Delivery van financing

Approved

APR-3079 · APP-83994 · Chinwe Okoro

Assigned to Credit committee · Record version 9

Decision recorded

Credit recommendation

Assessment submitted for decision

Recommend approve

Strong capacity, verified business activity, and good prior performance support approval.

Kabiru Sani · Credit officer

Business capacity: Strong
Customer character: Strong
Policy result: Eligible
Supporting evidence: 8 documents

Decision exposure

Murabaha summary

Asset cost₦11,800,000

Agreed profit+ ₦2,832,000

Selling price₦14,632,000

Contribution− ₦2,800,000

Exposure

₦11,832,000

Installment

₦493,000

Authority controls

Decision eligibility

Approval level: Credit committee
Authority limit: Unlimited
Routing reason: ₦11,832,000 exposure requires credit committee authority
Assigned approver: Credit committee
Recommendation maker: Kabiru Sani
Maker-checker: Required
Service level: Resolved

Open full assessment

Customer and request

Decision context

Customer: Chinwe Okoro
Customer ID: CUS-10473
Asset: Delivery van
Purpose: Support wholesale order deliveries
Supplier: Metro Commercial Motors
Repayment: Monthly for 24 months

Supporting documents

Evidence reviewed with this decision

Supplier quotation

Account statement

Identity evidence

Business location evidence

Guarantor identity

Vehicle inspection

Customer contribution evidence

Insurance quotation

Audit history

Immutable decision timeline

Recommendation received
Recommended approval after completed assessment.
Kabiru Sani · 30 Aug 2026, 13:15
Assigned
Escalated to Credit committee above Head of Credit authority.
Approval workflow · 30 Aug 2026, 13:22
Approved
Approved within committee authority.
Credit committee · 30 Aug 2026, 16:08

Financing approvals