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CBN, NJI Hold Workshop for Judges on Collateral Registry

Feb 07, 2019   •   by   •   Source: Proshare   •   eye-icon 5874 views

Wednesday, February 06,  2019 07:56 PM / CBN

 

Themaiden Judges’ Workshop on Secured Transaction in Movable Asset Act (STMA) andNational Collateral Registry (NCR) opens in Abuja on Monday, February 11, 2019,at the National Judicial Institute (NJI). 

Thetwo-day workshop organized by the Central Bank of Nigeria (CBN), incollaboration with the NJI aims to acquaint judges with appropriate legal andregulatory framework of the STMA Act and its contribution to the nationaleconomy. 

Informationobtained from the CBN indicated that the Acting Chief Justice of Nigeria,Justice Ibrahim Tanko Muhammad and the Governor, Central Bank of Nigeria, Mr.Godwin Emefiele are expected to make key remarks at the workshop. 

Alsoexpected to participate at the workshop are the members of relevant committeesat the National Assembly, Supreme Court Judges, Appeal Court Judges, FederalHigh Court Judges, the Chief Judge of the Federal Capital Territory (FCT),State Chief Judges, key Government officials, captains of industry, andofficials of the World Bank/ International Finance Corporation (IFC). 

TheCentral Bank of Nigeria, in collaboration with the International FinanceCorporation (IFC), established the National Collateral Registry (NCR) in 2016 inline with the Bank’s mandate on sustainable economic inclusive growth andfinancial inclusion. The NCR is a financial infrastructure that seeks to deepencredit delivery to Micro Small and Medium Enterprises (MSMEs) through enhancedacceptability of movable assets such as equipment, machinery, vehicles, crops,livestock, account receivables, inventories, and jewelries.

 

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Proshare Nigeria Pvt. Ltd.

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