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CIBN, Bank CEOs Meet IGP To Bolster Security Of Financial System
The Chartered Institute of Bankers of Nigeria (CIBN), in collaboration with the Body of Banks’ Chief Executive Officers, has met with the Inspector-General of Police, Kayode Egbetokun, in Lagos to reinforce the security of Nigeria’s financial system.
According to a statement by the Force Public Relations Officer, Benjamin Hundeyin, the meeting highlighted a shared commitment between the Nigeria Police Force and the banking sector to safeguard financial institutions as a pillar of national stability and economic growth.
In his remarks, the Inspector-General stressed the strong connection between financial security and national security, noting that resilient banking operations are essential for sustaining investor confidence and protecting Nigeria’s global credibility.
He observed that threats confronting the financial sector have evolved beyond conventional risks such as armed robbery to more sophisticated challenges, including cyber-enabled fraud, identity theft, insider collusion and illicit financial flows.
To address these emerging risks, Egbetokun said the Nigeria Police Force is intensifying its intelligence-led strategy to protect financial infrastructure. He referenced recent operations in which security agencies dismantled violent crime networks, disrupted kidnapping syndicates and recovered illegal arms, thereby strengthening the environment for business continuity.
The IGP also disclosed that he recently held strategic meetings with the Director-General of the Securities and Exchange Commission (SEC) and the leadership of the Nigerian Exchange Group (NGX) to enhance market integrity and investor protection.
In line with the Nigeria Police Act, 2020, he said the Force is expanding the recruitment, training and deployment of Supernumerary Police Officers, commonly known as Spy Police, to meet the specialised security needs of banks and other critical financial institutions.
Egbetokun reaffirmed the Police Force’s commitment to sustained collaboration with the banking industry, describing the sector as a strategic partner in preserving the stability and integrity of Nigeria’s financial architecture.
