The Central Bank of Nigeria (CBN) has extolled the Umuchinemere Pro-credit Micro Finance Bank Limited (UPMFB) as one of the micro finance banks it is proud of in the country.
A CBN Controller, Chief Emeka Achebe, who represented the apex bank at the 16th Annual General Meeting of UPMFB, which was held on December 11, 2012, affirmed that the CBN rightly approved of the bank’s 2011 external annual report that was presented at the meeting.
The CBN executive officer told the shareholders of the bank that “your bank is one the banks we’re very proud of, and that is why I’m here.”
Chief Achebe had declared: “As I’m reporting to you today, Umuchinemere Pro-credit Micro Finance Bank Limited is the number one and the only one in Enugu state that has gone up to the position of State micro finance bank.”
He said under the law CBN staff were prohibited from making public official statements unless authorized, but based on his “personal capacity as an executive officer of CBN I’m only reaffirming what Monsignor Obiora Ike said that the UPMFB audited annual account was duly approved by the Central Bank of Nigeria.”
Achebe further told the AGM that it was the first time the CBN attended such a meeting because of the outstanding performance of Umuchinemere Pro-credit Micro Finance Bank Limited, disclosing that he was touched to attend the meeting.
