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Outgoing banks’ CEOs tasked on growth in banking sector

By Michael Eboh
Outgoing Chief  Executive Officers (CEOs) of banks in Nigeria has been called upon to bring their wealth of experience to bear in the country’s quest towards achieving a virile and resilience banking finance industry.

This call was made by speakers at the send forth ceremony for the Managing Directors /Chief Executive Officers of Zenith Bank Plc, United Bank for Africa Plc and Skye Bank Plc, Mr. Jim Ovia, Mr. Tony Elumelu and Mr. Akinsola Akinfemiwa respectively, organised by Financial Standard Newspaper.

Chief Ernest Shonekan, Former Head of Interim Government of the country, noted that with the exit of the chief executives from the banking system, they would be able to see properly the ills, problems and challenges confronting the sector and would be in a better position to proffer solutions that would help grow the sector.

He commended the chief executives for their unblemished banking record and for their contribution in the growth and development of the banking sector over the years, especially in ensuring the entrenchment of modern banking practices.

He charged the outgoing chief executives to ensure that their successors are imbued with the necessary attitude and charisma to pilot the affairs of their respective banks in the coming years.

He explained that banks strive on public trust and confidence, adding that mistakes by any bank official would lead to the erosion of public trust and confidence and might lead to a run on the bank.

Also speaking, Mr. Femi Ekundayo, Past President, Chartered Institute of Bankers of Nigeria (CIBN), called on the Chief executives to inform their successors of their mistakes so that amends can be made by their successors where necessary.

He said, “Outgoing CEOs should disclose their mistakes, if any: for posterity and for a better future for their respective organisations and society, at large. They should know that they will be remembered for their deeds; whether good or bad.

“They should be, therefore, make amends where possible. This will help to prove innocent mistakes as different from deliberate mistakes.”


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