Tab 1
NAMB Executive Secretary assumes office with a Mission
Tue Mar 08 2011
Newly appointed Executive Secretary of the National Association of Microfinance Banks (NAMB), Kabir Mustapha Yar’adua, has assumed office in Abuja with a mission to tackle the negative public perception of the association.
The National Association of Microfinance Banks, which is the umbrella body for the over 800 Microfinance banks in the country has a lot to do to try and salvage what remains of the good image of its members’’, he said, in outlining his vision of his new assignment.
Yar’adua, who was appointed after a rigorous selection process that took one year, said the sector’s reputation was not helped by the closure of 103 microfinance banks in the country in 2010 by the CBN, the sector’s regulator.
"This action threw the sub-sector and the hope of the common man into chaos’’, he said, adding: ’’The remaining banks will now have to start from the scratch, the task of convincing not only the authorities, but the general public that they can be relied upon as the dependable banks for the poor’’.
He said that he has mapped out four areas of focus – advocacy, capacity building, regulation and networking - for his attention in the coming years, in the service of the association.
Executives of the NAMB were first elected into office between April and July last year with Matthias Omeh as the President.
In the area of advocacy, he said the association was making input into laws, policies and programmes, citing as a case in point their input into the new Microfinance policy that is being reviewed after five years of operation with a view to ensuring that it is sector-friendly and does not impede the growth and development of the banks.
Yar’adua also sees as important the need for capacity building of its members to ensure that they understand the essence of their jobs and meet operational requirements, and also their shareholders to make them understand the limitations of microfinance banks, especially their persistent calls for dividend payout.
The association, he said, would also like to regulate its members as is done in other countries such as Germany, with a view to complementing the present regulatory role of the CBN and relieving it of this role totally in the long term.
As for networking, the executive secretary wants to collaborate with international agencies involved in helping the microfinance sector, while ensuring consistent and continuous information flow between association members to facilitate knowledge sharing.
After a 20-year stint with the Federal Mortgage Bank of Nigeria from where he resigned as a Controller, Yar’adua has been the proprietor of NIV Internet Services Ltd, the first Internet Service Provider in Katsina State (2004), the highest shareholder in Katsina’s first Microfinance Bank, Gobarau Microfinance Bank, and its first MD/CEO.
The new NAMB executive secretary is a fellow of the Institute of industrialists and Corporate Administrators (FIICA); Fellow of the Institute of Corporate Executives of Nigeria (FICEN) and a member of the Nigerian Institute of Management (MNIM), among others (END).
IFAD President urges FG to implement Value Chain Agric. Programme Agric Minister commends IFAD for its support to Nigeria’s Agriculture IFAD Programmes seek new Communication Specialist Nigeria pledges $15m to IFAD in poverty fight IFAD supports Nigeria’s Agricultural Agenda with $500,000 RUFIN MFBs urged to step up lending for the 2012 farming season Refinance: RUFIN mentored MFBs to benefit from BOA’s N1bn fund RUFIN trains Village Savings Groups to be functional, start enterprises RUFIN QUICK FACTS Edo pays N12m 2011 counterpart funds to RUFIN M&E Learning Forum seeks synergy across all IFAD programmes Winrock International to boost the Capacity of RUFIN groups, Staff – Country Director Benue pays N19m counterpart funds, boosts RUFIN Programme Implementation Entrepreneurial Development: RUFIN, SMEDAN in crucial pact BICMFB Ltd Bauchi disburses N10m loans to RUFIN groups ECOBANK pledges to cooperate with RUFIN ABU seeks collaboration with RUFIN, other stakeholders, on Rural Finance Centre RUFIN begins Participatory Rural Appraisal of financial institutions in 12 states RUFIN seeks collaboration with EFINA NAMB Executive Secretary assumes office with a Mission
Tab 2
NAMB Executive Secretary assumes office with a Mission
Tue Mar 08 2011
Newly appointed Executive Secretary of the National Association of Microfinance Banks (NAMB), Kabir Mustapha Yar’adua, has assumed office in Abuja with a mission to tackle the negative public perception of the association.
