Nigeria, Oct. 9 -- The Chartered Risk Management Institute of Nigeria (CRMI) has rejected the proposal by the National Assembly to establish the Chartered Institute of Enterprise Risk Management of Nigeria.

In a memorandum submitted to the House Committee on Commerce, the Registrar of CRMI, Victor Olannye, described the move as a duplication of existing institutions with identical functions.

Mr Olannye stressed that the bill currently before the National Assembly conflicts with the mandate of the already established Chartered Risk Management Institute of Nigeria, which is backed by law.

He explained that the 9th National Assembly had enacted the Chartered Risk Management Institute of Nigeria Act No. 39 of 2022, which was duly assented ...