The Chartered Institute of Bankers of Nigeria (CIBN), the premier professional body for banking and finance practitioners in the country, has elected Dr. Dele Alabi as its 24th president. The announcement was made on Saturday following the institute’s Annual General Meeting.
Dr. Alabi succeeds Prof. Pius Olanrewaju, whose term concluded after a period of significant institutional growth. In his inaugural statement, the new president pledged to lead with integrity, professionalism, and a focus on innovation. He emphasized that the CIBN must proactively shape the rapidly evolving financial landscape rather than merely adapt to it.
“My administration will prioritise inclusiveness and the broad interests of the banking profession,” Dr. Alabi stated, outlining a vision to enhance the institute’s local relevance while securing greater global recognition. He called for unity among Nigeria-based members and the diaspora to preserve and build upon the CIBN’s legacy.
He further announced that his formal investiture ceremony is scheduled for May 16, 2026, in Lagos, where a comprehensive strategic agenda will be unveiled.
Reflecting on his tenure, outgoing President Prof. Olanrewaju highlighted key achievements, including a substantial increase in internally generated revenue and membership growth of nearly 7,000 members. Notable infrastructure developments included the remodeling of the national headquarters and the deployment of digital systems that enabled approximately 20,000 members to participate virtually in institute activities. Significant reforms to the professional examination system were also implemented, featuring more frequent sittings and the introduction of a globally accessible proctored format.
The CIBN plays a critical role in setting standards, regulating examinations, and advancing the professionalism of Nigeria’s banking and financial services sector. Dr. Alabi’s election comes at a time when the industry faces technological disruption and heightened calls for ethical governance. His leadership is expected to steer the institute’s efforts in upskilling professionals and influencing policy in alignment with global best practices.
The transition concludes with the handover of an institution positioned on a strengthened financial and operational footing, setting the stage for the new administration’s defined strategic focus.
