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SEC Urges Senior Bankers to Mentor Younger Ones

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SEC Urges Senior Bankers to Mentor Younger Ones

Senior bankers in the nation’s banking sector have been urged to mentor the younger generation so as to ensure sustainability, safety and soundness of the banking and finance industry.

The Director-General of the Securities and Exchange Commission, Mr Lamido Yuguda, gave the advice at the relaunch of the CIBN Mentoring Scheme, with the theme, ‘Mentoring: Unlocking Career Potentials and Possibilities’, in Lagos, weekend.

He said that their commitment to mentoring the younger generation would go a long way in actualising the objectives of the institute’s mentoring scheme, according to a statement issued by SEC on Sunday.

Yuguda said, “Let me use this opportunity to encourage senior bankers to collaborate with CIBN in actualising the objectives of the mentoring scheme. Your commitment to mentoring the younger generation will go a long way in ensuring the sustainability safety and soundness of the banking industry.

“To the young bankers, I enjoin you to make the best use of this rare opportunity. I am confident that with the cooperation of all stakeholders, the CIBN mentoring scheme will be a point of reference for others.”

He stated that to be a successful professional, one must be ambitious, willing to go the extra mile, try to be a value enhancer and must be outstanding.

He said that such a person must be teachable and willing to learn from other persons who were deemed successful in the same career path.

According to him, it is critical for young bankers to be mentored by seasoned senior colleagues as they progress in their careers because the banking profession is predicated on trust and professionalism.

Yuguda said these values could be taught but were actually reinforced when demonstrated by senior bankers and emulated by their younger colleagues.

He said, “Due to the peculiarities of the banking industry, it is easy for young bankers to get distracted with the prestige and sometimes material benefits that come with the profession.

“However, mentorship relationships help to keep such young professionals grounded and focused on building character, advancing their knowledge, growing their professional network and cultivating the right values.”

He added that made success sustainable for a professional was a combination of skill, experience and the right values.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Banking Sector

CIBN, NIBSS Introduce e-Payment Certification Programmes

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NIBSS

CIBN, NIBSS Introduce e-Payment Certification Programmes

The Chartered Institute of Bankers of Nigeria (CIBN) in collaboration with Nigerian Interbank Settlement Systems Plc (NIBSS) have introduced professional certification programmes on electronic payments for financial service providers and institutions.

Both organisations disclosed that the programme was designed to enhance the electronic payment skills and knowledge of financial practitioners in order to equip them with efficient tools and information required to upscale innovation and services.

Speaking to journalists at a media briefing in Lagos, yesterday, the Chief Executive Officer, Chartered Institute of Bankers of Nigeria, Mr. Seye Awojobi, said the initiative is an international programme, well grounded in the local realities of the Nigerian e-payment industry and captures the current dynamics, as well as aspects of digital financial services practices.

“This programme would set the standards for e-payment expertise in Nigeria; foster a category of high performing professionals in the industry and build a resilient, safe and secured payment technology driven platform.

“The curriculum for the programme adequately covers recent methods required, which are in line with global practices.

“The introduction of the scheme cannot be more timely than now considering the COVID-19 pandemic, which created serious disruptions in our professional and personal lives,” he added.

On his part, Chief Executive Officer, Nigerian Inter-Bank Settlement Systems Plc, Premier Oiwoh explained that the introduction of the programme would determine the capacity and work experience criteria required to recognise beginners, intermediate and advanced.

“It would create a growth roadmap for fledging e-payment workers, including the unemployed who has the desire to make a career in the electronic sector.

“Also, it would enable us continue to tackle the issue of insecurity within the financial technology payment and banking space,” he added.

The institutions also noted that in order to maintain a certification credential, the practitioners must earn some recertification credits over a three year span and valid for three years after it has been issued.

The CIBN last week has reintroduced its mentoring scheme. The initiatives aims at up-scaling the leadership capacity and productivity of workers within the financial and banking sector.

Speaking during the virtual forum, Director General, Securities and Exchange Commission, Lamido Yuguda, had explained that mentoring schemes are essential for the sustenance and development of the sector as it is built upon values such as trust and professionalism.

“These values can be taught. But are reinforced when practiced by the senior co-workers and emulated by junior colleagues. Such initiatives enable workers to avoid being distracted by the material, prestigious and monetary incentives the space presents.

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Banking Sector

Mahe Mahmud Abubakar Retires as Deputy Managing Director Jaiz Bank

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Jaiz Bank

Mahe Mahmud Abubakar Retires as Deputy Managing Director Jaiz Bank

The Board of Directors of Jaiz Bank Plc on Tuesday announced the retirement of Mr. Mahe Mahmud Abubakar as the Deputy Managing Director of the Bank with effect from February 16, 2021.

The bank disclosed in the statement signed by Rukayat O. Dahiru, Company Secretary/Legal Adviser and released through the nation’s stock exchange.

According to the lender, Mr. Mahe has attained 60 years’ retirement age.

The Board, therefore, thank Mr. Mahe for his meritorious service to the Bank.

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Banking Sector

Zenith Bank Declares N2.70k Final Dividend for 2020

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Zenith Bank

Zenith Bank Declares N2.70k Final Dividend for 2020

Zenith Bank on Tuesday announced a final dividend of N2.70k per share of 50k for the financial year ended December 31, 2020.

The total dividend for the financial year now stood at N3.00k, Zenith Bank disclosed this in the statement released through the Nigerian Stock Exchange.

The amount is subject to appropriate withholding tax and approval. Payment will be made to shareholders whose names appear in the Register of Members as at the close of business on the 8th day of March, 2021.

Zenith announced Register of Shareholders will be closed on March 9, 2021.

The qualification date remains March 8, 2021.

On the payment date, the bank said payment will be made electronically on March 16, 2021 to shareholders whose names appear on the Register of Members as at March 8, 2021 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts. GDR holders will be paid subsequently.

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