NAICOM Pledges Support for Factoring in Nigeria
The Commissioner for Insurance/CEO, National Insurance Commission (NAICOM) Mr. Olusegun Ayo Omosehin played host to
a delegation from the Nigerian Factoring Working Group in his office in Abuja on Wed 28th August, 2024.
The delegation made up of members from NEXIM Bank, CBN, GIZ and AfreximBank was led by Mr. Hope Yogo.
The leader of the delegation Mr. Hope Yogo congratulated the new Management 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.
Mr Omosehin in his response, pledged full support of the Commission to the development of Factoring in Nigeria.
