CIBN investiture to examine bank recapitalisation, industrial growth

The Chartered Institute of Bankers of Nigeria will focus on how banks can deploy fresh capital raised through  recapitalisation exercise to support Nigeria’s industrial transformation at its 2026 Fellowship Investiture in Lagos on 31 October.

The keynote address, titled ‘Bank Recapitalisation: Leveraging New Bank Capital for Nigeria’s Industrial Transformation’, will be delivered by the Chief Executive Officer of the Nigerian Economic Summit Group, Dr Tayo Aduloju.

The discussion comes as the banking industry adjusts to the Central Bank of Nigeria’s recapitalisation requirements, which have raised minimum capital thresholds for banks and placed renewed attention on their capacity to finance businesses, infrastructure and productive sectors of the economy.

The institute is expected to bring together banking executives, policymakers, government officials, investors and academics to examine the role of stronger bank capital in expanding access to finance and supporting economic growth.

The CIBN said the investiture would also recognise individuals who have contributed to the development of banking and the wider economy.

Among those to receive honorary fellowship awards are the Deputy Chief of Staff to the Lagos State Governor, Mr Sam Egube; the Managing Director and Chief Executive Officer of the Nigeria Deposit Insurance Corporation, Mr Thompson Sunday; the Governor of the Bank of Sierra Leone, Dr Ibrahim Stevens; and the Managing Director and Chief Executive Officer of Quest Merchant Bank, Mr Afolabi Olorode.

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Others include the Chairman of Dangote Cement Plc and former Group Chairman of Ecobank Transnational Incorporated, Mr Emmanuel Ikazoboh; the Vice Chairman of Famfa Oil Limited, Chief Folorunsho Alakija; the Secretary to the Ogun State Government, Mr Tokunbo Talabi; and the Managing Director and Chief Executive of the Federal Airports Authority of Nigeria, Mrs Olubunmi Kuku.

According to the institute, 755 people will be recognised at the ceremony. Eighteen will receive honorary fellowship awards, 460 Associates will become elected Fellows, while 277 senior management staff of banks and members of the academic community will be conferred with honorary senior membership.

In a statement, the Team Lead of Corporate Communication and Brand Management at CIBN, Mr Taofik Sanni, said the awards recognise the recipients’ meritorious service, commitment to ethics and professionalism, and contributions to banking and the economy in Nigeria and internationally.

The Governor of Lagos State, Mr Babajide Sanwo-Olu, and the Minister of State for Budget and Economic Planning, Hon. Doris Uzoka-Anite, will attend as special guests of honour.

The Chief Executive Officer of Crosse Pointe Capital & Advisory Ltd and Wakilin Sokoto, Mallam Bello Maccido, will chair the hybrid event.