Cybercrime ‘threatens financial sector’

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LAGOS, NOVEMBER 15, 2017 – The President, Chairman of Council, Chartered Institute of Bankers of Nigeria (CIBN), Segun Ajibola has described cybercrime is assuming a threatening dimension in the financial services sector.

Speaking at the 2017 Bankers’ Dinner held in Lagos, he said CIBN has been working closely with all stakeholders to build capacity required for addressing this challenge.

He said the most recent was the bringing together of over 50 judges of different levels of court in the country by the institute to discuss the legal implications of cybercrime. The event was the 17th Annual Seminar on Banking and Allied Matters for Judges held in 2017 – a collaborative programme with the National Judicial Institute (NJI).

He said the CIBN remains committed to the promotion of high ethical and professional conduct among its members as the banking industry is pivotal to achieving sustainable growth and development in the country.

“In line with this, arrangements are ongoing by the Institute to commence a certification programme on ethics which would cut across every cadre of staff in the banking industry. The Institute has developed effective template for the implementation of the Competency Framework as the sole accreditation agency for the Framework aimed at further promoting standards and competencies among practitioners,” he said.

He disclosed that during the course of the year, CIBN collaborated with some agencies such as Presidential Advisory Committee Against Corruption (PACAC) and signed Memoranda of Understanding (MoUs) with some sister professional bodies such as Nigerian Bar Association, Nigerian Institution of Estate Surveyors and Valuers with a view to adding more values to the Nigerian State. The Association of Professional Bodies of Nigeria continues to play a very key role in promoting professionalism across the length and breadth of Nigeria.

“We have extended this leadership role to other West African countries. CIBN Examinations have commenced in The Gambia while we have signed MoUs with Liberia and Sierra Leone and candidates are eagerly waiting for April 2018 to commence the writing of CIBN Examinations. We will be visiting other countries soonest with a view to helping to promote sound banking practices in those countries.

DCSL 90X780

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