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Umuchinemere Procredit

Microfinance Bank Nigeria Limited

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Rev. Fr. Aguigwo takes over the Chairmanship of Umuchinemere Pro-Credit Micro Finance Bank Enugu



The Enugu-based Umuchinemere Pro-credit Micro Finance Bank, which was established by the Catholic Diocese of Enugu for economic evangelisation, now has a new Chairman, Rev. Fr. Dr. Geoffrey Aguigwo, following the retirement of the former Chairman, Rev. Msgr. Anthony Anijielo, from the Board of the bank last month.

Before his elevation to the seat of Chairman of the bank, Rev. Fr. Aguigwo, was a director of the bank and had made tremendous quality contributions to the growth of the bank. He joined the Board of Directors of Umuchinemere Pro-credit Micro Finance Bank in December 2009.

With versed experience in financial management of projects, administration, diplomacy and academics, Rev. Fr. Dr. Geoffrey Aguigwo who is the outgoing Parish Priest of St. Mary's Parish Trans Ekulu Enugu did special studies in Financial Management at London School of Economics and Political Science in United Kingdom.

He was a former chancellor of the Catholic diocese of Enugu, former Financial Administrator of the Diocese and currently chairman of the Economic and Lands Commission of the diocese, as well as the Procurator.

It is expected that the new Chairman will deploy his wealth of experience in public projects financial management to improve the standing of the bank as an ongoing concern. Meanwhile, the Internal Auditor of the diocese, Rev Fr Wilfred Agu, a chartered accountant, has joined the Board. His appointment into the Board of the bank was approved by the shareholders of the bank at its 23rd Annual General Meeting that took place last December.

The diocese established the bank in July 1995, first as a Community Bank and later microfinance bank, for the promotion of the Roman Catholic Church's economic evangelization, primarily aimed at poverty eradication through helping the active poor people in the society, especially in Enugu State, to meet their financial needs to lift themselves out of poverty.


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