CIBN Demands For Nigerians’ Protection Against Digital Banking Threats

The Chartered Institute of Bankers of Nigeria

The President of the Chartered Institute of Bankers of Nigeria, Bayo Olugbemi, has charged banking practitioners to protect the interest of Nigerians against emerging threats associated with the use of digital banking platforms.

He stated this in his speech while inaugurating a 160-seat capacity lecture theatre built by the Institute and donated to the Abubakar Tafawa Balewa University, Bauchi, at the Gubi Campus of the institution on Tuesday.

He said, “The Institute, as the conscience and moral compass of the banking and finance industry, is resolute and committed to the observance and maintenance of ethics and professionalism among practitioners in the industry.

“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 further said that it was to build the capacity and competency of northern youth with a view to nurturing knowledgeable, skilled, and competent workforce for the Nigerian banking industry in line with the Competency Framework for the banking industry in Nigeria, as well as promote and sustain the interest of students of northern extraction in the Banking Professional Examinations, thereby accelerating the pace of production of Professional Bankers (Chartered Bankers) whilst addressing the issue of the low number of Chartered Bankers from the region.