FITC to expand corporate governance roles beyond Nigeria

The Financial Institution Training Centre has announced the inauguration of the Africa Corporate Governance Network.

The inauguration was done at the Africa Rising Conference in Mauritius last week, a statement from the organisation said on Sunday.

The statement quoted the Chief Executive Officer, FITC, Mrs. Lucy Newman, as expressing delighted that the founding members of ACGN contacted FITC during its formative stages.

According to her, FITC is now an affiliate member of the ACGN, and looks forward to partnership opportunities with the respective members of ACGN in areas aligned to the objectives of the network and FITC’s service areas.

She said, “Being part of the network will also enrich FITC’s capacity to sustain its continued improvement and corporate positioning aspirations. This will add more value to its key stakeholders, who are regulators and operators within the Nigerian financial system, especially given their increasing expansion to respective African markets.”

The FOTC CEO said the main objective of the ACGN was to exchange and share knowledge, information, good practice tools and resources, as well as demonstrate good corporate governance within each member institution.

The ACGN, she said, would also seek to create a common platform for advocacy and promote a consistent message regarding contemporary and emerging matters on corporate governance in Africa.

In a bid to expand the network’s influence and reach, the ACGN will form strategic relationships with select multinational organisations with interests in enhancing effective corporate governance practices in Africa, according to Newman,

She said the network had received an immense support from the International Finance Corporation, a member of the World Bank Group, and the New Partnership for Africa Development business foundation.

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