The Chief Executive Officer (CEO) and Managing Director of Airtel Nigeria, Mr. Segun Ogunsanya has identified effective credit management system as a critical factor for the growth of stakeholders in the telecommunications industry.
.
The CEO/MD, Segun Ogunsanya, who was also named the Credit Personality of the Year, 2013, by Institute of Credit Administration (ICA) in his a paper presented at the Mandatory Credit Management Specialist Conference of the Institute of Credit Administration of Nigeria (ICA) in Lagos at the weekend said organisations within the ICT sector must put in place efficient credit risk management systems in order to avoid collapsed or severe financial problems.
.
First Vice President, Institute of Credit Administration (ICA), Andy Ojei; MD/ CEO Airtel Nigeria, Segun Ogunsanya and the Registrar, ICA, Dr Chris Onalo during the presentation of ICA 2013 Credit Personality Award at the 2013 Institute of Credit Administration (ICA) Mandatory Credit Management Specialist Conference held in Lagos on Saturday.
.
He added that poor credit management system could lead to reduced liquidity, increased costs of collections and credits, increased finance costs through extra borrowings and declined reputation of the company arising from failure to meet its obligations to its creditors, among other problems.
Yes. They are very right.
Such things are highly needed for effective service!