A Committee to be known as the Investment Committee is set up by the Board of the Lagos State Micro-Finance Institution (LASMI) for the purpose of:
-
Considering and approving all investment proposals forwarded to it (i.e. the Committee) by the Board;
-
Taking decision on:
- the utilization and investment of the fund; and
- appraisal of loan capital applications by Microfinance Banks.
The Committee which consists of between 5 and 7 members and headed by a Chairman elected from among its members, shall carry out its responsibilities and functions without interference of the Board. However, its decision shall be ratified by the Board.
The following are the members of the Committee:
