Posted on August 29, 2008 - by James

Controversy Arises Over Pay for Employees of Microfinance Institutions in Nigeria…

Controversy has arisen over the governance and operations of microfinance institutions (MFIs) in Nigeria. A recent Daily Sunarticle reported that Pastor Kehinde Alaba, Managing Director and Chief Executive Officer of Lagos State University Micro Finance Bank (LMFB), believes that government restrictions hinder the ability of MFIs to provide quality financial services to the poor. Meanwhile, members of the Central Bank of Nigeria… [click here to read the rest of this article...]