EXPRESSION OF INTEREST/REQUEST FOR PROPOSAL For Appointment of Audit firm for Statutory Audit of CREDICORP

Ref: PRO/OMD/GEN/2025/007

1. INTRODUCTION

The Nigerian Consumer Credit Corporation (CREDICORP) is a Development

Finance Institution established by the Federal Government of Nigeria to

democratize access to consumer credit for the nation's working population. It

aims to accelerate consumer credit access to 50% of economically active

Nigerians by 2030 by removing structural and market barriers and catalyzing

the industry with capital, guarantees, and policy. “CREDICORP” invites applications along with fee quote from practicing Independent Audit Firms in Nigeria with current experience of handling Statutory Audit of a Development-focused institution.

PROJECT DESCRIPTION

Appointment of External Auditor

2. SCOPE OF SERVICE

The external Auditor shall carry out the following assignments:

• Conduct a comprehensive audit of the company’s financial statements for the fiscal year.

• Evaluate internal controls and risk management systems to identify areas of potential improvement.

• Assess compliance with relevant financial regulations, tax laws, and corporate governance standards.

• Provide recommendations on financial processes, controls, and reporting to enhance operational efficiency.

• Deliver a detailed audit report to the Board of Directors and management, outlining findings, recommendations, and any identified discrepancies.

3. AMENDMENT OF RFP DOCUMENT

CREDICORP reserves the sole right to include any addendum to this entire

selection process.

4. ELIGIBILITY CRITERIA

Interested firms shall submit the following minimum verifiable requirements to

be eligible for engagement consideration:

• Evidence of Certificate of Incorporation with the Corporate Affairs Commission (CAC) including Form CAC 2 and CAC 7.

• Evidence of Company Income Tax Clearance Certificate for the last three (3) years. (2021, 2022 & 2023) valid till 31st December, 2024.

• Evidence of Current Pension Compliance Certificate valid till 31st December, 2024.

• Evidence of Current Industrial Training Fund (ITF) Compliance Certificate valid till 31st December, 2024.

• Evidence of Current Nigerian Social Insurance Trust Fund (NSITF) compliance Certificate valid till 31st December, 2024;

• Evidence of Registration with the National Database of Federal Contractors, Consultants and Service providers by submission of Interim Registration Report (IRR) or valid Certificate issued by Bureau of Public Procurement.

• Evidence of Professional Qualifications and License

• Sworn affidavit disclosing that the Bidder is neither in receivership nor a subject of insolvency/bankruptcy/winding up proceedings.

• Company Audited Statement of Accounts for the last three (3) years (2021, 2022 & 2023)

• Evidence of Financial Capability to execute the Audit by submission of reference letter from a reputable Bank.

• Company’s Profile, including current evidence of registration of both the company and key personnel with relevant professional bodies.

• Verifiable documentary evidence of at last three (3) similar jobs executed in the last five (5) years including engagement letters.

• Consent to allow for Verification of all the documents submitted including CAC, Federal Inland Revenue, Pension & Industrial Training Fund and Company’s financial standing with bankers.

• For Joint Venture/Partnership, Memorandum of Understanding (MoU) should be provided (CAC, Tax Clearance Certificate, Pension Compliance Certificate, ITF Compliance Certificate, NSITF Compliance Certificate, IRR & Sworn Affidavits are compulsory for each JV partner).

• All documents for submission must be transmitted with Covering/Forwarding letter under the Company/Firm’s Letter Head Paper bearing amongst others, the Registration Number (RC) as issued by the Corporate Affairs Commission (CAC), Contact Address,

  Telephone Number (preferably GSM No), and e-mail address. The Letterhead Paper must bear the Names and Nationalities of the Directors of the Company at the bottom of the page duly signed by the authorized officer of the firm.

  
  

5. SUBMISSION OF EOI DOCUMENTS /RFP

The Submission of EOI/Request for Proposal can be submitted via CREDICORP EOI Portal or via e-mail in a PDF file format.

6. Fee Quote

Audit Firm shall also submit composite fee quote for the assignments mentioned

7. OPENING OF EOI AND RFP

The EOI documents and RFQ shall be opened immediately after the deadlines for submissions at 12:00 noon on 2nd May, 2025.

8. GENERAL INFORMATION

• Request for Proposals must be in English Language and signed by an official authorised by the bidder.

• Request for Proposals shall not be accepted after the deadline.

• The CREDICORP is neither committed nor obliged to shortlist any firm.

• The CREDICORP will only recognize and correspond with only authorised officers of the applicant’s companies and NOT through individuals or agents acting on their behalf.

• This advertisement for invitation shall neither be construed as a commitment on the part of the CREDICORP nor shall it entitle any contract to make any claims whatsoever and /or seek any indemnity from the CREDICORP.

• Submission with false document is an offence, which will lead to disqualification and prosecution.

• The applicants shall bear all costs associated with the preparation and submission

• The Applicant is expected to examine all instructions, forms, terms, and specifications in this RFP. Application shall be deemed to have been done after careful study and examination of this RFP with full understanding of its implications.

• The information contained in this Request for Proposal (RFP) document information provided subsequently to applicants, is provided to the applicant(s) on the terms and conditions set out in this RFP document and all other terms and conditions subject to which such information is provided.

• CREDICORP is not bound to pre-qualify/shortlist any firm and reserves the right to annul the Procurement Process at any time without incurring any liabilities in accordance with Section 28 of the Public Procurement Act 2007.

For inquiries and submission, please contact:

Telephone - 09088758476

email - enquiries@credicorp.ng

Signed

Management CREDICORP