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NDIC Boss Urge Banking Sector to Prioritise Cybersecurity

POSTED ON May 18, 2024 •   BUSINESS & ECONOMY      BY Abiodun Saheed Omodara
Chief Executive Officer of the National Deposit Insurance Corporation, Bello Hassan l Credit:ndic.gov.ng

National Deposit Insurance Corporation CEO Bello Hassan has called on bankers in the country to pay attention to cybersecurity.

He declared this on Friday at the swearing-in ceremony of Professor Pius Olanrewaju as the 23rd Chairman of the Council of Chartered Bankers of Nigeria in Lagos.

``In this regard, a conscious and collaborative approach to cyber risks involving all stakeholders is critical to safeguarding the resilience of the banking system.'' Mr. Olanipekun, Senior Counsel of Nigeria, Appointed .

House of Representatives Spokesman Tajudeen Abbas, in his goodwill message, on behalf of Nwachukwu Eze, Chairman of the House Banking Committee, praised former CIBN Governor Ken Opara and called for new policies. Managing organizational technologies used to promote financial inclusion.

He said: “Today, as we welcome a new President and new Council Chair, we are also thinking about the challenges and opportunities ahead. The banking sector continues to evolve due to technological advances, regulatory changes and changes in customer behavior.

“Given these types of changes, CIBN must remain steadfast in its commitment to excellence and innovation.The new leadership will be in a position to overcome these challenges and capitalize on the opportunities before us. We need to embrace new ideas and new technologies, and encourage collaboration within our industry.

“As we look to the future, we must not lose sight of the importance of financial inclusion and sustainable development. However, progress has been made in expanding access to financial services. 

``Promote financial literacy, expand access to finance and leave no one behind.'' "It is the duty of all stakeholders, including CIBN, to redouble our efforts to foster inclusive growth," he advised.

Chairman Olanipekun of the event called on journalists for the institute to play a more active role in shaping government policy.

“CIBN should be involved in the design, modeling and reinvigoration of key measures and fiscal policies. When we stand today and talk about inflation, runaway inflation, runaway inflation, and high commodity prices that are beyond the reach of the average citizen, we cannot expect institutions like this to stand by with their arms crossed.

“They should play an advisory role to the government. We expect the institute to play an important role over the next two years. They have tried hard, but they need to do more.” “Nigerians need this institute now more than ever,” he says.

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