The outgoing Council members of the Kano Chamber of Commerce, Industry, Mines and Agriculture ( KACCIMA), under the leadership of Alhaji Garba Imam, have revealed that it inherited N1.2 million from the Interim Management Council (IMC) two years ago.
The President of the KACCIMA, Alhaji Garba Imam disclosed this in his remarks at the Extraordinary General Meeting (EGM) organised by the chamber, held in Kano.
According to Imam,the council, inaugurated in August 2023, used the paltry N1.2 million it inherited from the IMC and successfully organised the 45th and 46th “Kano International Trade Fairs.
He explained that at the two trade fairs, several innovations were introduced, which included free gate access, free internet services, growth in the number of international and local exhibitors, and the introduction of empowerment-oriented activities.
The President further disclosed that the surplus realised from the trade fairs was invested in an Islamic finance banking product, Mudarabah, adding that “as at 22 June 2025, the chamber’s bank balance stood at N81.4 million and $2,537.90”.
Imam added that the total value of shares also increased significantly, from N19 million in 2022 to N65.9 million as of December 2024.
“The Council inherited some liabilities, all of which were verified and fully settled,” he added.
Further enumerating the council’s achievements within the two years, Imam states that a training and capacity-building centre had been established at the chamber to support the continuing development of its members and enhance revenue generation.
The centre, according to him, “was graciously furnished by the current Director General as a donation to the chamber”.
In terms of staff welfare, Imam disclosed, “The Council had demonstrated the highest level of support.
“Staff salaries were reviewed upwards by 50%, and an additional 10% was added to their pension contributions. Medical and Group life insurance packages were introduced as part of staff benefits. Upon discovering that the chamber had never complied with the Pension Reform Act 2014 (as amended), the Council took swift action to register all staff as contributors and pensioners with FCMB Pension Fund. 2.2024 2024
“To enhance the effective management of the Chamber, the Council appointed an astute executive, Sabiu Umar Yola, as Director General. A Director of Business Development, stute Officer, and an Internal Auditor were also engaged.
“Having found that the staff condition of Service document was written over 20 years ago, the Council commissioned a committee to review and amend it. Over 30 discrepancies were identified and corrected, and a new condition of service was approved,” Imam said.
He states that the meeting had become necessary due to several factors that caused delays in the governance process and compliance with the law.
Biz Point