to First Bank Plc, Director; Save Earth Project Magazine and also the coordinator, Youths For Change in Nigeria. Barrister Chukwuocha sits on the Board of many organizations which include International Humanitarian Initiatives (IHI) from 1999 to 2003 an organization involved in reaching to the unknown parts of the Earth alleviating poverty; Steven Properties Limited and Chairs the Board of Charystevens Ventures Ltd; an international Consultancy Company on Ventures and investments. He is a legal adviser and consultant to reputable organizations among which are; Et-Zale Security Company, Ready Technologies Limited and Queens Image Formations Consult. .


A Distinguished Senator of the Federal Republic of Nigeria,1998. He holds HND in Marketing from Teesside University, Middlebrough, United Kingdom (1978). He also holds Diploma in Marketing (1979) and a member of Chartered Institute of Marketing, United Kingdom. His business and Industrial experience spans over 30 years. As an ICT Professional, he is a Fellow of the Nigeria Computer Society (NCS). He is also a Member of the British Institute of Marketing and Chartered Institute of Marketing, U.K .


He holds an LLB from the University of Lagos, Akoka (2002). He also holds MSc Economics from the University of Ibadan, Nigeria. A seasoned Economist with over 20 years experience. He is a member of the Institute of Chartered Accountants of Nigeria (ACA) 1996, Member of the Institute of Chartered Secretaries & Administrators of London, United Kingdom (ACIS) 1991, Member Chartered Institute of Taxation (ACTI) 2003 and member Chartered Institute of Arbitrators, UK (MCiarb) 2010. He has served on the Board of many companies including Lennards Nigeria Plc, Holt Engineering Limited (1994-2010).


He is a graduate of Ambrose Ali University with Bachelor of Public Administration (2005). He also has Advanced Diploma (2001) and Diploma (1999) in Applied Psychology. This qualifications enable him understand the marketing behavior of people in the various marketing segment markets. He is an astitute business man with particular emphasis on properties development, syndication and Management where he has contributed to the estate development in many state in Nigeria. He is a politician with high integrity and his influence in political terrain spread all over the country. He is a fellow of Institute of Trustees and has many other leadership awards in education, religion and governmental institutions.


Umar is an Architect of International repute, holding Masters of Science in Project Management from University of Reading, Reading UK(2008), Executive MBA from Lagos Business School (1998), Master of Science in Architecture from State Academy of Construction & Architecture, Odessa, USSR (1983) and Preliminary Chemical Engineering Diploma from University of Lagos(1977). Arc Umar is Fellow of Institute of Architect and has contributed to the design and implementation of housing and infrastructure in the country among which are National Assembly in Abuja etc. He has held many positions of honour in various sectors of the economy among which are Non-Executve Director (FINBANK) 2011, Board Chairman (FinHome Ltd) 2011.


Mr Abimbola Olayinka
Managing Director / CEO

He holds a in Mathematics and Master of Computer Science both from the University of Lagos, Akoka. He is also an Associate Member of the Institute of Chartered Accountants of Nigeria (ICAN) and the Chartered Institute of Taxation (CIT). A fellow of the Nigeria Computer Society (FNCS) and member of the Nigeria Computer Professionals of Nigeria (MCPN). He has been an active player in the industry and has occupied key positions in well renowned establishments. Prior to joining Resort Savings and Loans Plc, He has occupied vital position as the General Manager/CEO of Oasis Savings and Loans Limited (PMI) and an Assistant General Manager, Safetrust Savings and Loans Limited (PMI), with over 17 years experience in Mortgage Banking Industry, He brings to Resort a wealth of experience to drive the organization to greater heights.

DGM – Banking Operation/CFO

He has over 20 years post qualification experience in professional accounting practice, general commerce, Banking and Finance. He is a fellow of Institute of Chartered Accountant of Nigeria (ICAN), Associate of Chartered Institute of Taxation (ACIT) and a graduate of Banking and Finance from University of Lagos, Akoka, Yaba Lagos. He was Audit Manager (A.O. Popoola & Co. Chartered Accountants), Financial Controller of GF Investment Group, General Manager, Ruthstar Limited (Textile Manufacturing Company) and Head of Finance & Administration at Oasis Savings & Loans Limited (Mortgage Bankers). He has attended courses on strategies actualization, Asset and Liabilities Management, Managing small business to fruition and corporate governance organized by LBIC, FITC, Money Market Association of Nigeria etc. He brought these antecedents to strengthen the team of Resort Savings & Loans Plc as Divisional Head, Banking Operation/Chief Finance Officer.

Olufunmilayo Josiah-Ajayi
Head, Banking Operations

Olufunmilayo(Funmi) Josiah-Ajayi is the Head of Banking Operations and in this capacity, she oversees the operational activities bankwide. She also provides supervisory roles over the Operational Heads at the branches. Before becoming the Head of Banking Operations, she served as Acting Business Development Manager in 2010,a role she held actively for a year. She was responsible for [...] Mrs Josiah-Ajayi joined the services of Resort Savings and Loans Plc in November 2007, as Head of Operations(Boyle Street branch) and held the designation for two years before proceeding to become the branch's Business Development Manager in an acting disposition. Mrs Josiah-Ajayi has served previously in other organisations as an Associate Consultant(PricewaterCooperHouse), Funds Transfer Officer(Sterling Bank) and as Internal Control Officer(of the now defunct Savannah Bank of Nigeria). She holds a Bachelor of Science Degree in Physics from University of Ibadan and is currently in training for her ACCA..

