Mrs Nwanna Joel-Ezeugo, the acting Managing Director, Accion Microfinance Bank (MFB), has backed calls by stakeholders for the consolidation of micro-finance banks in the country.
Joel-Ezeugo expressed the support in an interview with the News Agency of Nigeria (NAN) on Friday in Abuja.
NAN reports that participants in the 2nd symposium of the Nigerian Micro-Finance Banks on Thursday deliberated on ways of making the sector more viable and repositioning it to become easily accessible to potential customers.
According to her, the proposed consolidation will improve the banking sector and strengthen the machinery for regulation and supervision thereby averting the 2004/2006 scenario in the commercial banks.
“And the topic that is being treated today is a topic that if we all can take seriously both from the regulators point of view and all stakeholders the industry will become better.
“We are all witnesses to what happened in the banking industry between 2004 and 2006 and by the time the clean up was done, we now have better banks with bigger branches.
“If the consolidation takes place we will have bigger micro-finance banks that will be able to reach out to areas where they have not been able to reach.’’
According to her, with consolidation in place, CBN would be in a position to better regulate the microfinance banks in the country.
“At the end of the day you will realise that with this consolidation, regulation (and) supervision will be more efficient.’’
She also expressed optimism that the chief executive officers of MFBs would begin to consider mergers to make the banks stronger. (NAN)
GOOD DAY SIR/MA
HAVE YOU HELD ABOUT RICH CONNECT TRUST INVESTMENT…?
RICH CONNECT TRUST INVESTMENT is a matrix system which give you DOUBLE of your CAPITAL back in ( 45 Minutes ) after Registrations
RICH CONNECT PACKAGES
N20,000——N40,000
N40,000——N80,000
N50,000——N100,000
N100,000—–N200,000
N150,000—–N350,000
N300,000—–N600,000
N200,000—–N400,000
N400,000—–N800,000
N500,000—–N1,000,000
NOTE: we credit your account after 45mins of Your Registeration
INTRODUCTION
RICH CONNECT TRUST Investment is a company duely registered under the Coporate Affairs Commission of Nigeria and certified fraud free to do business in Nigeria by the Economic Financial Crimes Commission (EFCC). This is a Nigerian network marketing company founded by Okafor Alex Monye with it’s Head Quarter’s. The company takes pride in the fact that it stands out amongst other network marketing companies. It has the best compensation plan, affordable and effective services, systems that keeps her customers coming back for more. When you join this company, you get more than their outstanding services.
07046246360
ITS SIMPLE HERE!!!!!!!
We trade with hard currency here like bit coin we make 3tripple of your donation and send you you two part and we benefit one part Example if you invest with 100k within 25mins we make profit of 300k then send 200k to you then profit 100k This is not mmm where they merge people to donate for each other
You pay directly to us and we credit you directly
Contact Mrs. GOODLUCK TIMOTHY
07046246360
NOTE:- YOU GET CREDITED BACK IN LESS THAN 45 MINUTES.
CHAT US-UP IF INTEREST FILL YOUR FORM AND START EARNING
NOTE: You can finish reading this and decide not to take the necessary actions, but the next time you want to complain about not having money, just know that you are on your own problem.