Business
CIBN to Induct new chartered Bankers and Examine new realities Of Work in the profesional Space
As part of efforts toward ensuring enhanced career development in a fast paced, ever-changing world in the financial space, bankers and other financial experts across the globe will gather to device the rapid dynamism of work and the cutting edge strategies that will help financial service professionals to reposition themselves for global relevance.
This critical conversation is coming on the platform of the 2023 Graduates’ Induction and Prize Awards Ceremony of The Chartered Institute of Bankers of Nigeria. The Institute will be awarding Certificates to students who have successfully completed the Banking Professional Examinations of the Institute in the year 2022. The Induction Ceremony is scheduled to hold on Saturday, August 25, 2023, at 11.00 a.m. During the programme, 407 newly qualified Associates (Chartered Bankers), and 895 Microfinance Certified Bankers would be formally admitted into the Associateship (ACIB) and Microfinance Certified Bankers (MCIB) categories of the Institute. The high point of the event will be the presentation of Prize Awards to candidates who have distinguished themselves in the various categories of the Institute’s Examinations
The theme of the programme is “The Dynamics of Work and Current Realities: The way Forward for Financial Service Professionals.” This is expected to provide insights for Professionals in the Financial Services industry on the dynamics of work in the new reality.
The Special Guests of Honour at the event will be Mr. Lamido Yugudab,FCIB, Director General The Securities and Exchange Commission, Nigeria as well as Mr. Mustafa Chike-Obi, FCIB, Chairman, Bank Directors Association of Nigeria, Chairman, Fidelity Bank Plc; Former MD/CEO AMCON. Ken Opara, Ph.D, FCIB, President/Chairman of Council of CIBN will be the Chairman of the Occasion while Akin Morakinyo, HCIB, Registrar/CEO, CIBN is the host.
The ceremony will attract eminent members of the banking community, captains of industries, corporate organizations, the academia, Fellows, Honorary Senior Members, Associates as well as guests and friends of the Inductees.
The Presidency says the bodies allegedly used by Adeyemi—including the so-called Presidential Economic Advisory Council, Presidential Foreign Investment Promotion Council, and Presidential Foreign Intervention Promotion Council—do not exist as government agencies.
The Presidency says a man identified as Prince Adeniyi Adeyemi Matthew allegedly created and operated fake government agencies, forged appointment letters, and falsely claimed to have been appointed by Femi Gbajabiamila.
According to the statement:
The Office of the Chief of Staff discovered the alleged scheme after complaints from the Nigerian Investment Promotion Commission (NIPC) that an unauthorized body was operating in a way that conflicted with its functions.
The Chief of Staff petitioned the Department of State Services and the Nigeria Police Force in October 2025 to investigate alleged forged appointment letters.
The Presidency says the bodies allegedly used by Adeyemi—including the so-called Presidential Economic Advisory Council, Presidential Foreign Investment Promotion Council, and Presidential Foreign Intervention Promotion Council—do not exist as government agencies.
Investigators allege Adeyemi operated from an office in the Federal Secretariat Complex, held meetings with diplomats, and sought diplomatic support to obtain U.S. visas for members of the alleged organization.
Police reportedly recovered forged documents and other exhibits during searches of his office and residence.
The investigation allegedly found that Adeyemi operated 34 bank accounts, including several in the names of fictitious organizations, and used forged documents to open a Central Bank of Nigeria account.
The Presidency says no government funds were paid into that account.
Police charged Adeyemi and two others before the Federal High Court on multiple counts, including forgery, impersonation, and obtaining by false pretence. The case is scheduled for hearing on July 27.
The Presidency also denied claims that Gbajabiamila appointed Adeyemi, stating that appointments to federal offices are issued through the Office of the Secretary to the Government of the Federation, not the Office of the Chief of Staff.
Current status
The Presidency maintains that:
the agencies in question are fictitious,
the appointment letter was forged,
Adeyemi is an impostor,
and the allegations against him should be resolved by the court.
As the case is pending before the court, the allegations remain subject to judicial determination.
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Business
CBN revokes 46 MFBs’ licences
According to the revocation order, the action became necessary because of one or more of: insufficient assets to meet liabilities; closure of operations without the CBN approval; and inactivity and cessation of financial intermediation.
The Central Bank of Nigeria (CBN) has revoked the operating licences of 46 Microfinance Banks (MFBs).
CBN’s Ag. Director of Communications, Mrs. Hakama Sidi-Ali disclosed that the revocation becomes effective today.
She emphasised that the revocation was in accordance with its powers under Sections 12 and 13 of the Banks and Other Financial Institutions Act (BOFIA), 2020.
“The revocation was approved by the Governor of the Central Bank of Nigeria, Mr. OlayemiCardoso, following the banks’ failure to meet the regulatory requirements for continued operation as licensed financial institutions,” she said.
According to the revocation order, the action became necessary because of one or more of: insufficient assets to meet liabilities; closure of operations without the CBN approval; and inactivity and cessation of financial intermediation.
Others were: failure to commence operations within 12 months of licence approval, and failure to maintain minimum capital funds unimpaired by losses.
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