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Credit dean Onalo applauds Buhari for — Nigeria — The Guardian Nigeria News – Nigeria and World News

The Nigerian Dean of Credit Management, Prof. Chris Onalo has commended President Muhammadu Buhari for signing the law into law and making the Institute of Credit Administration (ICA) an Act of the National Assembly.

With the assent of the President, the ICA Act, which was signed into law on August 16, the institute is now known as the National Institute of Credit Administration (NICA), Act No. 1018 of 2022.

Onalo thanked Buhari for making the dreams of many years possible after operating without national recognition for decades. He also expressed his gratitude to everyone who worked tirelessly and whose support made the vision a reality.

He said, “Our institute is now a prestigious accredited body of eminent elite credit management charged with the national task of controlling, supervising and regulating credit management and the profession of credit administration in Nigeria , to ensure and maintain integrity, honesty and ethics in the management of credit. occupation.

“It will also serve as the national expert body for all matters relating to credit management, the establishment of professional standards and the awarding of professional qualifications in credit management, the testing and assessment of those who wish to become members, while enhancing, promoting and protecting the interests of suppliers and lenders to businesses.

“The institute will encourage and further advance education, practical training and research on the profession of credit management, thereby helping to foster effective credit administration, among others.”

He added that anyone who has ever granted, accepted or managed business credit, financial credit, political credit, consumer credit, cooperatives and savings companies, “or anyone who, in the exercise of his duties, has influenced or is likely to influence the process of a trade or economic policy drafting engagement which may or may lead to the availability of credit, the accessibility of credit, the determination of solvency and the default recovery, modeling and credit risk mitigation; such a person is fit and suitable for membership in NICA.”