The National Association of Microfinance Banks, which is the umbrella body for the over 800 Microfinance banks in the country has a lot to do to try and salvage what remains of the good image of its members’’, he said, in outlining his vision of his new assignment.
Yar’adua, who was appointed after a rigorous selection process that took one year, said the sector’s reputation was not helped by the closure of 103 microfinance banks in the country in 2010 by the CBN, the sector’s regulator.
"This action threw the sub-sector and the hope of the common man into chaos’’, he said, adding: ’’The remaining banks will now have to start from the scratch, the task of convincing not only the authorities, but the general public that they can be relied upon as the dependable banks for the poor’’.
He said that he has mapped out four areas of focus – advocacy, capacity building, regulation and networking - for his attention in the coming years, in the service of the association.
Executives of the NAMB were first elected into office between April and July last year with Matthias Omeh as the President.
In the area of advocacy, he said the association was making input into laws, policies and programmes, citing as a case in point their input into the new Microfinance policy that is being reviewed after five years of operation with a view to ensuring that it is sector-friendly and does not impede the growth and development of the banks.
Yar’adua also sees as important the need for capacity building of its members to ensure that they understand the essence of their jobs and meet operational requirements, and also their shareholders to make them understand the limitations of microfinance banks, especially their persistent calls for dividend payout.
The association, he said, would also like to regulate its members as is done in other countries such as Germany, with a view to complementing the present regulatory role of the CBN and relieving it of this role totally in the long term.
As for networking, the executive secretary wants to collaborate with international agencies involved in helping the microfinance sector, while ensuring consistent and continuous information flow between association members to facilitate knowledge sharing.
After a 20-year stint with the Federal Mortgage Bank of Nigeria from where he resigned as a Controller, Yar’adua has been the proprietor of NIV Internet Services Ltd, the first Internet Service Provider in Katsina State (2004), the highest shareholder in Katsina’s first Microfinance Bank, Gobarau Microfinance Bank, and its first MD/CEO.
The new NAMB executive secretary is a fellow of the Institute of industrialists and Corporate Administrators (FIICA); Fellow of the Institute of Corporate Executives of Nigeria (FICEN) and a member of the Nigerian Institute of Management (MNIM), among others (END).
Understanding Result Based Monitoring & Evaluation - By Mrs. A.U. Ufaruna RUFIN: Creating Financial Opportunities for the YouthHow The Rural Poor Can Access Financial Services RUFIN registers over 5,000 Rural Microfinance InstitutionsMinister wants IFAD to continue the fight against povertyIFAD/RUFIN Program to Boost Nutrition Level of the Akwa Ibom State Rural PoorTab 3
NAMB Executive Secretary assumes office with a Mission
Tue Mar 08 2011
Newly appointed Executive Secretary of the National Association of Microfinance Banks (NAMB), Kabir Mustapha Yar’adua, has assumed office in Abuja with a mission to tackle the negative public perception of the association.
The National Association of Microfinance Banks, which is the umbrella body for the over 800 Microfinance banks in the country has a lot to do to try and salvage what remains of the good image of its members’’, he said, in outlining his vision of his new assignment.
Yar’adua, who was appointed after a rigorous selection process that took one year, said the sector’s reputation was not helped by the closure of 103 microfinance banks in the country in 2010 by the CBN, the sector’s regulator.
"This action threw the sub-sector and the hope of the common man into chaos’’, he said, adding: ’’The remaining banks will now have to start from the scratch, the task of convincing not only the authorities, but the general public that they can be relied upon as the dependable banks for the poor’’.
He said that he has mapped out four areas of focus – advocacy, capacity building, regulation and networking - for his attention in the coming years, in the service of the association.
Executives of the NAMB were first elected into office between April and July last year with Matthias Omeh as the President.
In the area of advocacy, he said the association was making input into laws, policies and programmes, citing as a case in point their input into the new Microfinance policy that is being reviewed after five years of operation with a view to ensuring that it is sector-friendly and does not impede the growth and development of the banks.
