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CIBN Harps on Professionalism in Banking Industry

24 Jan 2013

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Chinazor Megbolu

The Chairman, Chartered Institute of Bankers (CIBN), Lagos State Branch, Mr. Bolade Agboola, has advised all financial sector operators and workers to apply for professional qualifications in order to enhance capacity in the sector.

He made this known during the maiden press briefing of the newly-elected executive members of the institute in Lagos.

He noted that in the past 50 years of banking professionalism in the country, the nation had witnessed developmental contributions in the areas of automated and e-payment systems of which is being upgraded on a daily basis.

“We want financial practitioners to focus more on training of their staff in a bid to develop human capacity instead of focusing more on making profit alone,” Agboola said.

He described the plan by the House of Representatives to strip the Central Bank of Nigeria (CBN) of its banking supervisory role as a welcome development.

Agboola pointed out that despite the planned withdrawal of the supervisory role of the apex bank, he would want the CBN’s autonomy retained.

He said the institute would not hesitate to punish any member found to have run afoul of banking ethics saying, “CIBN frowns at indiscipline and punishes those who flout the orders or ethics of the profession. We also use training to help members not to misbehave.”

Meanwhile, the immediate past chairman of the institute, Mr. Bayo Olugbemi, said members of the executives were currently sourcing N250 million earmarked for the building of a new secretariat for the branch through donations from willing individuals, private and corporate organisations.

Tags: Business, Nigeria, Featured, CIBN, Professionalism, Banking Industry

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