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CIBN, financial institutions to brainstorm on corporate governance, SMEs financing

By Peter Egwuatu

Following the slow pace of tackling financial crisis in Nigeria, and Africa in general,the C hartered Institute of Bankers of Nigeria (CIBN) and financial institutions across the country have concluded arrangement to deliberate on issues that affect corporate governance, financing of the real sector, foreign investments inflow, amongst others.

The Managing Director/Chief Executive, First Pension Custodian Limited, and Chairman, Consultative Committee on 6TH Annual Banking and Finance Conference, Mr. Akin Fanimokun, who disclosed this, weekend in Lagos, said, “ The aftermath of the financial crisis which swept across the globe led to all time fall in standard of living, trading activities , export earnings , banks credit commercial activities, among others.

“As the developed economies made bold steps towards recovery and reconstruction African countries were still battling with so many socio-economic challenges”.

To this effect, he declared that the forth coming Banking and Finance conference scheduled to hold in Abuja from September 11, 2012, in collaboration with the Alliance of African Institutes of Bankers (AAIOB) will deliberate on issues that affect Africa continent and come up with measures towards repositioning and transforming their economies for sustainable growth.

Fanimokun, stressed the need for African leaders to focus more on creating friendly environments that will encourage and promote healthier and resilience financial system as a core catalyst for sustainable economic growth, development and transformation in the continent with positive global impact.

According to him, “The choice of the theme: Transformation of the African economy: Financial services industry as catalyst” is apt as discussion at the conference will include: e –banking habits- prospect and challenges; Financing the real sector- Issues and Resolutions; Corporate Governance, Ethics and Professionalism; Fostering an effective inter –African Trade- the way forward.”


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