About Us

We are ensuring a common standard for Open Banking APIs in Nigeria


Digitization and technology have brought significant changes to service delivery in financial sectors across the world. Through innovations such as contactless payment,  mobile banking, and mobile money, an upward climb has been made on the customer  experience journey.

The Nigerian financial space has not been left behind on this digital evolution. The  CBN’s cashless policy is one of many examples on the local scene, deliberately driving customer service excellence across the industry. It is globally agreed that Open Banking is the next step in the evolution of digital and  customer satisfaction in the financial space. By the effective mining of customer data, there is a lot that can be done regarding improved delivery to customers. 

Open Technology Foundation (OTF), popularly known as Open Banking Nigeria (OBN) is at the forefront of Open Banking in Nigeria. The not-for-profit organization was set up by veterans of the Nigerian banking and fintech industries in 2017 with the overarching objective of boosting the nation’s economy through the reduction of barriers to innovation and financial inclusion.

Our Objectives

What we plan to achieve:

The Open Technology Foundation is working with banks, industry professionals and Fintechs to define an open and non-partisan set of Application Programming Interfaces (APIs) to design the API standards. The design and review process has involved 8 commercial banks, OFIs and top Fintech players in the country. All in all we want to get:

  • A single standard that makes integration faster and simpler
  • An environment where banks can focus more on the commercials of partnerships with fintechs than with ad hoc integrations
  • The birthing of innovative products and solutions that would improve financial inclusion and the Nigerian economy



Malaika Ademola-Majekodunmi

Program Manager

Chigozie Madubuko


Sodiq Fagbola


Unyime Tommy

Quality Assurance

Board of

Adedeji Olowe


Ayowole Popoola


Khadijah Abu


Ope Adeoye


Yvonne-Faith Elaigwu


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