NICA inaugurates governance committees

The President of the National Institute of Credit Administration, Mr Andy Ojei, has announced the inauguration of committees set up by the governing council of the institute.

A statement said that during the inauguration event in Lagos, the president thanked its members for accepting to serve the institute voluntarily, honourably, and consciously through the various committees.

The committees are education, training and research committee, membership and subscription committee, publication and events committee, government, and corporate relations committee.

Others are establishment committee, credit management accreditation committee, economic innovation, and emerging industries committee.

 According to him, the committees are key to the successful operation of the National Institute of Credit Administration.

 “As you are all aware, the Federal Government of Nigeria on Tuesday, 16th August 2022, signed into law the National Institute of Credit Administration establishment Act No 1018 of 2022 of the National Assembly, making the institute a regulatory and supervisory authority for credit management profession, as well as serving as catalyst for the transition of the economy from cash-based to credit system in Nigeria,” he said.

He stated that the leadership structures of the committee are the chairman, deputy chairman, secretary, deputy secretary, and rapporteur general.

While noting that the institute’s secretariat under the leadership of the Registrar/Chief Executive Officer, Prof. Chris Onalo, would co-ordinate the process, he said the registrar/CEO of the institute is a member of every committee.