CIBN Urges Senate On Quick Passage of FSS 2020 Bills


The Chartered Institute of Bankers of Nigeria President/Chairman of Council, Prof. Segun Ajibola, has called on the Senate to urgently pass the Financial System Strategy Bills into law.

He sais this is in order to promote financial inclusion and strengthen electronic payment system in the country.

The CIBN boss explained that the quick passage of Nigeria International Financial Centre Bill, Financial Consumer Protection Bill, and the Electronic Transactions Bill are critical to the implementation of FSS 2020.

Ajibola praised the legislation establishing the Collateral Registry Bill that has provided an enhanced environment for Micro Small and Medium Enterprises  to access credit.

He also said that the CIBN will be approaching the NASS to amend its extant law, The Chartered Institute of Bankers of Nigeria Act No. 5 of 2007 in order to further strengthen its capacity to deliver on its statutory mandate.

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