Business
CIBN Pledges Support for ACAMB’s Strategic Vision
CIBN pledges full support for ACAMB, backing new leadership and collaborative initiatives to enhance Nigeria’s banking sector standards
The Chartered Institute of Bankers of Nigeria (CIBN) has pledged its full support to the Association of Corporate and Marketing Professionals in Banks (ACAMB) following a high-level strategic meeting between the leadership of both bodies.
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The meeting, held at the CIBN Building in Lagos, formally introduced the newly inaugurated ACAMB Executive Committee to the CIBN leadership and marked the start of a renewed collaborative alliance.
Jide Sipe, leading a delegation of the ACAMB EXCO and Board of Trustees, described the visit as a crucial first step in his tenure to advance the vision of the association.
“When we assumed office, one of the first things we agreed on was the need to visit key stakeholders. Before reaching out more broadly, it was important to begin with our primary constituency and core stakeholders. We want them to understand the direction we are taking and support our work so that ACAMB can achieve greater success than in the past,” Sipe stated.
He introduced the newly constituted ACAMB EXCO, including 2nd Vice President Morolake Phillip-Ladipo, General Secretary Olugbenga Owootomo, Assistant General Secretary Ademola Adeshola, Publicity Secretary Abiodun Coker, and Executive Secretary Fadekemi Ajakaiye.
Responding, Professor Pius Deji Olanrewaju commended the forward-thinking vision of ACAMB, noting that the association’s focus on reputational management, sustainable corporate practices, and governance reforms would strengthen Nigeria’s banking sector.
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Olanrewaju also praised ACAMB’s collaboration with CIBN in information management, observing that their joint efforts had raised standards across the country’s banking industry.
President Bola Tinubu has reaffirmed the Federal Government’s commitment to rehabilitating and repositioning Nigeria’s dormant national refineries, declaring that the facilities will not be allowed to become stranded assets.
Tinubu was represented by the Permanent Secretary of the Ministry of Petroleum Resources, Mrs Patience Oyekunle, at the 20th OTL Africa Downstream Energy Week in Lagos on Monday.
The President said the government is adopting a more rigorous and commercially sustainable approach to the rehabilitation of the Port Harcourt, Warri and Kaduna refineries.
“At the same time, the government remains committed to ensuring that existing national refining assets are not allowed to become stranded investments,” the statement said.
“We are pursuing a more rigorous, commercially sustainable approach to the rehabilitation and repositioning of our refineries, supported by technical assessment, stronger partnerships, and improved operational discipline.”
The objective, according to the administration, is for Nigeria to refine more of its crude oil, create greater domestic value and become a reliable supplier of energy to Africa.
The national refineries, managed by the Nigerian National Petroleum Company Limited (NNPC), have remained largely inactive for years despite significant spending on turnaround maintenance. The NNPC has signed a memorandum of understanding with Chinese firms as part of ongoing efforts to revive the facilities.
Tinubu also noted the contribution of private refining capacity, particularly the Dangote Refinery, which has reached its 650,000 barrels-per-day nameplate capacity, in strengthening Nigeria’s prospects of becoming a net exporter of refined petroleum products.
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