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Governor Mohammed Lauds CIBN for Donating 160-Seater Lecture Theatre to ABTU

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L-r: His Excellency, Senator Bala Mohammed, Executive Governor, Bauchi State; Dr. Bayo Olugbemi, President/Chairman of Council, The Chartered Institute of Bankers of Nigeria; Mr. Dele Alabi, National Treasurer, CIBN and Dr. Seye Awojobi, Registrar/Chief Executive, CIBN during the CIBN Stakeholders Engagement with the Bauchi State Governor recently.
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The Governor Bauchi State, Senator Bala Mohammed has commended the Chartered Institute of Bankers of Nigeria for donating a 160-Seater lecture theatre at the Abubakar Tafawa Balewa University Bauchi, ATBU.

Governor (Sen) Mohammed made the statement while receiving the CIBN team led by Dr. Bayo Olugbemi, President/Chairman of Council who paid him a courtesy visit, at the office of the Governor, Bauchi State.

The Governor Bala applauded the efforts of the institute and indeed the banking industry for its various contributions to the development of the state, especially in helping its government in revenue drive for the state. He added that his administration will continue to support the institution’s activities.

The Governor said that his administration will collaborate with the Chartered Institute of Bankers of Nigeria (CIBN) on capacity building for its relevant workforce in the state.

According to Governor Mohammed, ‘the Bauchi State is one of the peaceful states in the north-east of the country’. “Also, the government of Bauchi State will be willing to share our own experiences dealing with governance at both the state and the local levels.

“So, we will extend the hand of any relationship with the CIBN in exploiting their judiciary and collaboration to organize training and workshops on issues of mutual concern

Earlier in his remarks, the CIBN President, Dr. Bayo Olugbemi said “We thank you for giving us the opportunity to have this audience with you today while we commend your laudable achievements, especially in the areas including Road Infrastructure, Transportation, Energy, Natural Resources, Youth Empowerment programmes and several other developmental projects as well as Social Investment Programmes across the State.

He also appreciated the Bauchi State Government for its support to the banking industry by way of efficient and effective security system which has provided enabling environment for the Banking and finance industry to thrive in the State.

Dr. Olugbemi further explained that the Institute is in the state for very auspicious reason and as part of its developmental programmes resolved to institute Learning Legacy Projects in higher Institutions in Nigeria with a view to deepening the study of banking and finance and to address the gap between the industry and the academia.

To kick start the process, in addition to reviewing the Institute’s Banking Professional Examinations Syllabi, the Institute at the first phase is bequeathing a 160-Seater ultra-modern lecturer theatre, fully furnished with modern ICT infrastructure, to six (6) higher institutions in Nigeria, one in each geo-political zone. The beneficiary institution in the North-East Zone is Abubakar Tafawa Balewa University, (ATBU) Bauchi, he said.

Dr. Olugbemi said ‘I am happy to inform you that we are just returning from the groundbreaking Ceremony, and we shall be inviting Your Excellency for the commissioning of the edifice very soon as the project is scheduled to be completed in sixteen (16) weeks.

CIBN President told the Governor the CIBN’s readiness to collaborate with the Government in organizing an Annual Seminar for Judges on Banking and Allied Matters for the Bauchi State Judiciary.

According to him, CIBN would leverage on its over 20years experience of running a similar Programme for all the judges in the Country in collaboration with the National Judicial Institute.

He further said that the Institute would be most willing to partner with the relevant ministries of the state government to enhance the capacity of their personnel in the area of banking and finance.

He also said that the Bauchi state should take advantage of the numerous experienced professionals in the Banking industry that can help handle various projects and initiatives of Bauchi State Government while the Institute will be readily avail the Government nominations for such assignments.

Dr. Olugbemi also pleaded with the Governor to support for the proposed amendment of the CIBN Act No. 5 of 2007 when presented to the National Assembly as well as encouraged Bauchi State government to absorb Banking and Finance graduates/ACIB qualification holders into the State Civil Service in view of the immense value they will bring into public service.


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Cybervergent Expands to Three New Markets

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Cybervergent has launched version 3.0 of its artificial intelligence (AI)-native posture management platform and expanded operations into Kenya, Ghana, and SA.

The move, according to the company, introduces automated risk verification for enterprises and aims to position Africa as a force in digital governance technology.

It goes on to say the latest platform upgrade introduces continuous posture management, replacing traditional point-in-time governance, risk, and compliance reporting with real-time verification systems.

An AI engine independently verifies 99.9% of audit and monitoring findings before they appear on enterprise dashboards, according to Cybervergent.

It says risk management, compliance, audit, and data security operations are integrated into a unified system built for cloud and on-premise environments.

