By Peter Egwuatu
The new governing Council of the Bank Directors Association of Nigeria (BDAN) has approved a framework for partnership with CBN and other regulators in driving reforms in the Nigerian banking industry. This initiative by BDAN is aimed at strengthening oversight and supervisory functions of Directors in the Banks.

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The new partnership framework approved after a recent meeting of the Council in Lagos is part of a strategic thrust to reposition BDAN for greater effectiveness and relevance as a key advisory body to decision_makers in the Nigerian Banking industry.

Besides collaborating with CBN and other regulators in the area of reforms, the Council also plans to encourage cooperation between Banks without loss of competitive advantage, promote continuous education for Bank Directors, create opportunities for networking amongst Directors and institute a framework for bridging the information gap between Bank Management and Non_Executive Directors.

The new governing council comprising of permanent members representing Central Bank of Nigerian (CBN), Nigeria Deposit Insurance Corporation (NDIC), and Financial Institution Training Centre (FITC), is chaired by the BDAN President, Chief Ferdinand Alabraba who is also the Chairman of UBA Plc.

Other council members include: Engr. Ashim Oyekan-Vice President, Mr. Yemi Idowu-  Secretary, Mr. M. G. Tarfa- Treasurer, Mrs. Foluke K. Abdulrazaq- Financial Secretary, Mr. Ikechi Kalu- Publicity Secretary, Mr. Vincent Okwechime- Member, Mr. Sam Cookey Jr- Member, Dr. S. F. Kuku- Member, Dr. Lucy S. Newman- Member, FITC, Mr. O. M. Sulaimon-  Member, NDIC, Mr. Chimkalezi- Member, CBN