Would you like to receive notifications on latest updates of the following headlines?

NDIC Boss Urge Banking Sector to Prioritise Cybersecurity

POSTED ON May 18, 2024 •   BUSINESS      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.

READ ALSO
FG Champions Cocoa Industry for Economic Growth and Environmental Sustainability
BY Abiodun Saheed Omodara August 12, 2025 0

The Federal Government has reiterated its dedication to enhancing Nigeria’s cocoa sector while...

READ ALSO
Oil Trade: Indian Refineries Turn to Nigerian Crude While Dangote Refinery Embraces US Imports
BY Abiodun Saheed Omodara August 11, 2025 0

Indian refineries are purchasing Nigerian crude, while Nigeria’s Dangote Petroleum Refinery is...

READ ALSO
States Allocate N235.58 Billion for External Debt Servicing in H1 2025, A 68.4% Surge
BY Abiodun Saheed Omodara August 11, 2025 0

In the first half of 2025, states collectively allocated approximately N235.58 billion towards meeti...

READ ALSO
Foreign Investors Pull Out N576.09 Billion from Nigerian Equities in H1 2025
BY Abiodun Saheed Omodara August 7, 2025 0

Foreign investors divested from equities totaling N576.09 billion on the Nigerian Exchange from Janu...

READ ALSO
EFCC Warns Developers: "Don't Profit from the Proceeds of Crime
BY Abiodun Saheed Omodara August 7, 2025 0

ABUJA, Nigeria - The Economic and Financial Crimes Commission (EFCC) has raised concerns about the p...

READ ALSO
Tinubu Calls for Enhanced Regional Integration to Boost West Africa's Economic Competitiveness
BY Abiodun Saheed Omodara August 2, 2025 0

President Bola Tinubu has highlighted the crucial need for enhanced regional integration throughout...

READ ALSO
Dangote Advocates Affordable Housing Solutions at Africa International Housing Show
BY Abiodun Saheed Omodara August 1, 2025 0

Dangote Cement Plc has urged stakeholders in Nigeria's housing sector to adopt affordable mass housi...

READ ALSO
NOGASA Warns of Nationwide Disruptions as Dangote Refinery Plans Direct Supply to Consumers
BY Abiodun Saheed Omodara August 1, 2025 0

The Natural Oil and Gas Suppliers Association of Nigeria has issued a warning regarding the Dangote...

OUR CHANNELS:

PDP Divided Over Possible Returns of Jonathan, Obi Ahead of 2027 Elections
BY Abiodun Saheed Omodara August 14, 2025 0

With about two years remaining until the 2027 presidential election, there are divisions among membe...


Trump Warns Russia of "Very Severe Consequences" Over Ukraine Conflict Ahead of Summit
BY Abiodun Saheed Omodara August 15, 2025 0

U.S. President Donald Trump has cautioned that Russia could face "very severe consequences" if Presi...


JAMB to Screen Over 500 Underage Candidates for Tertiary Admission
BY Abiodun Saheed Omodara August 15, 2025 0

The Joint Admissions and Matriculation Board (JAMB) has revealed plans to evaluate over 500 outstand...


NAPTIP Reports Alarming Rise in Human Trafficking Cases in Benue State
BY Abiodun Saheed Omodara August 15, 2025 0

Director-general (D-G), National Agency for the Prohibition of Trafficking in Persons (NAPTIP), Bint...


OOPL Demands N3.5 Billion Compensation from EFCC After Controversial Raid
BY Abiodun Saheed Omodara August 15, 2025 0

The management of the Olusegun Obasanjo Presidential Library (OOPL) has demanded N3.5 billion compen...


Despite $3.64 Billion in Loans, Nigeria's Healthcare Infrastructure Remains Lacking
BY Abiodun Saheed Omodara August 15, 2025 0

The World Bank has granted Nigeria a total of $3.53 billion (N5.4 trillion at the official exchange...


Charges Against Comfort Emmanson Dropped, KWAM 1's Ban Shortened
BY Abiodun Saheed Omodara August 15, 2025 0

The Federal Government has dropped its criminal charges against Ms. Comfort Emmanson, the passenger...


Iran Reaffirms Support for Hezbollah Amid Disarmament Efforts in Lebanon
BY Abiodun Saheed Omodara August 15, 2025 0

Iran's top security official promised in Lebanon on Wednesday that his nation would maintain its sup...


FG Names Fuji Star KWAM 1 as Ambassador for Aviation Safety
BY Abiodun Saheed Omodara August 15, 2025 0

The Federal Government has revealed its intention to appoint Fuji musician Wasiu Ayinde Marshal, com...


Nigeria's First Rubella Measles Vaccine Set to Launch Amidst Health Concerns
BY Abiodun Saheed Omodara August 13, 2025 0

The United Nations Children's Education Fund, known as UNICEF, has reported that Rubella Measles is...


More Articles

Load more...

Menu