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| L-R: President, Institute of Credit Administration (ICA), Dr. Adetunji Oyebanji; Registrar/CEO, Prof. Chris Onalo and Grandaunt, Ph. D in Credit Management, Institute of Credit Administration (ICA), Monye Jude of Heritage Bank Plc, during the ICA National Credit Management Conference 2017 awards/Induction |
The 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.
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| L-R: Grandaunt, Ph. D in Credit Management, Institute of Credit Administration (ICA), Tejumola Peter; another grandaunt, Ph. D in Credit Management, Institute of Credit Administration (ICA), Monye Jude of Heritage Bank Plc and Ph.D in Credit Management, Osifo Samson, during the ICA National Credit Management Conference 2017 awards/Induction |
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.
He noted that a sound credit management advocacy
remained one of the cardinal projects of ICA and called on conglomerates and
blue-chip companies in the country to design policies that ensure quick payment
of confirmed invoices from small and medium scale enterprises (SMEs).
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