ICPC Urges Ethics Compliance in Banking Sector

09 Nov 2012

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 ICPC office

Adebiyi Adedapo  

The Chairman of the Independent Corrupt Practices and Other Related Offences (ICPC), Ekpo Nta, has called for compliance with the ethics of the banking profession and capacity building for bank staff.

Nta said made this call while  receiving the delegation from Chartered Institute of Bankers of Nigeria (CIBN) led by its President, Mr. Segun Aina.

He stated that 80 per cent of the commission’s investigation involved the banking sector.
The chairman also called on financial institutions to offer quality and adequate training to its staff, especially in the area of electronic banking, which according to him was the order of the day.

Nta observed that the training received by staff of financial institution was not commensurate with the task of the recently introduced electronic banking system, thereby necessitating the use of support staff by the institutions.

“The speed of e-banking is not commensurate with the training of members of staff, information technology companies who offers professional services on behalf of the banks have no professional body that can be held responsible, in case of any error,” he said.

He stated further that the boom in the banking sector witnessed graduates from various fields working in banks with little or no professional training.
“Most of the banks didn’t do capacity building and did not address ethical issues,” he added.

Nta who declared that the commission was more interested in recovery of looted assets back to the public treasury than subjecting the looter to fruitless media ridicule, said the commission would do all it takes, including arbitration to recover the loots.

He noted that the negative publicity over the issue of corruption and corrupt practices was denting the image of the country.
According to him, the ICPC was more interested in recovering loot, even through arbitration rather than engage in fruitless litigation and public embarrassment that could tarnish image of the country.

Nta, however, called for professionalism and tradition structure in the Nigerian banking sector, which recognises experience and seniority in the profession.
Earlier, leader of the delegation, Aina called for an effective partnership between the CIBN and the commission against financial crimes particular to combat money laundry.

Aina stated that such partnership would reduce the time with which the commission prosecutes cases involving financial in the court.
According to Aina, for the commission to function effectively in its campaign against crimes in the financial institutions, it must collaborate with the institute.
“Our visit today is to open up one of such regular engagements, and for a better service,” he said.

Tags: Business, Nigeria, Featured, ICPC, Banking Sector

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