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ACCOBIN partners NSE in deepening Nigerian financial market.

Proshare

Friday, September 23, 2017 7.00pm/Proshare WebTV

The Association of Chief Compliance Officers of Banks in Nigeria (ACCOBIN) have committed to partnering with the Nigeria stock exchange, in deepening the financial market in the country.

This was the remarks of the Chairman, Mr Opeyemi Adojutelegan  at the floor of the exchange, as part of the courtesy visit of the body to the exchange.


Mr Adojutelegan thanked the management of NSE for receiving the leadership of ACCOBIN, and believed there were great opportunities for strengthening the synergy to ensure stability in the financial market.


The ACCOBIN Chairman asserted that corporate governance is the bedrock of any institution, which underscored the need for support from regulatory bodies.


Speaking further he said the body maintained a level playing field in corporate governance code for the financial market, setting standards for banks.


Doyen of the dealing members of the exchange, Mr Samuel Ndanta in his remarks commended the association for its efforts in the financial market, and advised the leadership to be more visible in its engagement with stakeholders.


In an interview with Proshare WebTV, Mr Adojutelegan reviewing the 10 year anniversary of the global banking crisis, was of the view that financial institutions had learnt their lessons.


According to him "The Banks across the globe are placing more emphasis on corporate governance, risk management, ensuring compliance & legal risk and defining risk appetite".


He also noted that the Central Bank of Nigeria has remained proactive in its regulation of the banks, giving zero tolerance for criminality and illegality.


The Chairman of ACCOBIN accompanied by his council members, also performed the closing gong ceremony for the day in the presence of the Executive Director, Market Operations and Technology, NSE Mr Ade Bajomo.




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