Two Senior Bank Examiners in the Financial Policy and Regulation department of the Central Bank of Nigeria (CBN) Mr. Seidu Nasir Adeiza and Mr. Victor Olowo have visited the Ekiti State University to assess the conditionalities requested by the CBN towards establishing a microfinance bank on the institution’s campus.
The CBN delegation who met the Vice Chancellor, Prof. Samuel Oye Bandele were accompanied by Professor Adegun, Professor Ariyo Awe (Chairman of ASUU cooperative Society), and the representatives of the Like Minds Cooperative Society as well as The Progressive Cooperative Society.
According to Prof. Adegun, the idea of establishing a microfinance bank was a brain child of the Academic Staff Union of Nigeria Universities (ASUU) and its Cooperative Society with the aim of further increasing the financial capacity of its members.
The leader of the CBN team, Mr. Seidu Adeiza said that the CBN would be glad to help nurture the microfinance bank, to maturity.
He explained that the presence of a microfinance bank on campus would also enhance financial trade, business and improve living standard of staff.
Mr. Adeiza said the CBN’s visit was to ascertain that the conditions required for the establishment of the microfinance bank have been met.
The Deputy Vice Chancellor, Academic, Prof. Olubunmi Ajayi who represented the Vice Chancellor thanked the CBN staff for supporting Ekiti State University adding that the institution would appreciate the CBN corporate responsibility projects to be extended to EKSU.
The CBN team later inspected the proposed building for the microfinance bank situated beside the Faculty of Social Sciences.