CIBN/ODA/NAO/CCER

May 5, 2021

Business Editor 

Dear Sir, 

NEWS RELEASE

CIBN PARTNER WITH NDIC TO DRIVE ADVOCACY AND CONSUMERS EDUCATION 

Dr. Bayo Olugbemi, FCIB, President/Chairman of Council of The Chartered Institute of Bankers of Nigeria (CIBN) has called on the Nigeria Deposit Insurance Corporation to partner with the Institute to drive advocacy and consumers education on some of the laudable initiatives of the Corporation. 

This call was made during a courtesy visit to the Managing Director/CEO in Abuja recently.

The CIBN President also commended the Corporation for its consistent support for the Institute towards the realization of its mandate of determining the standards of knowledge and skills to be attained by persons seeking to become members of the Banking profession. 

He further solicited the support of the NDIC for the proposed amendment of the CIBN Act of 2007, to enhance the power of the disciplinary tribunal to discipline erring bankers, among others. 

Olugbemi also requested that the NDIC support the Institute by donating artefacts and other relevant materials to the newly established Banking Museum of the Institute. 

The Institute reiterated the enormous support extended to it by the NDIC on strategic inputs and contributions as member(s) of the CIBN Governing Council and various Committees of the Institute. 

The CIBN leadership while congratulating Mr. Haruna Bello on his recent appointment as the Managing Director of the Corporation, affirmed that his appointment is a reflection of his doggedness, wealth of experience, innovativeness, and management acumen. He assured him of the support of the Governing Council and members of CIBN, adding that as a member of the Governing Council of the Institute, the Managing Director was expected to be guided always by ethics and professionalism in the discharge of his responsibilities and mandates to the stakeholders of the Corporation, Banking Industry, and the Economy at large.

In his response, the Managing Director/CEO, NDIC,  Mr. Haruna Bello, expressed his gratitude to The Chartered Institute of Bankers of Nigeria and commended them on the impressive level of capacity building and support of the Institute for the Industry. He said that the visit was a testament of the Institute’s continuous effort in sharing its vision and mission with the key stakeholders within the Banking Industry and noted that it would go a long way in strengthening the existing relationship between the Institute and the key stakeholders in the Banking Industry.

Bello reassured the Institute that the Corporation would continue to formulate sound policies to ensure safety within the Banking Industry. He applauded the Institute for accrediting the NDIC Learning Centre as well as the introduction of the Banking Examiner Courses and urged the Institute to continue to foster ethics and professionalism to promote ethical standards in the Banking Industry.

He gave his assurance to continually support the Institute’s leadership and be more active and committed to the Institute’s activities, programmes and events.

 Thank you for using this release.

 With kind regards.

T:+234-1- 4617924, 4610655 M:+2348028289271
CUG:+2348056597178 E:nelsonolagundoye@cibng.org