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Professional
Pages >> Project Highlights >>
Nigeria
The four-month assignment
with the Nigeria Deposit Insurance Corporation (NDIC) was not directly
funded or supported by any agency or international development corporation.
I was hired directly by the Nigerian Government and worked independently
with the local staff. There were three components to the assignment.
- To establish
the organizational structure for and a credit administration system
for the Receivership and Liquidation Department, (part of the measures
taken by the Central Bank of Nigeria to restructure the banking industry).
- To develop a
risk asset management manual (table of contents is found below) for
department operating policies and procedures in credit administration,
asset management, credit recovery, and asset disposition.
- To create and
teach specialized training seminars and workshops in: “Credit
Administration,” “Financial Statement Analysis,” “Loan
Workouts/Credit Recoveries,” “Net Present Value Analysis,”
“Documentation,” “Record Keeping,” “Lotus
1-2-3,” and the “HP12C.”
Receivership
and Liquidation
Risk Asset
Management Manual
TABLE OF CONTENTS
Chapter/Title
I. Introduction
A. Overview of
Credit Operating Manual
II. Receivership
& Liquidation Organizational Structure
A. Objectives
of the Asset Management Unit
B. Receivership
and Liquidation Goals and Expectations
C. Department
Organizational Chart
D. Position
Descriptions
E. Delegations
of Authority
III. Receivership
& Liquidation Credit Administration
A. Assignment
of Assets
B. Asset Disposition Time lines
C. Asset Reporting Requirements
D. Case Preparation
E. Credit Review Committee
IV. Initial
Procedures
A. Asset Review
status report
B. Establishing
and maintaining Asset Files
C. Sending
Initial Notices
D. Establishing
Tickler Systems/Files
V. Managing
a Loan Portfolio
A. Overview
B. Litigation\Legal
Issues
C. Types
of Borrowers
D. Loan
Documentation
E. Commercial
Loans
F. Agricultural
Loans
G. Leases
H. Syndications
I. Letter
of Credit
J. Life
Insurance Policies
K. Securities
L. Overdrafts
VI. Loan Valuation
A. Financial Statement
Analysis
B. Collateral
C. Appraisals
D. Estimating
Recovery Value
VII. Collection/Liquidation
A. Asset Collection
plan
B. Applying
Loan Payments
C. Employee
Advances and Staff loans
D. Compromises/Settlements/Workouts
E. Loan
Modifications
F. Extension/Modification
Agreements
G. Judgments,
Write-offs, and Deficiencies
H. Penalties
I. Interest
Rate Violations
J. Writing
off the Book Value of Assets
VIII. Asset
Disposition - Loans
A. Asset Marketing
B. Contract
Services
C. Asset
Purchaser Policies & Procedures
IX Supplemental
Information
A. Glossary
B. Prudential
Guidelines for Licensed Banks
C. Guidelines
for the Agricultural Credit Guarantee Scheme Fund
D. Decrees
IX Memorandums
and Police Updates
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