The CFI/CEO NAICOM hosts a delegation from the Nigerian Factoring Working Group, comprising of members from NEXIM Bank, CBN, GIZ and AfreximBank.

The delegation which was led by Mr. Hope Yogo visited Mr. Omosehin on Wednesday in his office in Abuja.

The leader of the delegation Mr. Hope Yogo, congratulated the new Management on their appointment and expressed confidence that they will effectively deliver on their mandate. He stated that the working group, which is expected to transform into an association very soon, was formed to develop a conducive legal and regulatory infrastructure for factoring in the country.

Yogo also stated that the main reason for their visit was to seek collaboration and partnership with the Commission and the insurance companies in their desire to engage all stakeholders in the value-chain, considering the vital role of insurance in factoring.

The CFI in his response, pledged full support of the Commission to the development of Factoring in Nigeria.