Nigeria: Operator Advocates Broad-Based Boards for MFB

13 August 2009

Managing Director of Lagos-based Imperial Microfinance Bank, Mr. Ejike Azubuike, has called for broad based-boards of directors as panacea to the problem of poor corporate governance in microfinance banks, MFB.

It would be recalled that the Central Bank of Nigeria (CBN) in its 2008 annual report said that most microfinance banks have poor corporate governance and poor asset quality.

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