A Credit Bureau In Nigeria

A Member? Please Login  
type your username and password to login
Date: July 26, 2008, 06:20 PM
223870 members and 127218 Topics
Latest Member: ugochuks08
Nairaland [Nigerian Forum] Home Help Search Who is currently online? Login Register
Nairaland Forum  |  General Discussion  |  Business (Moderator: FOD)  |  A Credit Bureau In Nigeria
Pages: (1) Go Down Send this topic Notify of replies
Author Topic: A Credit Bureau In Nigeria  (Read 454 views)
zhade (f)
A Credit Bureau In Nigeria
« on: February 15, 2006, 06:05 PM »

XDS Solutions to set up credit bureau

XDS Solutions Limited has concluded plans to introduce a credit bureau to provide wider access to credit in the country.


Disclosing this to newsmen in Lagos recently, Managing Director, XDS Solutions, Mr. Ubong Awah said that the company was a risk solution company fostering on developing products and services that turned data in strategic information to ease the burden of credit and risk management.

Awah noted that Nigeria had done a lot in the past to eradicate the scourge of poverty and empower the people to be self sustaining but much had not been achieved because of this missing link in the financial architecture.

He added that the credit information bureau would bridge the information gap that existed when there was need for credit especially in project finance by tracking the financial behaviour of individuals over a period of time.

He also stressed that once such gap was bridged, our people would move from the state of despondency to helping ourselves.

Awah said that the credit bureau would among others things under guard the financial system and help ensure sound financial sector, because it will reduce loads in the system. "The behaviour records of such individuals would be made available to the financial institution, thereby bridging the information gap and building trust between the parties in the transaction," he said.


courtesy of The Guardian



It's about time!
 Can Shares Be Insured?  Experiences With Citiinvestcap  I Need Advice On Micro Finance Bank, Thanks.  Page 2
Pages: (1) Go Up Send Topic to Friend by E-mail Reply 
Google
 
Web www.nairaland.com
Sections: TV/Movies (2) Music/Radio (2) Celebrities Jobs (2) Career Romance Books Politics Sports Fashion Travel
Health Schooling Religion General(2) Business Webmaster Programming Computers Phones Cars & Trucks

Links: Page1 Page2 Page3 Page4 Page5 Page6 Page7 Page8 Page9 Page10

Nairaland is owned by Oluwaseun Osewa
Nairaland Forum | Powered by SMF 1.0.12.
© 2001-2005, Lewis Media. All Rights Reserved.