21st President Of CIBN, Bayo Olugbemi, Commits To Driving 2020-2024 Strategy

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Sunday, May 17, 2020 / 10:20 AM / Nifemi Taiyese for WebTV / Header Image Credit: WebTV


The Chartered Institute of Bankers of Nigeria (CIBN) recently ushered in its 21st President, Mr. Bayo Williams Olugbemi, FCIB, by way of a virtual (online) investiture ceremony.

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The investiture was held online with over 600 attendees, which brought together the Deputy Governor, Financial Systems Stability Directorate, CBN, Chairmen and Chief Executive Officers of Banks, Professional Bodies and Past Presidents, management and staff of the Institute, and the media.

Giving the opening address the Outgoing President, Dr. Uche Olowu, FCIB, thanked stakeholders for their support during his tenure.

Dr. Olowu said the innovative approach to hosting the Investiture programme online was CIBNs response to the business disruption orchestrated by the COVID-19 pandemic.

Highlights of the event was the formal swearing in of the 21st President supported by his wife which involved the ceremonial transfer of the Presidential necklace.

The new President, Bayo Olugbemi, FCIB, performed the official swearing in of the newly elected officials and governing council members of the Institute.

In giving his remarks at the ceremony, Olugbemi, paid tribute to all past leaders who contributed immensely to the growth and development of the Institute and committed himself to building upon the solid structure which they had constructed over the years.

In his acceptance speech, "Bracing for the Next Normal" the new Institute President said "we must move forward quickly into new uncharted and exciting territories and claim ownership of it before anyone else. We must step into the next normal and position ourselves ahead of the curve".

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He assured members and stakeholders that as the landscape of services and value proposition continues to change, the Institute would continue to digitally transform by intensifying efforts to use best-in-class digital platforms to optimum efficiency.

"We live in a world where digital communication is owned and can be seen by everyone, and the benefits of membership are no longer just in the hands of associations in a digitally networked society".

He outlined the creative and innovative A-TEAM acronym initiative which is the strategic focus of the administration and to be executed in conformity with CIBNs Corporate Strategic Plan (2020-2024);

  • A- Accelerated Development
  • T- Technology and Digital Enhancement
  • E- Engagement for Growth
  • A- Accountability and Transparent Leadership
  • M- Membership Drive for Value

He emphasized the desire of CIBN to be a global reference point, an Institute that everyone would be proud to associate with by setting the agenda for the banking industry, business and the economy. 

Olugbemi noted that the Institute would continue to stand as a vanguard for the promotion of banking education and professionalism in Nigeria through scaling e-learning platforms in terms of content and capacity to be able to serve student members preparing for the banking professional exams as well as other professional needs.

The Institute's new President stated that the season presented an auspicious moment for the institute to take on bold, audacious, daring projects that would transform and propel the body into global limelight, if daring giant steps are taken.

Olugbemi called on all members from every part of the globe to join forces with the institute in its pursuit of a large and connected pool of goodwill ambassadors that would move the institute to its desired destination.

The newly elected office holders of the CIBN are Dr. Kenneth Opara PhD, FCIB (1st Vice President), Prof. Pius Deji Olanrewaju PhD, FCIB (2nd Vice President) and Mr. Oladele Alabi FCIB (National Treasurer).

Kindly Download the Full Acceptance Speech Here

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