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Chuks Udo Okonta
The National Insurance Commission (NAICOM) has pledged full support to the development of Nigerian Factoring Working Group.
The Commissioner for Insurance Olusegun Omosehin, said this when he hosted a delegation from the Nigerian Factoring Working Group in his office in Abuja on Wed 28th August, 2024.
The delegation consist of members from NEXIM Bank, CBN, GIZ and AfreximBank was led by Hope Yogo. The CFI welcomed the delegation.
The leader of the delegation Hope Yogo first congratulated the new Mgt on their appointment and expressed confidence that the new leadership will effectively deliver on their mandate.
He stated that the working group, which is expected to transform into an association very soon, was formed to develop a conducive legal and regulatory infrastructure for factoring in the country.
He also stated that the main reason for their visit was to seek collaboration and partnership with the Commission and the insurance companies on their desire to engage all stakeholders in the value-chain and considering the vital role of insurance in factoring.