Yar’adua also sees as important the need for capacity building of its members to ensure that they understand the essence of their jobs and meet operational requirements, and also their shareholders to make them understand the limitations of microfinance banks, especially their persistent calls for dividend payout.
The association, he said, would also like to regulate its members as is done in other countries such as Germany, with a view to complementing the present regulatory role of the CBN and relieving it of this role totally in the long term.
As for networking, the executive secretary wants to collaborate with international agencies involved in helping the microfinance sector, while ensuring consistent and continuous information flow between association members to facilitate knowledge sharing.
After a 20-year stint with the Federal Mortgage Bank of Nigeria from where he resigned as a Controller, Yar’adua has been the proprietor of NIV Internet Services Ltd, the first Internet Service Provider in Katsina State (2004), the highest shareholder in Katsina’s first Microfinance Bank, Gobarau Microfinance Bank, and its first MD/CEO.
The new NAMB executive secretary is a fellow of the Institute of industrialists and Corporate Administrators (FIICA); Fellow of the Institute of Corporate Executives of Nigeria (FICEN) and a member of the Nigerian Institute of Management (MNIM), among others (END).
RUFIN Coordinator urges Nigerian MFBS to go global.Imo State pays counterparts to RUFIN, collects project vehicleRUFIN’s Gender Unit wins Innovation grant RUFIN empowers village savings groups, says coordinatorNational sensitization workshops for stakeholders ends on a high noteRUFIN gets Monitoring and Evaluation Committee for programme implementation RUFIN Launches WebsiteTab 4
NAMB Executive Secretary assumes office with a Mission
Tue Mar 08 2011
Newly appointed Executive Secretary of the National Association of Microfinance Banks (NAMB), Kabir Mustapha Yar’adua, has assumed office in Abuja with a mission to tackle the negative public perception of the association.
The National Association of Microfinance Banks, which is the umbrella body for the over 800 Microfinance banks in the country has a lot to do to try and salvage what remains of the good image of its members’’, he said, in outlining his vision of his new assignment.
Yar’adua, who was appointed after a rigorous selection process that took one year, said the sector’s reputation was not helped by the closure of 103 microfinance banks in the country in 2010 by the CBN, the sector’s regulator.
"This action threw the sub-sector and the hope of the common man into chaos’’, he said, adding: ’’The remaining banks will now have to start from the scratch, the task of convincing not only the authorities, but the general public that they can be relied upon as the dependable banks for the poor’’.
He said that he has mapped out four areas of focus – advocacy, capacity building, regulation and networking - for his attention in the coming years, in the service of the association.
Executives of the NAMB were first elected into office between April and July last year with Matthias Omeh as the President.
In the area of advocacy, he said the association was making input into laws, policies and programmes, citing as a case in point their input into the new Microfinance policy that is being reviewed after five years of operation with a view to ensuring that it is sector-friendly and does not impede the growth and development of the banks.
Yar’adua also sees as important the need for capacity building of its members to ensure that they understand the essence of their jobs and meet operational requirements, and also their shareholders to make them understand the limitations of microfinance banks, especially their persistent calls for dividend payout.
The association, he said, would also like to regulate its members as is done in other countries such as Germany, with a view to complementing the present regulatory role of the CBN and relieving it of this role totally in the long term.
As for networking, the executive secretary wants to collaborate with international agencies involved in helping the microfinance sector, while ensuring consistent and continuous information flow between association members to facilitate knowledge sharing.
After a 20-year stint with the Federal Mortgage Bank of Nigeria from where he resigned as a Controller, Yar’adua has been the proprietor of NIV Internet Services Ltd, the first Internet Service Provider in Katsina State (2004), the highest shareholder in Katsina’s first Microfinance Bank, Gobarau Microfinance Bank, and its first MD/CEO.
The new NAMB executive secretary is a fellow of the Institute of industrialists and Corporate Administrators (FIICA); Fellow of the Institute of Corporate Executives of Nigeria (FICEN) and a member of the Nigerian Institute of Management (MNIM), among others (END).