• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Politics

New leadership of Lagos MFBs focuses on capacity building

Editor by Editor
September 3, 2014
in Politics
Share on FacebookShare on TwitterShare on Linkedin

Recognising that capacity building is imperative for the operation of microfinance banks, the new leadership of the National Association of Microfinance Banks (NAMB), Lagos Chapter, has moved to close the skill gap and improve on the sub-sector’s confidence.

Clara Oloniniyi, managing director of Infinity Microfinance Bank, who emerged as the new chairman of NAMBLAG, at the election held during the 4th Annual General Meeting (AGM) of the association in Lagos, acknowledged that the association, had in the past, organised training for junior staff and managing directors of microfinance banks/microfinance institutions in Lagos State, and affirmed the new leadership’s intent to continue the trend.

Oloniniyi, took over from Valentine Whensu, who is currently the national president of NAMB. She told journalists shortly after she was elected that her administration will take serious, issues of capacity building, adding that operators will be meeting from time to time to enhance skilled personnel and reposition the sub-sector for better results.

RelatedStories

CBN issues directive to curb mass sacking by banks

How companies determine who to fire in an economic crunch

November 29, 2022
shopping mall prices

Why A Drop In Inflation Does Not Necessarily Mean A Drop In Prices Of Commodities

July 17, 2019

The new chairman called on the operators in the state to collaborate with her to reposition microfinance banks as well as the association for the better. She was optimistic that microfinance banks in the State will continue to lead others. To achieve this, she said there is need for the association to embark on enlightenment campaign, such that, more people can embrace microfinance banking.

“So far, we have tried on capacity building by training the junior and middle class workers in MFBs. What we are planning now is to bring facilitators that will train senior managers on how an ideal microfinance bank should operate. We will also invite some operators to narrate their experience in the microfinance industry and how they were able to survive turbulent times,” Clara told journalists at the AGM.

Apart from capacity building, the new leadership plans to leverage on some policies of his predecessor, to create awareness on microfinance, a development that will allow MFBs enjoy more patronage. It also plans to encourage members to submit application to the Central Bank of Nigeria (CBN) to access the N220bn MSME fund.

According to Oloniniyi, “There is a bright future for microfinance banks. We are going to bring everybody together. There is not going to division anymore. We are going to work as a team to move the association forward to the next level.

The chapter has always been above. We are going to work hard to make sure that we sustain that position and the only way we can sustain that position is by bringing all our members together, make them have a sense of belonging. We have to improve on the image of the association so that microfinance bank as well as the association will be acceptable to the public.”

Speaking at the occasion, Valentine Whensu, president of NAMB his administration will not capacity building for granted, adding that, operators will be meeting from time to time to enhance their experience on how to better manage their banks.

Recounting the achievements of the Association when he was the chairman, he said the association was able to organise 10 different trainings, workshops and manpower development for microfinance operators. He commended the CBN and Nigeria Deposit Insurance Corporation (NDIC) for providing facilitators for the association to enhance its capacity building programme.

In order to improve on the scope, quality and depth of the capacity building effort, Whensu said the national association will continue to collaborate with Chartered Institute of Bankers of Nigeria (CIBN), Institute of Chartered Accountant of Nigeria (ICAN) Chartered Institute of Taxation of Nigeria (CITN), amongst other bodies to achieve this.

The election saw Owolabi Hakeem emerged as the vice chairman; Wole Ogunbowo as general secretary; Chinedu Nwogem as assistant general secretary; while Johnson Ehiks was elected as public relation officer (PRO). Bimpe Ogunleye was voted in as the treasurer, while Ayo Adeonipekun becomes the financial secretary.

 

[Business day]

Tags: News Review
Editor

Editor

Related Posts

CBN issues directive to curb mass sacking by banks
Small Business

How companies determine who to fire in an economic crunch

November 29, 2022
shopping mall prices
Blurb

Why A Drop In Inflation Does Not Necessarily Mean A Drop In Prices Of Commodities

July 17, 2019
Treasury Bills
Financial Literacy

20 Financial Terms You Need To Know In The Stock Market

August 5, 2018
MTN Nigeria Plc
Business News

30% equity of MTN’s shares could go to retail investors

June 13, 2018
[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies
Macros

THIS WEEK: Big Macros and a very important task for President Buhari.

June 10, 2018
internet subscriptions growth
Business News

Why Glo and 9mobile are losing their internet mobile subscribers

June 5, 2018
Next Post

Flour Mills first quarter profit drops by 24%

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • DMO allots N4.01 billion in FGN Savings Bonds for June 2025  
  • UNFPA: 90% of Nigerian women aged 50 and above had fewer children than desired – Report
  • NIBSS unveils National Payment Stack to revolutionize instant payment in Nigeria 

Follow us on social media:

Recent News

FGN Bonds, bond, DMO set to auction N150 billion in FGN Bonds to investors , FGN Bond for February 2020 oversubscribed by investors, DMO suspends April 2020 FGN savings bond offer

DMO allots N4.01 billion in FGN Savings Bonds for June 2025  

June 18, 2025
Global mortality of children under-5 drops to 4.9 million, progress remains slow- UN Report 

UNFPA: 90% of Nigerian women aged 50 and above had fewer children than desired – Report

June 18, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics