Breaking News

MFBs to hold zonal and state elections

By Amaka Agwuegbo
The national leader-ship of the National Association of Microfinance Banks, NAMB, has mandated members to ensure that zonal and state elections are held before the end of May 2010.

Speaking to Vanguard after its first meeting of the National Executive Council of NAMB in Benin, Edo State, the president, Chief Mathias Omeh, said members have from 1st to 15th May to conduct the various zonal elections while the state elections must be conducted before the end of the month.

Pointing out that the essence of having the elections is to enable the association better co-ordinate the activities of its members, Omeh said members of the Electoral Panel at the national elections are to chair their various zonal elections.

“During the national elections, members of the Electoral Panel were nominated from the 6 geo-political zones of the country. So, these representatives will be the ones to chair the zonal elections in their zones and they will be supported by one representative from each state in their zones.

“The state elections must be held before the end of the second week after the zonal elections and each state electoral panel member at the zonal elections will head the state’s electoral committee and will be responsible for conducting the state elections with the assistance of two electoral officers from the state.”
Wishing members fruitful zonal and state elections, Omeh pointed out that only Chairmen/MD of MFBs can be delegates who can vote and be voted for.

Expounding more on the modalities of the elections, an electoral panel member at the IGM, Alhaji Ibrahim Sidi Bamalli, said the North East zonal election will be held in Bauchi State, North East in Kaduna, North Central in Abuja, South West in Ibadan, South South in Benin, and South East in Enugu.

Bamalli further said the guidelines and qualifications of the candidates are: evidence of payment of N80,000 annual dues by the bank of candidates; evidence of payment of N5,000 AGM registration; evidence of bank’s payment of current year’s NDIC premium; evidence of bank’s licence by the CBN.

Others are proof of bank’s most recent 3 months returns to CBN, nominations must be supported by a member delegate; and candidate, if not Nigerian, must have been resident in Nigeria for, at least, 7 years.

The various positions to be contested for at the zonal and state elections are chairman, vice chairman, general secretary, assistant secretary, financial secretary and treasurer, though in the state elections, some states may want to add one or two other positions to the existing ones.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.