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Lapo Microfinance Bank Limited Recruiting Legal Officer

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Lapo Microfinance Bank Limited is a pro-poor financial institution committed to the empowerment of low-income Nigerians through access to responsive financial services delivered on a sustainable basis. The institution was founded as a non-profit entity by Mr. Godwin Ehigiamusoe while working as a Rural Co-operative Officer in Delta State, Nigeria. In 2010, LAPO set up a microfinance bank and transferred the bulk of its microfinance operations to the new institutional vehicle.

LAPO Microfinance Bank Ltd. in partnership with the German AFOS Foundation, and the German Catholic Entrepreneurs Association (BKU) is implementing a project co-financed by the German Government to strengthen LAPO’s capacity to promote qualitative growth and efficiently manage the quality of its services. Focus is on ensuring efficient management of resources, personnel development as well as improving LAPO’s capacity to provide further training to other microfinance


We are recruiting to fill the position of:

Position. Legal Officer

Job Description

Maintain and periodically review the List of Law firms retained by the Microfinance Bank indicating names, addresses, staffing etc.

Provide legal support and documentation in respect of external funds received; review legal agreements and ensure adequate documentation for all sanctioned funds received.

Review all third party agreements and provide legal opinion before execution.

Maintain a Register of all Agreements entered into by the microfinance bank outlining nature, parties, dates, duration etc.

Review all contracts or any other documentation where the Company has committed itself and assess legal implications that need to be brought to the management’s attention.


contracts, agreements and review internal policies and ensure that they are in compliance with all statutory or legal requirements.

Periodically make entries and update Legal encyclopedia on the extant laws and regulations which relates to the business of the Microfinance Bank.

Maintain a register of the company’s existing policies.

Review progress of outstanding litigation, ongoing suits/cases and advice management accordingly.

Maintains legal encyclopedia of all extant laws relating to the business of the Company.

Devise and maintain office systems, including data management and filing.

Attend and observe client interviews and court proceedings as required and advice management accordingly.

Perform other duties and responsibilities, as may be assigned.

Education Qualification

A good Bachelor’s Degree in law. Possession of LLM degree will be added advantage.


Minimum of 3 years relevant experience, at least 2 of which should demonstrate proven track record in contract negotiation and drafting.

Experience should demonstrate ability to provide accurate and effective legal counsel with proven track record of adding value to an organisation through the development of comprehensive contract documents that mitigate risk and penalties.

Fully computer literate – skilled and confident user of office applications such as MS Word, Excel, PowerPoint, e-mail and calendar applications.

Other Skills and Competences

Knowledge of the dynamics of the bank’s products and services.

Proficiency in the use of Microsoft office programmes.

Knowledge of the regulatory environment and framework.

Basic accounting skills.

Strategic thinking and strategic management.

Managerial and leadership skills.

Category: Payday loans

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