Lagos - The Chartered Institute of Bankers of Nigeria (CIBN) on Tuesday
released a new code of conduct to guide banking operations in the country.
The President of the institute, Dr Segun Aina, announced the release of
the code at a news conference in Lagos.
The new code was entitled "Professional Code of Ethics and
Aina said the objective of the code was to instil discipline in
the banking profession.
"It has become imperative to combine key factors of three former codes
of conduct to produce a single and virile comprehensive code.
“The provisions in the code governs the behaviours of both individual
and corporate bodies in the banking industry.
"It applies to all strata and cadres of employee in the industry,
including executive directors, mangers, officers and supervisors, whether
full-time or part-time.
"It enunciates the guidelines on the handling
of reported cases, petitions and complaints
"The code shall be read and implemented in tandem with subsisting
statues,'' Aina stated.
The First Vice-President of the institute, Debola
Osibogun, said the code guaranteed that those who had ulterior motives
had no hiding place
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