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CIBN to Collaborate with Banks on Financial Inclusion


The President, Chairman of Council, Chartered Institute of Bankers of Nigeria, Dr Uche Olowu, says the institute is collaborating with banks to promote capacity building, ethics and professionalism in the sector.

A statement disclosed that Olowu said this while commending Ecobank’s strategies at attracting the unbanked and under-banked in the country through its various digital offerings, during a CIBN stakeholder’s engagement with Ecobank’s management in Lagos on Monday.

He affirmed that Ecobank’s recent activities across various market clusters were a major boost to the regulator’s financial inclusion policy.

Olowu alluded to the various digital payment solutions that the bank currently provided, such as RapidTransfer, Ecobank QR payment option, the EcobankPay, and Xpress Account, among others.

He noted that apart from stress-free transaction process enjoyed with the digital products, the products were boosting business and economic activities across the markets.

Olowu stated, “We commend the bank on its promotion of digital banking and payments through its various platforms, which have won it many awards. This is certainly the way to go; we also appreciate your support to the institute’s activities and programmes.

He added that the institute was collaborating with banks that included Ecobank, to promote capacity building, ethics and professionalism in the sector.

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“Your activities in developing the industry align with the institute’s new leadership strategic areas, which include skills and competency, ethics and professionalism, research and advocacy. We facilitate registration and enrolment of members of staff for professional banking examinations and other certification programmes.

“We enable the registration of senior executives of the banks on the Chartered Banker MBA programme (An international fast tract/flexible route to becoming a chartered banker). There are many things we can do together to move the banking industry forward.”

In his remark, the Managing Director, Ecobank Nigeria, Mr. Patrick Akinwuntan, said Ecobank would continue to leverage its digital banking in a sustainable manner to bring banking services to every household in Nigeria.

He emphasised that the bank was at the forefront of providing mobile payment solutions in the country.

Akinwuntan, who took the stakeholders through the various Ecobank digital payment solutions and collections, disclosed that the bank had concluded plans to commission 50 EcobankPay zones across the country within the next six months to boost transactions in the various market clusters.