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CRC Credit Bureau Limited, a private limited liability company duly incorporated and licensed under the laws of the Federal Republic of Nigeria was established by a consortium of Eleven (11) leading Financial Institutions and Dun & Bradstreet (a leading g ... more
Nigerian Institute of Management
Institute of Directors
TOMEB Foundation for Youth Development and Sustainability
Nigeria Institute of Management
University of Ife
Economics and Banking and Finance
University of Lagos
University of Ado-Ekiti
:: Lack of accurate biometrics hindering operations of credit rating bureaux - CRC Credit Bureau ::
The Managing Director, CRC Credit Bureau, Mr Tunde Popoola, has attributed dearth of accurate biometrics database and awareness as factors hindering credit bureau operations in the country.Popoola told the News Agency of Nigeria, NAN, in Lagos that decision making would have been quicker and more reliable if lenders had enough information about borrowers at their disposal.
:: Banks may deny telecoms, electricity debtors credit facilities - CRC Credit Bureau ::
Popoola said, "The information submitted is borrowers' information or the list of people who have enjoyed post-paid services with telecoms companies because it is a form of credit.
They are using the services ahead of payment.
Financial Nigeria: Why is retail credit to consumers and SMEs still not gaining much momentum in Nigeria, in spite of the information which credit bureaux including CRC Credit Bureau can provide lenders, on demand?
Tunde Popoola: Consumer loans boost an economy because they enhance effective demand by activating consumer spending and consumption.
Speaking as a guest on Channels Television's programme, Business Morning, Mr Popoola said the establishment of credit bureaus and commencement of operations by the pioneers is responsible for the confidence with which Nigerian banks now embrace consumer lending.
Imperial College London
Williams Engineering Canada Inc.
Tshwane University of Technology
Conning Towers Ltd