CIBN, Banks CEOs, EFCC Join Forces in Anti-financial Crime Crusade

In a concerted effort to combat financial crimes and uphold ethical standards within the banking sector, the Chartered Institute of Bankers of Nigeria (CIBN), the Body of Banks’ CEOs, and the Economic and Financial Crimes Commission (EFCC) have pledged to collaborate closely in the fight against corruption.

The Executive Chairman of the EFCC, Mr. Ola Olukoyede, emphasised the collective responsibility of all stakeholders in tackling corruption during a meeting with representatives from CIBN and the Body of Banks’ CEOs.

He stressed that the fight against corruption is not solely the duty of the EFCC but requires the active involvement of various institutions and organisations.

President/Chairman of Council of CIBN, Dr. Ken Opara in a statement reiterated the institute’s commitment to promoting ethics and professionalism within the banking industry.

He highlighted the mandatory Annual Ethics Certification Programme for bank staff and announced plans to establish a Banking School funded by the Body of Banks CEOs. This initiative aims to reinforce ethical practices and complement the EFCC’s anti-corruption efforts.

Representing the Chairman of the Body of Banks’ CEOs, Mr. Lamin Manjang, commended the EFCC for its efforts in combating corruption and securing numerous convictions. He acknowledged the Commission’s dedication to justice and the rule of law, citing its record-breaking achievements in convicting perpetrators of financial crimes.

In response, Mr. Olukoyede expressed gratitude for the collaborative efforts proposed by CIBN and the Body of Banks’ CEOs. He welcomed the initiative to establish a capacity-building program for EFCC staff, aimed at enhancing their knowledge of banking and financial operations. Mr. Olukoyede emphasized the importance of adherence to ethical standards and pledged to review EFCC’s operational guidelines to ensure alignment with best practices.