NICA Now Offers Accreditation Services
Since accreditation is a voluntary process, independent learning canters desiring accredited status for their credit management learning programs are expected to take the initiative in going through a series of steps that are outlined below. Institution seeking accreditation assumes the burden of proof in presenting themselves as meeting NICA established standards.
The Steps in NICA Accreditation Process are as follows:
  • Apply Formally for the NICA Accreditation
  • Submit Accreditation Application and Other Required Information: To initiate the accreditation process, the Application for Accreditation and a non-refundable accreditation fee must be submitted to the NICA.
  • Undergo Readiness Assessment (URA) For initial assessment, once the application is submitted and fee paid, NICA team will review the learning curriculum syllabus submitted by the organization seeking accreditation, then pass on to NICA Committee of Evaluators for a comprehensive review.
  • Submit Course Materials, NICA Schedules On-Site Visit. The Institution for accreditation must submit one complete set of its course curriculum.
  • Date of Visit is Set: A mutually convenient on-site examination date is coordinated with the institution seeking accreditation. On-site visits are from one to two days, depending upon the size of the organization.
  • NICA Committee of Evaluators who are also called Accreditation Examiners, are selected from among top credit management professionals and practitioners.
  • The Accreditation Decision: The Institute can take one of four courses of action:
a) Accredit the institution, if all things go well.
b) Accredit with conditions that an institution must agree to meet within a period not to exceed three months.
c) Defer a decision for a period not to exceed three months pending receipt of a Special Report, or submission of additional information and, possibly, a follow-up on-site visit; or
d) Deny accreditation to the institution.
Benefits of Accreditation
  • It provides a reliable indicator of an institution’s quality of training and learning curriculum for credit management.
  • It’s an expression of confidence in the credit management training programs, the policies, and the procedures of the institution by its peers – a lasting source of pride to the institution.
  • It’s an external source of stimulation to improve training services, programs curriculum, and evaluation by an outside entity with strong knowledge authority.
  • It’s an assurance of high standards and training quality through the institution’s adherence to established criteria, policies, and standards.
All correspondence relating to accreditation should be addressed to:
The Registrar/Chief Executive Officer,
Institute of Credit Administration,
Old No. 1 Mabogunje Street, Oniru Estate, Victoria Island, Lagos – Nigeria.
Mobile: 08034030160, 08023314598

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