On Tuesday 14th, May, Justice Owolabi Dabiri swore in Professor Pius Olanrewaju as the 23rd President/Chairman of the Council, Chartered Institute of Bankers of Nigeria (CIBN) at a ceremony held in Lagos where He was presented with an insignia of office.

At this event, which Justice Owolabi Dabiri presided over, Wole Olanipekun, the Senior Advocate of Nigeria was the chairman, and Nwachukwu Eze, the chairman of the House Committee on Banking, who represented and delivered the goodwill message of Speaker of the House of Representatives, Tajudeen Abbas, recognized the erstwhile president of CIBN, Ken Opara and encouraged the sworn in officials boost financial inclusion using technological approaches.

We discussed the potential and challenges ahead as we welcomed the new Chairman of the Council and the incoming President today. Technology breakthroughs, changes in regulations, and modifications in consumer behavior have impacted the banking sector, according to Mr Speaker.

He emphasized the significance of embracing innovation and collaboration to navigate these challenges and identify the potential to promote financial inclusion and sustainable development. Although strides have been taken to increase the accessibility of financial services, many Nigerians are left out of the formal banking sector.

“It is necessarily upon all stakeholders including the CIBN to intensify your efforts to promote financial literacy, broaden finance access, and foster inclusive growth, that leaves nobody out”. He remarked.

The Nigeria Deposit Insurance Corporation’s Managing Director and Chief Executive Officer, Bello Hassan, brought cybersecurity and cyber risk to the attention of stakeholders in the banking system and expressed that a deliberate and collaborative approaches preserves the system’s resilience.

Olanrewaju was elected alongside other officials including First Vice President, Dele Alake, Second Vice President, Mojisola Bakare-Asieru, and National Treasurer, Peter Ashade on April 6, 2024.

Ismail Salau
Ismail Salau
I'm Salau Ismail, a content writer, Student researcher and an undergraduate at Obafemi Awolowo University, I'm passionate about Health and Personal development. I craft contents that informed and engaged my audience.

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