Institute of Credit Administration (ICA) has conferred
distinguished awards on two senior management executives of Heritage Bank Plc
at the Nigeria Credit Industry Awards and Postgraduate School of Credit and
Financial Management (PSCFM) graduation ceremony held at the weekend in Lagos.
The awardees are Mr. Jude Monye, an executive director of
the bank who was awarded Credit Management Director of the Year and Mrs. Chinwe
Ofulue, Regional Head who was recognised as Credit Relationship Director of the
Year.
Besides this, Messrs Obioma Emenike, Group Head, Market
Strategy, Heritage Bank; Imomoemi Ibisiki, Group Head, Legal Services, Heritage
Bank were inducted as Fellows of ICA, Lilian Oyinlonye Agada, Head,
Marketing/Team Lead, Commercial Banking, was inducted as Member, while Blaise
Udunze, Media Relationship Officer of the bank was inducted as an Associate of
the institute.
Commenting about the honour bestowed on the team, Monye, who
also badged a Ph.D. in Credit Management, expressed gratitude for the
recognition of the professional body of their commitment to efficient credit
management in Heritage Bank.
According to him, the management at Heritage Bank does and
will not go for anything less than premium service delivery for its teeming
customers, who cut across different sectors of the aggregate economy.
Monye stated that the quality of banking and financial
services that customers of Heritage bank are enjoying is second to none when
compared to what is available at any other bank in the country.
He therefore used the opportunity to encourage credit
managers in different industries not to look anywhere else beyond Heritage Bank
for quality and efficient financial services. “In fact, what happened here
today, is attestation to our professionalism and staff commitment to quality
and efficient financial services”, he said.
In a keynote address titled, “Ministerial Review of Credit
Management in the oil and gas industry in Nigeria;” the Minister of State for
Petroleum Resources, Dr. Emmanuel Ibe Kachikwu said the importance of effective
credit management goes beyond sectors to business and individuals.
The minister who was represented by the Chairman of ICA, Dr.
Adetunji Oyebanji remarked that the 2008 financial crisis showed how improper
credit management in nation’s housing sector, spilled into individual lives of
citizens of multiple countries, adding that the credit management performance
of the Nigeria’s oil and gas industry has been noteworthy, with numerous
projects in the petroleum value chain attaining completion without incidents of
liquidity issues.
Kachikwu said the Federal Government has the responsibility
of providing the empowering environment for Nigerian credit sources, adding
that the focus areas of Short and Medium-Term Priorities to grow Nigeria’s oil
and gas industry (tagged #7 BigWins) ranging from policy and regulation to
business environment and investment drive to transparency and efficiency were
aimed at providing suitable environment for these credit sources to develop.
He noted that it was imperative that credit providers carry
out due diligence on prospective borrowers to minimize any credit defaulting
issues that could arise further down the road.
Earlier in his address of welcome, the President of ICA, Dr.
Oyebanji, said the institute has in collaboration with Postgraduate School of
Credit and Financial Management (PSCFM) been in the fore front of endeavors
geared towards building an enduring credit management culture in Nigeria
through professional and academic development programmes leading to the award
of degrees and certificates by accredited foreign universities.
“In driving this vision, PSCFM has built alliances with
credible foreign institutions such as the London Postgraduate Credit Management
College (LPMC), a renowned ASIC accredited UK credit management institution for
the award of foreign degrees up to PhD level in credit management,” Oyebanji
said.
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