Board of Directors Paga Group Ltd

New Possibilities. New possibilities.

Tokunboh Ishmael

Tokunboh is Managing Partner of Alitheia Capital and Goodwell West Africa. In her most recent role as Managing Director of Avante Capital Ltd, she advised on a number of acquisitions in the oil and gas sector including the acquisition and financing of a government owned refinery and led the first secondary listing of a Nigerian company on the Johannesburg Stock Exchange.

Prior to Avante, she was the Nigeria Country Partner, for Aureos Capital where she successfully raised funding to complete a $50m fundraising exercise for the Aureos West Africa Fund; and sourced private equity investments. Other previous roles include M&A banker at Salomon Smith Barney.

Tokunboh is a Chartered Financial Analyst and a member of the CFA Institute; a member of the board of the African Venture Capital Association and a panelist on the TV show, Dragons’ Den Nigeria.

Tani Fafunwa

Tani serves as an Independent Director on the Board of Paga Group Ltd. Tani is the Managing Director of Resourcery Plc, the leading systems integrator in Nigeria. From complex local area networks to hardware and software, data security solutions, Resourcery provides innovative business solutions to customers that include most of the blue chip organizations in the finance, energy, manufacturing and services industries.

Prior to Resourcery, Tani was a Product Manager for Ungermann−Bass, a network equipment manufacturer in California. He also was a Partner at IMPS of Amherst Massachusetts, a provider of hi tech products to the West African market. Tani has a Masters in Business Administration from the Graduate School of Business, Stanford University.

Tani Fafunwa

Tani serves as an Independent Director on the Board of Paga Group Ltd. Tani is the Managing Director of Resourcery Plc, the leading systems integrator in Nigeria. From complex local area networks to hardware and software, data security solutions, Resourcery provides innovative business solutions to customers that include most of the blue chip organizations in the finance, energy, manufacturing and services industries.

Prior to Resourcery, Tani was a Product Manager for Ungermann−Bass, a network equipment manufacturer in California. He also was a Partner at IMPS of Amherst Massachusetts, a provider of hi tech products to the West African market. Tani has a Masters in Business Administration from the Graduate School of Business, Stanford University.

Tani Fafunwa

Tani serves as an Independent Director on the Board of Paga Group Ltd. Tani is the Managing Director of Resourcery Plc, the leading systems integrator in Nigeria. From complex local area networks to hardware and software, data security solutions, Resourcery provides innovative business solutions to customers that include most of the blue chip organizations in the finance, energy, manufacturing and services industries.

Prior to Resourcery, Tani was a Product Manager for Ungermann−Bass, a network equipment manufacturer in California. He also was a Partner at...

Folabi Esan

Folabi is a Founding Partner at Adlevo Capital, the pioneer private equity fund investing in companies with technology-enabled business models across Sub-Saharan Africa. Adlevo’s investments include Interswitch, Paga, and Rancard. His personal portfolio includes passionate founders in sectors including blockchain-enabled remittances, agriculture, agri-tech, fintech, logistics, and big media.

An Independent Non-Executive Director of First City Monument Bank, Folabi served on the board of the Nigerian German Business Association for almost 20 years and, as a two-term president, he was instrumental in transforming the Association into a Chamber of Commerce. He is also a founding Board Member of the Private Equity and Venture Capital Association of Nigeria and was the President of the Stanford Alumni Association in Nigeria.

A Chevening Fellow, Folabi holds Masters’ degrees from Stanford University and the University of London. Folabi enjoys reading, travelling, live jazz, and all forms of art.

Tayo Oviosu

Tayo is the Founder, Group CEO, and Executive Chairman of Paga Group Ltd. Tayo’s background and experience is in a variety of technical and business roles in High-tech and Private Equity. Prior to Paga, he was Vice President at Travant Capital Partners where he was responsible for executing the firm’s investment strategy in West Africa.


Prior to joining Travant, Tayo was a Manager, Corporate Development, at Cisco Systems in San Jose California. In that role, he was responsible for strategy, acquisitions, and private equity investments in four technology sectors - Virtual Computing, Application Networking, Security, and Network Management. Tayo also helped lead Cisco‘s investment expansion in Africa. At Cisco, Tayo led numerous acquisition and private equity investment opportunities, including the $130m acquisition of Reactivity, and investments in Aquantia (10G Base-T, Series A. Acquired by Marvel Technology Group), and Guardium (Database Security, acquired by IBM). Tayo was also responsible for the private sale of 22% of Cisco‘s South African operations to a consortium of investors in 2007.

Prior to Cisco, Tayo was a Senior Consultant at Deloitte Consulting in the CRM and Technology practice. At Deloitte, he worked on cases in five industries – high tech, telecom, pharmacy retail, government, and healthcare. He was primarily responsible for leading technical implementation teams. Tayo also had stints at start-ups Biomorphic VLSI as a Semiconductor Chip Design Engineer and Event411 as a Software Engineer.Tayo earned his Bachelor's of Science degree in Electrical Engineering, cum laude, from the University of Southern California. He also has a Master's in Business Administration from the Graduate School of Business, Stanford University.

Tayo Oviosu

Tayo is the founder & Group CEO of Paga (www.mypaga.com). Paga is a mobile payment company, building an ecosystem to enable people digitally send and receive money as well as creating simple financial access for everyone. Paga is the leading mobile money service in Nigeria, its first market.Prior to Paga, Tayo was Vice-President at Travant Capital Partners, a private equity fund in West Africa.

Prior to joining Travant, Tayo was a Manager, Corporate Development, at Cisco Systems in San Jose California.Prior to Paga, Tayo was Vice-President at Travant Capital Partners, a private equity fund in West Africa.

Prior to joining Travant, Tayo was a Manager, Corporate Development, at Cisco Systems in San Jose California.Tayo’s work at Paga has been recognized globally - in 2014 CNBC selected Tayo as the Entrepreneur of the Year West Africa, and in 2015 the African Leadership Network selected Paga as the outstanding growing company of the year in Africa.

Tayo is an Endeavor Entrepreneur and a member of the Young Presidents Organization.Tayo has a passion to help entrepreneurs bring ideas to life and build scalable businesses. He is an active angel investor and a co-founder of Kairos Angels, an angel investment club.

Tayo earned his Bachelor of Science degree in Electrical Engineering, cum laude, from the University of Southern California and also has a Masters in Business Administration from the Graduate School of Business, Stanford University.

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