CIBN, Ecobank to collaborate on Financial Inclusion


The Chartered Institute of Bankers of Nigeria and EcoBank Nigeria are driving financial inclusion in the country



THE Chartered Institute of Bankers of Nigeria, CIBN, and Ecobank Nigeria will collaborate to drive financial inclusion and capacity building in the country. Uche Olowu, president, CIBN, said the institute will also collaborate with the bank to promote ethics and professionalism in the sector.

During CIBN stakeholders’ engagement with Ecobank management, Olowu said the bank’s activities aligns with the institutes’ new leadership strategic areas, which include skills and competency, ethics and professionalism, research and advocacy. “We facilitate registration and enrolment of members of staff for professional banking examinations and other certification programmes.

We enable the registration of senior executives of the banks on the Chartered Banker MBA Programme, and there are many things we can do together to move the banking industry forward,” he said.

Olowu commended Ecobank’s strategies to attract the unbanked and under-banked in Nigeria through its various digital offering such as Rapid Transfer, Ecobank QR payment option, the EcobankPay, and the Xpress Account amongst others. He maintained that apart from the stress-free transaction processes enjoyed with these digital products, they are fast boosting business and economic activities across the markets.

According to him, Ecobank’s recent activities across various markets clusters are a major boost to the Central Bank of Nigeria’s, CBN, financial inclusion policy.

In his remark, Patrick Akinwuntan, managing director, Ecobank Nigeria, said the bank will continue to leverage its digital banking in a sustainable manner to bring banking services to every household in Nigeria. He emphasized that the bank is at the forefront of providing mobile payment solutions in the country.

Akinwuntan, who took the council members through the various Ecobank digital payment solutions and collections, disclosed that the bank has concluded plans to inaugurate 50 EcobankPay zones across Nigeria within the next six months to boost transactions in the various market clusters.

He commended CIBN’s strides in instituting ethics and professionalism in the banking sector, and its effect on the financial industry. He assured of the bank’s continuous support for the Institute and the growth of banking in Nigeria and Africa.

– Mar. 15, 2019 @ 16:55 GMT |

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