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The Chartered Institute of Bankers of Nigeria (CIBN) has officially inaugurated Professor Pius Deji Olanrenwaju as its new President and Chairman of the Council.
At a ceremony held in Lagos on Friday, May 17, 2024, Justice Owolabi Dabiri administered the oath of office to Olanrenwaju. The event was chaired by Wole Olanipekun, a Senior Advocate of Nigeria (SAN).
Professor Pius Deji Olanrenwaju assumes office succeeding Dr. Ken Opara, the 22nd President and Chairman of the Chartered Institute of Bankers of Nigeria (CIBN). Dr. Opara, who concluded his tenure on a high note, received accolades from fellow leaders in the financial sector.
In his farewell speech, the immediate past president emphasized the importance of building a sustainable future for the banking industry. He urged leaders to focus on strategies that empower the next generation of bankers with essential skills and foster a culture of innovation.
Reacting to the appointment of the new leadership of CIBN, Tajudeen Abbas, the Speaker of the House of Representatives, represented by Nwachukwu Eze, the Chairman of the House Committee on Banking, commended the outgoing CIBN president, Ken Opara. Abbas called on the new leadership to embrace technology to enhance financial inclusion.
Abbas stated, “Today, as we welcome the incoming president and new chairman of the Council, we also reflect on the challenges and opportunities that lie ahead. The banking sector is constantly evolving, driven by technological advancements, regulatory changes, and shifts in customer behavior.”
He emphasized the need for CIBN to remain committed to excellence and innovation amidst these changes. Abbas urged the incoming leadership to embrace new ideas, emerging technologies, and foster collaboration within the industry.
Furthermore, Bello Hassan, the Managing Director/Chief Executive Officer of the Nigeria Deposit Insurance Corporation, emphasized the importance of cybersecurity in the banking sector. He called for a deliberate and collaborative approach to cyber risk involving all stakeholders to protect the resilience of the banking system.
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