JUST-IN: Tinubu appoints new CEO, board members for Nigerian Consumer Credit Corporation

The appointment of the Board members for the Nigerian Consumer Credit Corporation (CREDICORP) has been approved by President Bola Tinubu. This institution is essential for the improvement of consumer credit access and management in Nigeria.

The new board, which is comprised of a combination of independent, executive, and non-executive directors, is responsible for guiding CREDICORP towards the fulfilment of its mission to foster consumer credit growth and stability.

Engr Uzoma Nwagba has been appointed as the Managing Director/CEO, while Otunba Aderemi Abdul will serve as the Board Chairman (Independent Non-Executive Director). Other key appointments include Mrs. Aisha Abdullahi as Executive Director (Credit, Risk & Portfolio)/CRO, and Ms. Olanike Kolawole as Executive Director (Operations)/COO.

Non-Executive Directors appointed to the board are Dr. Armstrong Ume Takang (MOFI Nominee), Dr. Peter Iwegbu (NIMC Nominee), Mr. Mohammed Nasiru Abbas (FMITI Nominee), Marvin Nadah (FCCPC Nominee), and a representative from the Federal Ministry of Finance (FMF).

In a statement by Chief Ajuri Ngelale, Special Adviser to the President (Media & Publicity), President Tinubu expressed his expectation that the new board members will leverage their extensive experience, competence, and dedication to fulfill CREDICORP’s mission of accelerating access to consumer credit for millions of Nigerians.