Bayo Olugbemi Resumes as 21st CIBN President

bayo olugbemi

By Adedapo Adesanya

Mr Bayo Olugbemi has assumed office as the 21st president and chairman of council of the Chartered Institute of Bankers of Nigeria (CIBN).

The new president was sworn in by Mr Adesuyi Olateru-Olagbegi, a retired justice, at the Bankers House, Victoria Island, on Saturday May 16 in Lagos.

The new CIBN leader will oversee affairs of the institute for the next two years after taking over from Mr Uche Olowu, his predecessor.

He has also crafted the strategic focus of his administration in the next two years into the acronym “A-TEAM”.

Mr Olugbemi is expected to bring his knowledge of over 38 years as an investment banker to bear on the institute.

Mr Olugbemi, who is also the managing director/CEO, First Registrars & Investor Services Limited, had served as the first vice president and chairman, board of fellows and practice licenses at CIBN as well as the president/chairman of council, Institute of Capital Market Registrars and treasurer, Lagos Chamber of Commerce and Industry (LCCI).

He has also served and is still on several committee of Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), Nigerian Stock Exchange; Central Securities Clearing System (CSCS); Institute of Directors; Institute of Chartered Secretaries & Administrators of Nigeria (ICSAN) and Institute of Capital Market Registrars (ICMR), among others.

During his acceptance speech, Mr Olugbemi identified the huge tasks ahead of him and pledged to transform and propel the institute into global limelight through his administration’s strategic focus.

“Our strategic focus is crafted into an acronym A-TEAM in line with the 2020-2024 strategic plan of the institute, which is encapsulated in the acronym A-TEAM – accelerated development, technology and digital enhancement, engagement for growth, accountability and transparent leadership and membership drive for value.

“Our desire is to be a global reference point, an Institute that everyone is proud to associate with, one that sets the agenda for the banking industry, for businesses and the economy as a whole,” he said.

The new CIBN president promised to explore the possibilities of developing physical structures for the various branches of the institute where they have landed properties and to pursue acquisition of lands for the various branches where they have prospects.

He also pledged to embark on immediate evaluation and impact assessment of the linkage programme with tertiary institutions for greater value and employability of banking and finance and social science graduates and to institutionalize a banking-related legacy learning project in a university and polytechnic in each of the six geopolitical zones in Nigeria.

He said he will commence banking museum project which the governing council of the institute had approved for preserving the rich educational history and historical heritage of the evolution and growth of banking and finance in Nigeria.

Mr Olugbemi said that the institute, which had recorded many successes in time past, would move forward into new uncharted and exciting territories and claim ownership of it before anyone else.

He then called on all stakeholders to support him stressing that creative and innovative ideas by all would be welcomed.

In his speech, the outgoing president, Mr Uche Olowu, thanked Mr Godwin Emefiele, the CBN Governor; Umaru Ibrahim, NDIC CEO; Body of Banks CEO’s led by Mr Herbert Wigwe and other stakeholders for the support given him during his tenure.

“As I handover the mantle of leadership of the Institute today to my successor, I enjoin all stakeholders of our Institute to accord him all necessary support he needs to take the Institute to greater heights.

“As he takes over the mantle of leadership today, I’m most convinced that the institute is in safe hands given his wealth of knowledge and experience as evidenced in his numerous career accomplishments,” he said.

Alongside Mr Olugbemi, three more office holders alongside six elected governing council members also took oaths of office.

The elected office holders of CIBN are Mr Ken Opara as 1st I vice-president); Mr Pius Olanrewaju, a professor, as 2nd vice president); and Mr Oladele Alabi, as national treasurer.

The council members include: Mrs Rafiat Oluwatosin Onitiri; Mrs Olayinka Alade Odutola; MrRahman Olabode Ajayi; Mr Godwin Ununotoyo Adolor; Mr Adeniyi Adewunmi Olusola; and Mr Ojo Oluwatoyin, all being fellows of the institute.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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