Some stakeholders in the banking industry on Tuesday commended the Chartered Institute of Bankers of Nigeria (CIBN) for improving professional ethics in the banking sector.
The stakeholders, who spoke at the institute’s breakfast meeting in Lagos, expressed gladness that it was able to reduce abuses and unethical behaviors in the sector.
TBI Africa reports that CIBN, headed by Prof. Olusegun Ajibola, has trained more than 124 thousand staff of Deposit Money Banks (DMBs), microfinance banks and regulatory bodies.
The institute has in the last 11 months accredited six Banking Academies and 20 Education Training and Service Providers (ETSPS), while the applications of two other Banking Academies and 15 ETSPS are being processed.
Mr Bola Afolayan, a Fellow of the Chartered institute of Bankers of Nigeria (FCIB), commended the institute’s effectiveness in delivering its mandate. “I wonder how Prof. Ajibola was able to record all the achievements with his primary assignment as a lecturer at Babcock University, Ogun State. I can now beat my chest that CIBN is now up to international standard.’’
He, however, advised the institute to ensure that non-active members become active.
Another FCIB, Mr Sunday Ogunfadebo said some years ago, CIBN was condemned for not investing on training. “But now, the institute does not only train locally but internationally. From the reports, we also see that microfinance banks became vibrant through the institute’s workshops and capacity building,’’ he said.
Mrs Akosa Regina, a retired banker commended the institute for reducing fraudulent practices in banking system to its barest minimum. “What the CIBN is doing is to enthrone ethics because everybody that is working in the country’s banking system is under the institute’s coverage.
“The bankers now know that any breach of trust from their sides is abuse and will attract severe punishment,” she said.