Theodore Dambo
Head, Information and Communication Technology

Theodore W. Dambo is the Head,Information and Communication Technology of the organisation. His responsibilities include Updating and implementing IT strategies, managing IT across the enterprise, and manage the IT portfolio amidst other IT related functions Before his appointment with the organisation in April 2012, Mr Dambo was the Chief Technical Partner, IT Auditors Ltd, an IT Auditing firm based in Lagos. Mr Dambo has, prior to his appointment with Resort Savings and Loans, served in different capacities in other companies. He had been Head, ICT with Futureview Financial Services Ltd, Head of Automation & Application Security with UBA Plc and also,Head - Systems Development/Projects with former Allstates Trust Bank PLC,now a part of Ecobank. Mr Dambo is a member of Information Sytems Audit and Control Association (ICASA), an Oracle Certified Professional, a Certified Ethical Hacker(CEH), has a level 2 certificate from Nigerian Institute of Safety Professionals and has an ITIL certificate. He holds a Bachelor of Science and Master of Science degree in Computer Science from the University of Benin and University of Nigeria,respectively. .

Division Head (North) – Business Development

He holds a Higher National Diploma in Business Administration and Management from Federal Polytechnic Oko. He also has a Diploma (Data Processing) from the University of Lagos. He is a member of Institute of Data Processing and Management, London. Before attaining the position of Divisional Head, Business Development, North, Mr. Aliu held various Management positions in Resort which include, Head - Information, communication and Technology, Area Manager – Business Development, North East. He joined Resort Savings and Loans Ltd from Allstates Trust Bank Plc where he served in various capacities for 13 years. He held various positions which include Head, Branch operations and Management, Head - Card Systems Management. This wealth of experience was what he brought to Resort Savings and Loans Plc in August 2005. .

Kolawole Adesina
Head, Internal Control

Kolawole Adesina is the Head, Finance & Administration. He is responsible for overseeing the preparation of Staff Payroll, Management account,Bank Reconciliation Statements and general administrative duties. Mr Adesina joined the employs of Resort Savings and Loans in April,2010 as a Deputy Manager.Prior to that,he had held several positions in other organisations which include Internal Auditor(Livestock Feeds Plc),Head Internal Control & Audit and Acting Company Secretary(Omega Savings and Loans Ltd) Mr Adesina is an Associate Member of Institute of Chartered Accountants of Nigeria.He holds a Bachelor of Science degree in Accounting from the University of Lagos.

Head, Legal and Human Resources

He is a versatile corporate counsel with over 10 years post graduation experience in diverse sectors which includes, general law practice, universal banking, investments, mortgage finance, general insurance, life insurance and pension funds administration. A 1996 LL.B (Hons) graduate of the University of Lagos, Called to the Bar of the Supreme Court of Nigeria, in early 1998. Prior to joining Resort Savings and Loans Plc, He has worked with the Lagos based law firm of Usman and Elema and then Messrs. K.C Okwu and Associates, also based in Lagos. Mr. Jibunoh has also worked on Centre Point Merchant Bank (now Unity Bank Plc). Walter Scott Associates (Investment Solicitors) as managing partner and Standard Alliance Group, as Group Legal Adviser..

Abiodun Farojoye
Business Development Manager, Port-Harcourt

Abiodun Farojoye is the Business Development manager of the Port-Harcourt branch and is responsible for overseeing the affairs of the branch. Mr. Farojoye has over nine years banking experience which cut across Corporate and Retail banking, Risk Management, Treasury/Money Market Operations and Capital Market Operations. Prior to joining Resort Savings & Loans Plc in February 2008, Mr. Abiodun Farojoye served in various departments i.e. Banking operations, Credit Administration and Treasury and Investment of Oasis Savings and Loans Ltd (PMI). Mr Farojoye holds a B.Sc and M.Sc degree in Economics from the Universities of Ado-Ekiti and Lagos respectively. He is a student member of the Institute of Chartered Accountant of Nigeria. .

Business Development Manager, Head-Office

A seasoned banker of eleven years holds a first Degree in Humanities and Masters in Business Administration. Prior to his joining Resort Savings & Loans Plc, he worked with Omega Bank Plc as a Branch Executive (Ibadan) and HT Savings and Loans Ltd as Head, Risk Management and Control. He brought his wealth of experience to Resort Savings and Loans Plc to strengthen the team of the Bank.

Head – Treasury & Investment

A chartered Accountant with over 12 years post qualification experience has experience which span over hospitality, training and financial institutions. She is also a graduate of Accountancy from Yaba College of Technology and Jim-Ovia Computer training Centre where she came out with merits. She had held positions in operations, control, product development, training and research in various organizations. She has undertaken courses in Corporate Financial Management, Forensic Audit, Corporate Branding, Product Development and General Marketing. An astute marketers and financial analyst, she has participated in a many product designs, development and rebranding. She presently manages the treasury and investment portfolio of the Bank.