CIBN, Ecobank Partner on Financial Inclusion, Capacity Building

Uche Olowu

The President and Chairman of Council, Chartered Institute of Bankers of Nigeria (CIBN), Dr. Uche Olowu has commended Ecobank’s strategies at attracting the unbanked and under-banked in the country through its various digital offerings.

He affirmed that Ecobank’s recent activities across various markets clusters are a major boost to the regulators financial inclusion policy.

Olowu who was speaking during a CIBN stakeholder’s engagement with Ecobank’s management in Lagos recently, alluded to the various digital payment solutions that the bank currently parades such as RapidTransfer, Ecobank QR payment option, the EcobankPay, Xpress Account amongst others.

He noted that apart from stress-free transactions process enjoyed with the digital products, they are fast boosting business and economic activities across the markets.

The CIBN President said: “We commend the bank on its promotion of digital banking and payments through its various platforms which have won it many awards.

“This is certainly the way to go. And, we also appreciate your support to the Institute’s activities and programmes.”

Furthermore, Olowu said the institute was collaborating with banks, that includes Ecobank to promote capacity building, ethics and professionalism in the sector.

According to him, “your activities in developing the industry aligns with the Institutes’ new leadership strategic areas which include; skills and competency, ethics and professionalism, research and advocacy.

“We facilitate registration and enrolment of members of staff for professional banking examinations and other certification programmes.

“We enable the registration of senior executives of the banks on the Chartered Banker MBA Programme (An international fast tract/flexible route to becoming a chartered banker). There are many things we can do together to move the banking industry forward.”

In his remarks, the Managing Director, Ecobank Nigeria, Patrick Akinwuntan, said Ecobank would continue to leverage digital banking in a sustainable manner to bring banking services to every household in Nigeria. He emphasised that the bank was at the forefront of providing mobile payment solutions in the country.

Akinwuntan, who took the stakeholders through the various Ecobank digital payment solutions and collections, disclosed that the bank has concluded plans to commission 50 EcobankPay zones across the country within the next six months to boost transactions in the various market clusters.