CIBN solicits support of NDIC’s on proposed Act amendment

Dr Bayo Olugbemi, president, Chartered Institute of Bankers of Nigeria (CIBN) has called on the Nigeria Deposit Insurance Corporation (NDIC) to collaborate with the Institute to drive advocacy and consumers education.

Olugbemi made the call during a courtesy visit to Mr Haruna Bello, managing director/CEO of NDIC in Abuja.

The president CIBN also solicited support of the NDIC on the proposed amendment of the CIBN Act of 2007, to enhance the power of the disciplinary tribunal to discipline erring bankers, among others.

In a statement issued by Mr Nelson Olagundoye, head, Corporate Communications and External Relations, CIBN, in Lagos, Olugbemi disclosed that the corporation has come up with some laudable initiatives that require partnerships.

“So, we call on the Nigeria Deposit Insurance Corporation to partner with us to drive advocacy and consumers education on some of the laudable initiatives of the Corporation,” Olugbemi said.

Olugbemi commended the corporation for its consistent support for the institute toward the realisation of its mandate of determining the standards of knowledge and skills to be attained by persons seeking to become part of the banking profession.

The CIBN President also requested that the NDIC support the Institute by donating artifacts and other relevant materials to the newly established Banking Museum of the Institute.

He commended the enormous support extended to the institute by the NDIC on strategic inputs and contributions as member(s) of the CIBN Governing Council and various Committees.

Olugbemi, while congratulating Mr Haruna Bello on his recent appointment as the Managing Director of the Corporation, said it was a reflection of his doggedness, wealth of experience and management acumen.

He also assured him of the support of the Governing Council and members of CIBN.

Olugbemi said that as a member of the 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.

Responding, Bello expressed gratitude to the institute and lauded it on the level of capacity building and support for the industry.

“This visit is a testament of the institute’s continuous effort in sharing its vision and mission with the key stakeholders within the banking industry.

“This will go a long way in strengthening the existing relationship between the institute and key stakeholders in the banking industry”, Bello said.

He reassured the institute that the corporation would continue to formulate sound policies that would ensure safety within the banking industry.

Bello commended the institute for accrediting the NDIC Learning Centre as well as the introduction of the Banking Examiner Courses, urging it to continue to foster ethics and professionalism to promote ethical standards in the banking industry.

He pledged to continually support the institute’s leadership and be more active and committed to its activities, programmes and events.