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Banking Institutes Confab ‘ll Deepen Financial Literacy – CIBN

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8 years ago

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President, Chartered Institute of Bankers of Nigeria (CIBN), Prof. Segun Ajibola,says the 22nd World Conference of Banking Institutes (WCBI) will strengthen financial literacy.
Ajibola made the assertion at a news conference on the forthcoming  WCBI holding in Lagos from April 24 to 28.
He said that the conference would play cardinal role in the fulfilment of the Financial System Strategy 2020 (FSS 2020), a programme meant to deepen the financial literacy in the country.
The CIBN president said the institute would ensure that by 2020, the number of financial illiterates in Nigeria would have been reduced, irrespective of whether they were in the rural or urban areas.
He said, “FSS 2020 is rethinking the future of banking and finance.
“What should be happening and where should people be by 2020 as far as financial literacy is concerned.”
Ajibola said that the conference theme is entitled: “Re-thinking the Future of Banking and Finance and Lifelong Learning.”
He said that the theme was aimed at addressing the issues of financial strategies and the likely happenings in the immediate and in the long-run.
“The objective of the conference is to review and keep abreast of challenges in the domestic and global financial system,” Ajibola said.
The CIBN chief said that the conference would also underscore the crucial role played by the banking and financial services sector in the global economy.
He listed others to include exploring management issues in the financial services sector and its impact on national and global economies.
Ajibola said that the conference would allow over 750 participants from all continents of the world to understand the impact of technology and globalisation on the financial service.
“We want to reflate our economy and attract investments in the country.
“The conference will provide a veritable platform for the country to showcase to the entire world its rich cultural heritage and investment potential,” he said.
The CIBN president also said that the conference was a biennial global forum that would bring together professionals from the financial services sector and stakeholders across the globe.
He said that they would discuss pressing issues facing the financial industry.
Ajibola said that the Global Banking Standards Board (GBEStB) would be launched at the conference, being the first in West Africa.
Ajibola said that hosting of the conference was timely considering the fact that the country was in search of viable alternatives toward repositioning the Nigeria economy.
He said, “We want to reflate our economy and attract investments to the country.”
Ajibola said that Gov. Akinwunmi Ambode of Lagos State, had adopted the conference to be part of the state’s activities to celebrate 50 years of the creation of Lagos State.
The Chairman, Organising Committee, Dr Segun Aina, said that CIBN commenced the journey about four years ago.
Aina said it was in 2013 that Nigerian delegation to the World conference in Kenya proposed to host it and the Governing Council approved that CIBN should bid to host the 2017 edition.

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NPA Assures On Staff Welfare 

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2 weeks ago

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June 27, 2025

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The Managing Director, Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has said the management will continue to accompany its port infrastructure  and equipment  modernization drive  with the development of the welfare of its personnel.
Dantsoho made the disclosure recently while responding to the commendation by the Maritime Workers Union (MWUN) and the senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASGOC) on the  clearing  of the age-long problem of employee stagnation, when the union paid him a courtesy visit at the Authority’s headquarters in Lagos.
A Statement by NPA’s General Manager Corporate & Strategic Communications, Mr. Ikechukwu Onyemekara, quoted Dantsoho as saying,  “our Port infrastructure and equipment modernization drive will go hand-in-hand with continuous staff welfare improvement”.
The NPA MD disclosed that human capital development constitutes the key strategy for creating and sustaining superior performance under his watch, adding that “talent development constitutes a critical success factor for the actualization of the big hairy audacious goals we have set for ourselves especially in the area of Port competitiveness.
“The only way we can meet and indeed exceed stakeholders’ expectations is to deepen the competencies of our human resources assets and boosting their morale.”
Speaking further, Dantsoho commended the Honourable Minister of Marine & Blue Economy, Adegboyega Oyetola, for approving the strategic proposal of the Dantsoho-led Management team that solved the over a decade-long problem of lack of promotion that had fuelled industrial disharmony.
“I must specially appreciate our amiable Minister for graciously approving the multi-pronged stratagem we deployed that cleared all outstanding cases of employee stagnation by conducting examinations in one fell swoop and instituted timelines to forestall a recurrence of such anomaly”, he sad.
Speaking on behalf of the joint maritime labour unions, the President  of Senior Staff Association of Statutory Corporations & Government-Owned Companies (SSASCGOC), Comrade Bodunde stated, “In addition to clearance of the backlog of stagnated promotions, we also wish to express our appreciation for the increase in productivity bonuses, provision of end-of-year welfare packages for staff, and the revision of the Financial Guide to the Condition of Service, which now addresses our members’ concerns about inflationary pressures.”
Nkpemenyie Mcdominic, Lagos
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ANLCA Chieftain Emerges FELCBA’s VP

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2 weeks ago

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June 27, 2025

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National Secretary of the Association of Nigerian Licensed Customs Agents (ANLCA), Elder Olumide Fakanlu, has been elected Vice President of the Federation of ECOWAS Licensed Customs Brokers Association (FELCBA).
The election took place during the FELCBA Congress, held from Tuesday, June 17th to Thursday, June 19th, 2025, in Freetown, Sierra Leone.
Fakanlu’s emergence as Vice President marks a significant achievement for Nigeria within the regional customs brokerage community.
Apart from Fakanlu, Secretary of the Seme Chapter of ANLCA, Austin Nwosu, was also elected, securing the role of Secretary of Relations with Institutions.
The Nigerian delegation played an active role in the congress, with Michael Ebeatu nominated as a member of the electoral officer team, ensuring a fair and transparent election process.
The three-day congress concluded with delegates undertaking a visit to the Sierra Leone Port, offering insights into the host nation’s maritime operations, followed by a recreational trip to the Tokeh Beach.
The newly elected executives are expected to lead FELCBA in its efforts to harmonize customs brokerage practices, promote trade facilitation, and advocate for the interests of licensed customs brokers across the ECOWAS sub-region.
Nkpemenyie Mcdominic, Lagos
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NSC, Police Boost Partnership On Port Enforcement 

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2 weeks ago

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June 27, 2025

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In a bid to enhance more enforcement in the nation’s Port, the Nigerian Shippers’ Council (NSC) has reaffirmed its commitment to stronger inter-agency collaboration with the Nigeria Police Force (NPF).
The Council said the collaboration is aimed at enhancing stronger enforcement, compliance and improve operational efficiency across Nigeria’s ports.
Executive Secretary/Chief Executive Officer of  NSC, Dr. Pius Akutah, made this known during a visit to the  Inspector-General of Police, Dr. Kayode Adeolu Egbetokun, at the Force Headquarters, Abuja.
The visit, which he said, focused on strengthening institutional synergy, comes in the wake of growing responsibilities for the NSC under the newly created Ministry of Marine and Blue Economy.
Akutah emphasized the critical role of security agencies in supporting port operations and ensuring regulatory compliance.
He called for the posting of police officers to assist the Council’s monitoring and enforcement teams at key port locations including Lagos, Warri, Onne, Port Harcourt, and Calabar.
“The posting will complement the activities of our revived task teams and enhance our ability to enforce standards across the maritime logistics chain”, he said.
Earlier, the Inspector-General of Police, Dr. Egbetokun, assured the Council of the Force’s readiness to continue supporting the growth of the maritime sector.
The IGP acknowledged that compliance enforcement is essential to the successful implementation of Nigeria’s Blue Economy objectives.
“The NSC and NPF are expected to deepen collaboration in the months ahead, with a shared focus on building a secure, efficient, and competitive port environment”, to the IGP emphasized.
Chinedu Wosu
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