CIBN others to host the anti-corruption programme, Abuja

The Chartered Institute of Bankers of Nigeria (CIBN) partnering Presidential Advisory Committee Against Corruption (PACAC) along with the Association of Chartered Certified Accountants (ACCA),and The Convention on Business Integrity (CBi) will have joined forces to tackle fraud and financial corruption in the country’s banking and finance sector.

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According to the statement, the anti-corruption programme themed Financial Systems Integrity Improvement is a conference scheduled for June 30, 2017 in Abuja.

The Keynote speaker for the event will be Nick Leeson, whose dealings at Barings Bank led to the collapse in 1995 of one of Britain’s oldest financial organisations.

The organiser revealed that the conference will address regulatory and institutional measures being taken by the financial services sector and regulators to minimize fraud and corruption in the sector, the effectiveness of such measures and required steps to close existing gaps and effectively sanction breaches by few defaulting players.

The collaborating partners are persuaded that all stakeholders in the financial services sector share a common goal for enthronement of systemic integrity and accountability in light of existing self-regulating measures albeit inadequate. Therefore, it was reiterated that the conference will identify further preventive and practical measures required by the players and regulators to tackle fraud, corruption and other forms of financial crimes.

The statement made it clear that the event will be attended by key players in the financial services sector including the Minister of Finance, Governor of CBN, Chief Executives of Banks and other financial institutions, compliance officers of banks, private sector operators, consumers of financial services, civil society and representatives of the diplomatic community.

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