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Pius Olanrewaju Sworn In As President of CIBN

Following the resignation of Dr. Ken Opara, Professor Pius Olanrewaju has been sworn in as the President of the Chartered Institute of Bankers of Nigeria, making him the 23rd president of the institute.

Prof. Olanrewaju was sworn in by Justice Owolabi Dabir this Friday at an event chaired by Chief Wole Olanipekun (SAN). After which, he was decorated with the insignia of office.

In a goodwill message, Tajudeen Abbas, the Speaker of the House of Representatives, represented by Nwachukwu Eze, Chairman of the House Committee on Banking, praised the previous CIBN president, Ken Opara, and charged the new leadership to embrace technology to foster financial inclusion.

He said, “Today, as you welcome the incoming President and new Chairman of the Council, we also reflect on the challenges and opportunities that lie ahead. The banking sector is constantly evolving, driven by technological advancements, regulatory changes, and shifts in customer behavior.

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“In the face of these types of changes, the CIBN must remain steadfast in its commitment to excellence and innovation. The incoming leadership must embrace new ideas and emerging technologies and foster collaboration within the industry to navigate these challenges and seize the opportunities that lie ahead.
“As we look to the future, we must not lose sight of the importance of financial inclusion and sustainable development. Despite progress made in expanding access to financial services, millions of Nigerians remain on the side or excluded from the formal banking sector. It is incumbent upon all stakeholders, including the CIBN, to redouble your efforts to promote financial literacy, expand access to finance, and foster inclusive growth, that leaves no one behind.”

Olanrewaju was elected on April 6, 2024.

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