The National Institute of Credit Administration (NICA), chartered, today inducted new set of members into the Institute at its Membership Webinar Induction Ceremony, held virtually via Zoom at 10:30 a.m. on Wednesday, 29th April 2026. The ceremony formally welcomed successful candidates into NICA’s professional community, further reinforcing its commitment to excellence, integrity and sound credit management practice in Nigeria.
The event was anchored by the Master of Ceremony, Faka Emmanuella Uwamire, who welcomed participants and coordinated the proceedings. Newly admitted members introduced themselves according to their membership categories, namely Fellows (FICA), Members (MICA), and Associates (AICA), stating their full names, current designation and organisations.
The Registrar/Chief Executive Officer, Prof. Chris Onalo, FICA, formally introduced members of the NICA Governing Council in attendance, including Dr. (Mrs.) Markie Idowu, FICA, President/Chairman of the Governing Council, who presided over the ceremony.
Delivering her induction address, the President/Chairman, Dr. (Mrs.) Markie Idowu, FICA, congratulated the inductees on their successful admission into the Institute. She encouraged them to take full advantage of the Institute’s professional development platforms and networking opportunities. She described NICA as a value driven professional body grounded in ethics, discipline and collaboration, urging members to actively participate in advancing the Institute’s vision and professionalism in credit administration management. “I urge individuals and institutions to support NICA in its mission to develop a strong credit economy in Nigeria. We pledge to assist various stakeholders, including the Federal Government in achieving this goal. Our vision is to internationalize credit management profession, fulfilling the dream of our Founder, Professor Chris Onalo, who has been instrumental to the development of credit management profession in Nigeria spanning over three decades”, she said.
She highlighted the Institute’s recent Memorandum of Understanding (MoU) with the Federal Government of Nigeria as a strategic step toward strengthening credit management practice and expanding institutional collaboration, noting that the partnership would create new opportunities for members and further position NICA at the forefront of Nigeria’s credit ecosystem.
The President also announced that the Board of Fellows had approved a one off payment of ₦500,000 for Life Membership for all Fellows, in place of the regular annual dues, describing the decision as a landmark development aimed at strengthening commitment within the Institute’s highest professional cadre.
In his charge to the newly inducted members, Prof. Chris Onalo congratulated them and reminded them of their responsibility as ambassadors of the Institute. He urged them to conduct themselves with discipline, dignity and integrity while remaining actively engaged in NICA’s programmes and initiatives. He also highlighted the Institute’s specialised training offerings, particularly the Six Months Mandatory Credit Management Academic Improvement Programme (MCMAIP), as essential for continuous capacity development.
The Professional Oath of Allegiance was administered by Barrister Adenike Ajao, who led the inductees in affirming their commitment to uphold the Institute’s ethical standards and professional code, marking their formal entry into the Institute.
Following the oath taking, a goodwill message was delivered by Ogunjobi Josephine, who warmly welcomed the new members into the Institute and encouraged them to embrace the opportunities and responsibilities that come with NICA membership.
Speaking on behalf of the newly inducted members, a representative of the inductees, Matthew Ogelanya Ogwezhi, FICA, Managing Director, Capital Express Life Assurance Ltd, expressed appreciation to the leadership and management of the Institute for the successful organisation of the ceremony and reaffirmed their commitment to uphold the values of the Institute and contribute meaningfully to the advancement of credit administration in Nigeria.
The ceremony concluded with a closing speech delivered by the institute’s President, who thanked participants for their attendance and encouraged the newly inducted members to uphold NICA’s core values of professionalism, excellence and ethical credit management practice.
The induction ceremony was widely regarded as a success, with participants expressing readiness to contribute to the advancement of the credit management profession and the broader economic development of Nigeria.
Contact Information
For further enquiries on membership and related matters, please contact:
Lagos Office:
• Telephone: 08023314598, 08034030160, 07089148843
• Email: Registrar@icanigeria.net , membership@icanigeria.net
Abuja Office:
• Telephone: 09035056575, 08095123576, 08056662415,
• Email: Membershipabuja@icanigeria.net
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