Involve MfBs in policy formulation, implementation, NAMB urges CBN

The National Association of Microfinance Banks (NAMB) has renewed its call on the Central Bank of Nigeria (CBN) to always Involve MfBs in the formulation and implementation of key policies.

The association also urged the apex bank to involve microfinance banks in other measures targeted at enhancing the nation’s financial system stability and sustainable growth.

It made the call in the communiqué issued at the end of its emergency Board of Trustees (BOT) meeting recently in Abuja, signed by the Chairman, Malam Ibrahim Bamalli, and Secretary, Dr Dan Ogun.

The NAMB BOT called on the CBN to help in improving public confidence in the microfinance banking subsector and to position the MfBs for improved contributions to the nation’s Gross Domestic Product (GDP).

It also tasked MfBs and other relevant stakeholders to get involved in the implementation of policies of urgent importance to forestall the crisis that recently characterised the implementation of the Naira redesign policy.

It also tasked its member-banks on internal cleansing and selfregulation required to better position them to impact the economy.

It urged MfBs to embrace digitalisation by committing adequate investments to critical e-channel infrastructure for enhanced operations.

“We recall that the implementation of the cashless and Naira redesign policies created some challenges for MfBs that seriously threatened many member-banks, with attendant negative implications.

“CBN’s Naira redesign policy was desirable for the country but nonintegration of the MfBs in the policy formulation and implementation caused serious hardships for the banks and their customers,” it said. (NAN)

Chaplain commend Federal Government decision for enlisting the Nigerian Correctional Service on concurrent list

The decision of the federal government to include Nigerian Correctional Service in the concurrent list so that the States Government can participate fully in the running of the Service as been accorded as a welcome development thàt will change the narratives as fàr as prison management is concern

The National Chaplain Roman Catholic of the Nigerian Correctional Service, Rev. Fr. Victor Nyoroh stated this during the Chaplaincy in collaboration with the Compassionate family during their visit to the Dukpa (Custodian) correctional service center in FCT as past of their easter festivity celebration to feed prisoners as the biblical demands.

Fr Victor who also double as the National coordinator of the Compassionate family says he is pleased with Federal Government decision which according to him will affect both prisons inmates and managers of the Correctional centres positively. “as a country we have a lot to benefit from this Reforms and call on other stakeholders support to make it a success”,.

The National Chaplain also make know that Nigerian Inmate now are well Skill equipped with Refine Character, he ask Nigerians to employ the services of ex-prisons inmates that has finished their term because of the enormous skills and character reformation has been impacted on them, who are now better citizen in our society.

The Catholic priest acknowledge individuals that has make it possible for them to feed the Prisoners, according to him their Organisation has been providing Scholarship in secondary education and training inmates that has left the prison world by reintegration them into the larger society and many prisoners has benefits Through Earth spring international, Organisation that is providing succour to freed inmate which the priest as the executive director.

According to him, Once again, the correctional center (Prison) has been shown to be a place of hope and