President Bola Tinubu has recently approved the appointment of key individuals to the Board of the Nigerian Consumer Credit Corporation (CREDICORP), signaling a strategic move aimed at bolstering the institution’s capacity and effectiveness in the consumer credit sector.
Among the appointees are Otunba Aderemi Abdul, who assumes the role of Board Chairman as an Independent Non-Executive Director, bringing with him a wealth of experience and leadership acumen.
Engr. Uzoma Nwagba has been appointed as the Managing Director and Chief Executive Officer, entrusted with steering CREDICORP towards achieving its ambitious goals in consumer credit facilitation.
Joining them on the board are Aisha Abdullahi, appointed as the Executive Director responsible for Credit, Risk & Portfolio as well as serving as the Chief Risk Officer, ensuring robust risk management practices. Olanike Kolawole takes on the role of Executive Director overseeing Operations, bringing operational excellence to the forefront of CREDICORP’s strategy.
Further strengthening the board’s expertise are Armstrong Ume Takang, appointed as a Non-Executive Director representing MOFI, and Dr. Peter Iwegbu, nominated by NIMC, both bringing specialized knowledge and insight to the board’s deliberations.
Additionally, Mr. Mohammed Nasiru Abbas, Mr. Marvin Nadah, and a representative from the Federal Ministry of Finance (FMF) have been appointed as Non-Executive Directors, each nominated to bring diverse perspectives and expertise from their respective sectors.
In a statement issued by Ajuri Ngelale, spokesperson for the President, it was emphasized that the appointments reflect President Tinubu’s commitment to enhancing CREDICORP’s role in accelerating access to consumer credit across Nigeria.
The President expressed confidence that the new board members, with their extensive experience and dedication, will contribute significantly to achieving CREDICORP’s mandate and advancing the nation’s economic goals.
These appointments are expected to further consolidate CREDICORP’s position as a pivotal institution driving economic growth through enhanced consumer credit accessibility, thereby positively impacting millions of Nigerians seeking financial empowerment.