CIBN president charges risk managers on integrity

By Sunday Aikulola   |   24 May 2017   |   2:00 am  

President, ‎Risk Managers Association of Nigeria (RIMAN)/ Chief Risk Officer, Heritage Bank Limited, Jude Monye; President, Chartered Institute of Bankers of Nigeria (CIBN), Prof.joseph Olusegun Ajibola and Chairman, RIMAN/Director, Risk Management, CBN, Folakemi Fatogbe, at the Chief Risk Officers , at a Dinner, organised by RIMAN in Lagos.

The President Chattered Institute of Bankers of Nigeria (CIBN), Prof Segun Ajibola has stressed the need for risk managers to always uphold the profession’s ethical values at all times.

Speaking at a dinner organized by Risk Managers Association of Nigeria (RIMAN) in Lagos recently, he stated that ‘the integrity of risk managers must never be compromised. Risk managers should make themselves reference point when it comes to character checking. They are the conscience of their establishments, their hands must be clean, and they must not be tempted. Failure of risk management creates gaps or can cause calamities.’

Speaking further, he said that risk management affects every facet of our lives from political leadership to civil service, family and corporate life. According to him, every staff in an organization is a risk management ambassador. Risk must also be managed.

‘For instance, lack of risk management caused immigration problems that led to stampede some years ago. It is also failure of risk management that causes problems in the aviation industry.

Similarly, RIMAN President, Mr Jude Monye noted that the mission of RIMAN is to facilitate the creation and sustenance of credible risk management practices; through proactive advocacy, capacity building, knowledge sharing, promotion of high professional standards and corporate governance

He added that ‘RIMAN has commenced professional certification
in risk management called Certified Risk Managers (CRM) exams. it is the first in Nigeria and the second in Sub-Saharan Africa.

‘RIMAN also collaborates with regulatory authorities in policy advancement to ensure best practices in the financial and non-financial industries. Typical of such was the collaboration with Central Bank of Nigeria (CBN) in the establishment of Credit Bureau Services in Nigeria and continuous provision of capacity building platforms for organizations.’

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CIBNSegun Ajibola


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