Following the success recorded in organising the 22nd World Conference of Banking Institutes, the Chartered Institute of Bankers of Nigeria (CIBN), in 12 days from now, the institute has again concluded all plans to meet with top bankers in the country.

In line with the tradition of organizations to render yearly accounts to their members and other stakeholders, CIBN has said that all necessary arrangements are in place towards hosting the 2017 Annual General Meeting (AGM) of the Institute, Scheduled for Saturday, May 20, 2017 at the Bankers House, Victoria Island, Lagos.

Prof. Segun Ajibola, President/Chairman of Council, of the Institute will preside over the meeting, and according to the institute, it will attract top bankers and other distinguished dignitaries from other sectors of the economy such as Chairmen and Chief Executives of banks, Past Presidents of the Institute, Presidents of other professional bodies, top Government functionaries, Fellows, Honourary Senior Members, Associates and among others.

The meeting will consider the Annual Reports, Accounts and other important matters affecting the Institute and the welfare of members.

It is expected that members of the Institute all over the country will turn-out en-masse as well as participate actively at the discussions for the interest of the banking profession and industry.

It would be recalled that professionals and Stakeholders in the banking industry, who attended the just concluded world banking conference in Lagos, recently, cautioned deposit Money Banks (DMBs) against the practice of sending spinsters, young and married women after net worth individuals and members of the public to source for deposits with outrageous targets.

They believed that such deposit mobilization strategy is bad because it exposes these women to various kinds of inducements.

According to Mr. Adjiedj Bakas, a distinguished thought leader and author of the Future of Banking in his presentation, advised banks to embrace technology, use the ideas of young people, start financial education, recognize the grassroots in their financial inclusion drive and never be afraid to try something new, if they must survive the future challenges that technology will bring into banking.

Also, Vice President Yemi Osinbajo, urged the banking sector to support the country’s Economic Recovery Growth Plan (ERGP) to enable it achieve 7 per cent annual growth forecast by 2020.

The Vice President, represented by Special Adviser to the President on Economic Matters, Dr. Adeyemi Dipeolu, commended the industry for supporting national development in many ways, stressing that the industry must overcome funding challenges for the government to achieve its aims.

Osinbajo said the industry must also support Small and Medium Enterprises (SMEs) to achieve inclusive growth.

“The banking industry has been able to provide job opportunities to many Nigerians, among others. We expect the sector to support our EGRP to enable it achieve sustainable and inclusive growth of core 7 per cent annual growth by 2020.”

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