The Chartered Risk Management Institute of Nigeria has conferred its fellowship on the Group Managing Director and Chief Executive Officer of Zenith Bank Plc, Ebenezer Onyeagwu.
The certification was presented to Onyeagwu during a courtesy visit by executives of CRMI, led by the President and Chairman of Council, Dr Ezekiel Oseni, to Zenith Bank’s head office in Lagos recently.
During the visit, Oseni commended Zenith Bank for its outstanding risk management practices and contributions to the broader financial community.
“Looking at how far you have come, aside from the leadership over the years, we observed that your risk management function has been fantastic. Your risk management function is well established, and we see the quality of staff you have there. This is a testament to other banks and organisations that risk management is not a deal stopper, but a business enabler,” he enthused.
In his response, Onyeagwu emphasised the critical importance of risk management across various sectors, advocating for mandatory CRMI membership for fintech companies, listed firms, the Ministry of Communications and Digital Economy, and its related enterprises.
He said, “Risk management needs to be entrenched in every facet of organisational life. Every financial institution, technology organisation, and listed company should be institutional members of CRMI because risk management is not just for financial institutions.”
He also stressed the need for enhanced risk management training, particularly in light of the increasing prevalence of digital fraud.
Onyeagwu further proposed that the National Universities Commission introduce risk management as a course in higher institutions to build capacity in the niche profession.
During the presentation of the fellowship certificate, Oseni noted, “This is not an honorary certificate; it is one that you have earned. We are proud to formally present it to you.”
The Nigeria Inter-Bank Settlement System said that financial institutions lost about N17.67bn to financial fraud in 2023.
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