Brethren Microfinance Bank successfully convened its maiden Annual General Meeting (AGM)
January 31, 2026. Brethren Microfinance Bank successfully convened its maiden Annual General Meeting (AGM) in Yola, Adamawa State, marking a significant milestone in the institution’s journey toward financial empowerment and community development. The meeting brought together shareholders, stakeholders, and leaders of the Church of the Brethren in Nigeria (EYN), which stands as the major shareholder of the bank.
Strategic Focus and Spiritual Guidance
The AGM provided a platform to review the bank’s progress and deliberate on strategies for sustainable growth. In his opening exhortation, the EYN President, Rev. Daniel Y.C. Mbaya, PhD, drew inspiration from Matthew 25:14–20, speaking on the theme “Being Faithful Over Little.” He emphasized the importance of stewardship, accountability, and faithfulness in managing resources, urging shareholders and staff to remain committed to the vision of the bank.
Honoring the Visionaries
Joining virtually via Zoom ,Former EYN President Rev. Joel S. Billi expressed gratitude to Rev. Dr. Samuel D. Dali, the pioneer visionary of Brethren Microfinance Bank, for initiating the idea during his tenure. He also acknowledged the contributions of leaders, members, and stakeholders who have worked tirelessly to nurture the institution’s growth.
Rev. Dr. Samuel D. Dali Former EYN President Joining virtually via Zoom delivered a goodwill message that underscored the bank’s mission beyond financial transactions. He highlighted that Brethren Microfinance Bank is about impact transforming families from vulnerability to sustainability. He described the bank as a vision birthed under EYN leadership during his presidency, aimed at empowering individuals, fostering financial freedom, and building a better future for society.
Quoting Proverbs 3:5–6, Rev. Dr. Dali encouraged staff and shareholders to entrust their work to God. He also acknowledged Hon. Amos Drambi, former Chairman of Michika Local Government Area, who once suggested that EYN establish its own microfinance bank. Furthermore, he commended subsequent EYN leaders, including Rev. Joel S. Billi and Rev. Daniel Y.C. Mbaya, for building upon the foundation he laid.
Growth and Recognition
In an interview, Bro. Ayuba U. Balami, EYN Director of Finance, described Brethren Microfinance Bank as one of the fastest-growing and most productive microfinance institutions in Nigeria. He praised the pioneering efforts of Mr. Samaila Sa’adu, Mr. Samuel Yohanna, and Mr. Istifanus A. Shingu, the bank’s first Managing Director/CEO, for their dedication and excellence in steering the institution toward success.
Closing Blessings
In his closing remarks, Rev. Daniel Y.C. Mbaya, PhD, extended heartfelt appreciation to all participants and offered a powerful prayer of blessing over the bank, its staff, and shareholders. He commended their tireless efforts in advancing the mission of Brethren Microfinance Bank and reaffirmed the institution’s commitment to serving communities with integrity, faith, and innovation.
Brethren Microfinance Bank’s first AGM represents more than a corporate milestone it reflects the intersection of faith and finance. Rooted in the vision of the EYN Church of the Brethren, the bank seeks to provide accessible financial services while uplifting vulnerable families and communities. Its mission aligns with broader goals of poverty alleviation, entrepreneurship support, and sustainable development in Nigeria.
By combining spiritual leadership with financial innovation, Brethren Microfinance Bank is positioning itself as a model institution that demonstrates how faith-based organizations can contribute meaningfully to economic empowerment and social transformation.
