CIBN, ICPC Collaborate to Train Govt. Parastatals Staff on Money Laundry

CIBN, ICPC Collaborate to Train Govt. Parastatals Staff on Money Laundry

The Chartered Institute of Bankers of Nigeria has canvassed for a special training programme on money laundry and other allied matters for all the staff in the Government Parastatals.

Dr. Bayo Olugbemi, FCIB, President/Chairman of Council of the Institute made the call when he was received in audience by the Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Professor Bolaji Owasanoye, SAN

The CIBN President explained that the banking industry would continue to partner with the ICPC towards achieving its goals and objectives.

Dr. Olugbemi also besought the support of ICPC for the proposed amendment of the CIBN Act of 2007, to enhance the power of the disciplinary tribunal to discipline erring bankers, among others

Dr Olugbemi also explained the CIBN’s readiness to collaborate with the ICPC in organizing a special training programme on Banking and Allied Matters for the government parastatal both states and Federal levels.

According to him, CIBN would leverage on its over 57 years experience of running a similar Programme in the Country.

The CIBN further applauded the Commission on its effort in combating corruption through assets recovery, establishment of Anti-Corruption Transparency Units (ACTUs) in Ministries, Departments and Agencies (MDAs) and the publishing of three volumes of the ICPC Law Reports

While welcoming the Team, the Chairman assured the CIBN of the Commission’s readiness to collaborate with the institute, adding that ICPC would be delighted to have some of its staff, especially investigators benefit from trainings programmes organized by CIBN on Banking and Finance.

Speaking further, he reiterated the need for the Institute to collaborate with ICPC on money laundry programmes such as to trains the staff of the Commission all over the country on financial investigation and banking related matters; incorporated training on understanding illicit Financial Flows (IFFs) and money laundering for the National Judicial Institute (NJI) and on Fraud tackling and cyber fraud.

He gave his assurance to support the proposed amendment of the CIBN Act of 2007 at the National Assembly and its activities, programmes and events.

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CIBN, ICPC Collaborate to Train Govt. Parastatals Staff on Money Laundry