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The National Institute of Credit Administration (NICA), chartered, has successfully concluded its specialized training programme aimed at strengthening professional capacity in credit policy formulation, internal control, and regulatory compliance within Nigeria’s financial and corporate sectors.
The course featured modules on understanding credit policy types, assessing credit market practices, defining credit terms and conditions, establishing credit limits, and enforcing credit monitoring and recovery strategies. Speakers were Dr. Adegbie Adekunle, FICA and Dr. Femi Macaulay, FICA, both of whom brought extensive field experience and academic insight to the programme.
Day One of the training, facilitated by Dr. Femi Macaulay, focused on Internal Control Systems, Compliance Management, and Credit Policy Frameworks, delivering a highly interactive session that blended theoretical insights with practical examples relevant to financial institutions. Participants explored key topics including internal control requirements, risk assessment and monitoring mechanisms, continuous and periodical control systems, and practical risk identification methods. The session also covered compliance management principles, highlighting the relationship between compliance, audit, and risk management functions, and examined how internal control and compliance departments complement each other in major banks. Other highlights included auditing processes, audit planning and reporting, drafting effective audit questionnaires, and interpreting results. This set a strong foundation for Day Two.
Generally, attendees gave the programme excellent reviews, commending its comprehensive structure, clarity, and real-world applicability. One of the participants shared that the seminar effectively addressed the needs of both seasoned professionals and novice individuals in the field of credit management, internal control, and finance-related professions. “I was exposed to basic knowledge of finance and gained an in-depth understanding of how each aspect of credit management interlinks and the critical roles they play in organizational performance. The facilitators were engaging, and it was an all-hands-on-deck kind of training where everyone’s opinion was heard. I would highly recommend this seminar to other professionals,” the attendee remarked.
According to NICA’s training and Development Department, both programmes attracted credit economy managers, compliance officers, auditors and risk management professionals from various sectors. Participants expressed satisfaction with the quality of delivery and relevance of the training to their professional responsibilities.
At the close of the session, participants received comprehensive training materials and certificates upon completion, adding that the initiative aligns with its mandate to promote professionalism, discipline, and ethical credit management practices in Nigeria’s evolving credit economy.
The training session turned out to be a massive success, at the furrow of all skill acquiring sessions, it was evident in NICA’s organizational prowess that skill acquisition is at an elite level in their terrain.
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