The Governing Council of National Institute of Credit Administration (NICA) in recognizing the formidable, progressive impact that you are making in your business or chosen career over the years, has approved your name on the list recommended by the Institute’s Membership Screening Committee for induction as either a Fellow (FICA), Member (MICA), or Associate (AICA) of the Institute.

The Institute of Credit Administration, Nigeria (ICA) was established 1992 with legal mandate to moderate the credit economic regime in Nigeria, and to admit people irrespective of their primary academic, professional and vocational callings into the membership of the National Institute of Credit Administration (NICA) with a view to giving them a broader understanding of credit economy and how it affects everyone.


The Institute is now an Act of the National Assembly, signed into law on August 16th 2022 by the President of the Federal Republic of Nigeria. The Institute is now known as NATIONAL INSTITUTE OF CREDIT ADMINISTRATION (NICA) parliamentary Act No 1018 of 2022.

With this seal of the Federal Government of Nigeria, NICA has become Nigeria’s only national professional body for the nation’s credit economy, credit professionals and organizations in credit business management.

Credit management profession requires specific qualifications to be able to practice, and NICA is the formal route for this, particularly recognized within the credit industry. To become a credit professional, one is required to gain professional recognition from the National Institute of Credit Administration (NICA) following the completion of a six months mandatory credit management academic improvement executive study Programme with the accredited Postgraduate School of Credit & Financial Management (PSCFM).

In this regards, you will be admitted into the Institute’s 6 months members’ mandatory credit management academic improvement executive program (totally online via zoom) after your induction as a Fellow, Member, or Associate of NICA which makes you well footed, grounded with the ability to defend your qualification in credit management and work as a credit professional, business director or owner manager anywhere – you will not just hold our qualification, we will make you defend it anywhere, anytime.

The Institute is open to national and global membership; the only credit management professional body in the world whose membership is open to all and sundry regardless of the economic sector or industry of business an individual or organization belongs. Anyone who has ever given, taken, or managed business credit, financial credit, political credit, consumer credit, cooperatives and thrift societies, or any person who, in the course of performing his or her duties in the past, present, or future, has influenced or is likely to influence the process of business or economic policy drafting engagement which can or may lead to credit availability, credit accessibility, creditworthiness determination and default recovery, credit risk modeling and mitigation; such a person is fit and proper to become a member of the National Institute of Credit Administration(NICA). He or she can be a Fellow, Member, or Associate of the Institute – making credit management the mother of all other professions.

NICA is the third largest credit management Institute in the world today, after the United States and United Kingdom – the global number three badge of recognition in the credit industry which affirms and reinforces to employers that a holder of NICA’s qualification is immersed with competence and business integrity.

You are required to send in your CV for screening through our email address – –this is to determine which membership category you are eligible to join. The categories of NICA membership are as follows: Fellow (FICA), Member (MICA) or Associate (AICA).

  • (a) Your recent passport photo – soft copy
  • (b) Soft copies of your academic and professional qualifications
  • (c) Evidence of payment as applicable:
    • – N175,000.00 (FICA) – Fellow
    • – N82,000.00 (MICA) – Member
    • – N57,500.00 (AICA) – Associate

Payable to any of the following Institute’s bank accounts:

  1. 1. Institute of Credit Administration, Zenith Bank Plc, Account No: 1012404772
  2. 2. Institute of Credit Administration, United Bank for Africa, Acct No: 1018224125
  3. 3. National Institute of Credit Administration, Unity Bank, Account Number: 0024707602.
  4. 4. National Institute of Credit Administration, Heritage Bank, Acct Number: 5100361603.
  5. 5. Institute of Credit Administration, Lotus Bank, Account Number: 1000660157
  6. 6. Institute of Credit Administration, Titan Trust Bank, Account Number: 0000342404
  • • Remember to show your name on payment slip to show that it’s you.

Your induction and investiture as a Fellow, Member or Associate of the Institute of Credit Administration along with others will be a signal mark that you are one of the exclusive and prestigious credit management professionals and credit business economy elites in the country. The certificate will be processed and delivered to you subsequently before or after the visual induction. The date of the visual induction ceremony (NICA Webinar) will be communicated to you once membership process has been concluded

However, you may not apply to join the membership of this Institute if;

  • – You have recently been convicted of any criminal offence,
  • – You have a recent antecedent connected to any form of fraud.

Please find enclosed the Institute’s profile, list containing names of some of the Institute Fellows who may be known to you (see the list). Please visit our website – to download our monthly magazine – The Credit Manager. You will also be receiving from us every week the Institute’s newsletter once you become a member.

I hope you will join the new membership induction of the Institute this month virtually, subject to fulfilling all the requirements. The quicker the joining, the better.

Rise today and give yourself a bigger boost, set yourself apart from others, hold a qualification that spreads your influence, join the club of distinguished individuals.

If you have any question or inquiry, please do not hesitate to contact any of the undersigned:

Thank you.

Yours faithfully
Prof: Chris Onalo, FICA,
Registrar/Chief Executive Officer
For: National Institute of Credit Administration
Mobile Phone: 08034030160

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