The Chartered Institute of Bankers of Nigeria (CIBN) has sought the Senate Passage of its proposed Act Bill.
President and Chairman of the Council of CIBN, Ken Opara, disclosed this recently when he led a team from the Institute on a dialogue with the Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, Sen. Adetokunbo Abiru.
He said the visit is necessary to share thoughts on key issues and initiatives affecting the banking and finance industry.
Opara commended the Committee for supporting the Institute in reviewing Extant Laws in the financial sector and its recent intervention to tackle the country’s economic challenges.
He said, “We commend the Institute for being sensitive to the economic situation, which necessitated your invitation to the Governor of CBN for a brief over the state of the Economy; the engagements you had and the issues you raised, such as Inflation, FX, IMTO and the clarification on the 43 banned items, are all issues of interest to the banking public.
“We also commend you on the proactive steps taken by this Committee to comprehensively review the extant laws within the financial services sector to foster economic sustainability and growth. We applaud the Committee for the review of the 2024 budget of all Ministries, Departments and Agencies (MDAs) under the supervisory purview of the Committee. We also commend you for the continuous initiatives to ensure that MDAs under the supervisory purview of the Committee are properly run in line with sound Corporate Governance principles”.
DAILY POST recalls that last week, the Senate Committee summoned the governor of the Central Bank of Nigeria, Olayemi Cardoso, Minister of Finance Olawale Edun and others over the rising hardship and free fall of Naira.
