Micro Finance operators seek inclusion in Bankers’ Committee

The National Association of Micro Finance Banks (NAMB) has urged the Central Bank of Nigeria (CBN) to include its members in the Bankers Committee. This is contained in a statement issued by the association in Abuja.

According to the statement signed by the association’s Public Relations Officer, Mr Mohammed Abdulrahman, the immediate past president of NAMB, Mr Jethro Akun, made the call at the association’s 4th Annual General Meeting in Lagos. It quoted Akun as saying that the inclusion of NAMB members in the Bankers Committee would provide synergy between microfinance banks and their correspondence banks.

“The CBN should also continue to subsidise the Microfinance Certification Programme for the next two years. Microfinance banks should also be allowed to purchase treasury bills directly from the CBN to help them function better,” he said.

According to the statement, the President elect, Mr Valentine Whensu during the Federal executive Council meeting pledged commitment of the officials to the progress of NAMB. “In articulating a vision for NAMB as a whole, I will focus on four areas using the four pillars of Advocacy, Capacity Building, Networking and Self-regulation upon which NAMB has a strong base to build. The NAMB must strive to be a family that achieves leadership in opportunity, impact, responsibility and vitality. Our members should feel surrounded by leaders and colleagues who are committed, enthusiastic and among the best in their respective role.

“I enjoin my colleagues to work as a team in order to take the Association into the brighter future, where members will have value.’’ Also Mr Olufemi Fabanwo, CBN Director, called on the newly elected officers of the association to create the needed awareness for the smooth operations of MFBs.