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Wednesday, November 30, 2022

CIBN Sues For Nigerians’ Protection Against Emerging Digital Banking Threats

President of the Chartered Institute of Bankers of Nigeria (CIBN), Bayo Olugbemi, has urged banking professionals to safeguard Nigerians’ interests from rising hazards linked with the usage of digital banking systems.

He announced this On Tuesday in an address at the Gubi Campus of the Abubakar Tafawa Balewa University, Bauchi, where he dedicated a 160-seat lecture theatre built by the Institute and gifted to the institution.

“As the banking and financial industry’s conscience and moral compass, the Institute is firm and devoted to the observation and maintenance of ethics and professionalism among practitioners,” he stated.

AIHS 2022

“May I, therefore, use this medium to call on all practitioners in the banking industry to remain steadfast to the ethos of the profession and maintain the tenets of trust and honesty, which is the hallmark of our profession. We must do everything possible to protect the interest of the banking populace against emerging threats associated with the use of digital platforms for banking transactions.”

Olugbemi said the project which is being replicated in each of the geopolitical zones of the country, represents CIBN’s modicum contribution to the development of banking and finance education in Nigeria, adding that more specifically, the Institute embarked on this project to encourage and motivate students of northern extraction to take interest in the banking profession, as a catalyst for growth and development in the region.

He went on to say that the goal was to develop the capacity and competency of northern youth in order to nurture knowledgeable, skilled, and competent workforce for the Nigerian banking industry in accordance with the Competency Framework for the Banking Industry in Nigeria, as well as to promote and sustain the interest of students of northern extraction in the Banking Professional Examinations, thereby speeding up the production of Professional Bankers (Chartered Bankers).


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