According to  Cybervergent, the platform maps more than 4 500 controls across frameworks, including the Nigeria Data Protection Act (NDPA), International Organisation for Standardisation (ISO) 27001, and System and Organisation Controls (SOC) 2.

Cybervergent says the rollout of its first South African customer validates the platform’s readiness for highly regulated enterprise markets and strengthens its expansion strategy across Africa’s leading technology and financial hubs.

The company is also adopting a channel-first deployment model, working with local partners and system integrators in Lagos, Accra and Johannesburg to scale verified security infrastructure for enterprises navigating increasingly complex regulatory demands.

“We built verification into the architecture,” said Ayomide Daniels, co-founder and chief scientist at Cybervergent. “If a finding is not traceable back to source documentation, it does not reach the dashboard.”

Cybervergent rebranded from Infoprivacy in late 2023 to reflect its shift towards AI-automated cybersecurity.

The start-up previously focused on data privacy compliance in the West African market before pivoting to its current integrated posture management model.


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FG Bans Honorary Degree Holders from Using ‘Dr’ Title, Warns of Academic Fraud

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Federal Government has directed recipients of honorary doctorate degrees to stop using the title “Dr.” before their names, as part of efforts to protect the integrity of academic qualifications and curb the misuse of honorary awards.

FG Bans Honorary Degree Holders from Using ‘Dr’ Title, Warns of Academic Fraud

Minister of Education, Tunji Alausa

Minister of Education, Tunji Alausa, announced the directive after the approval of the new policy by the Federal Executive Council (FEC).

Alausa said the measure was necessary to address the growing abuse, commercialisation and politicisation of honorary degrees in some tertiary institutions across the country.

He explained that honorary doctorates are symbolic recognitions of outstanding contributions to society and do not equate to earned academic qualifications obtained through rigorous study, research and examination.

“Recipients of honorary doctorate degrees are not entitled to use the title ‘Dr.’ as a prefix to their names in official, professional or academic engagements,” he said.

According to the minister, awardees may instead indicate the honorary distinction after their names using formats such as D.Litt (Honoris Causa), LL.D (Honoris Causa) or other approved honorary designations.

Under the revised policy, only universities with active doctoral programmes will be permitted to confer honorary doctorate awards.

The government also restricted recognised honorary awards to four categories: Doctor of Laws (LL.D), Doctor of Letters (D.Litt), Doctor of Science (D.Sc), and Doctor of Humanities (D.Arts).

In addition, all honorary degree certificates must clearly carry inscriptions such as “Honorary” or “Honoris Causa” to distinguish them from earned academic degrees.

The minister warned universities against indiscriminate conferment of honorary degrees, noting that institutions found violating the directive would face sanctions from the National Universities Commission and the Federal Ministry of Education.

He said the policy was part of broader reforms aimed at restoring credibility to Nigeria’s higher education system and ensuring academic titles are not misrepresented for personal, political or financial gains.

Observers say the development could reshape the long-standing culture where public office holders, business executives and celebrities often adopt the “Dr.” title after receiving honorary awards.


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Africa Fintech Revenues to Hit $65 billion by 2030 – Report

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African fintech revenues are projected to expand 13-fold to approximately $65 billion by 2030, marking the continent as the world’s fastest-growing digital finance market.

The “Beyond Payments: Unlocking Africa’s Second FinTech Wave ” report, released by Boston Consulting Group at the Inclusive FinTech Forum in Kigali, indicates the sector is shifting from transactional inclusion to scalable, infrastructure-driven systems.

While Sub-Saharan Africa accounts for 74% of global mobile money volume, more than 50% of lending still occurs through informal channels, representing a massive gap for B2B payments and data-driven underwriting.

The opportunity now is to convert scale into sustained, institutional-grade growth, says the report. Markets offering regulatory clarity and interoperable infrastructure are becoming increasingly attractive to long-term capital.

Rwanda is highlighted as an example of deliberate institutional coordination that lowers the cost to scale for financial institutions.

Forward-looking regulation and the License Passporting Memorandum of Understanding between Rwanda and Kenya are cited as practical steps toward easing regional expansion.

Financial centres like the Kigali International Financial Centre play a critical role in this next phase by reducing uncertainty for banks and investors.

By combining regulatory clarity and Pan-African integration, they reduce uncertainty for banks, fintechs, and investors, and help position markets as credible, long-term investment destinations.

Africa’s next fintech phase will be led by financial institutions, the report notes. It goes on to say banks and regulated entities are becoming the primary customers of digital financial infrastructure, demanding platforms that align with their risk frameworks.

The report identifies five institutional priorities to sustain momentum: interoperable infrastructure, data-driven credit, regulatory coherence, trust, and resilience.

Building seamless wallet-to-bank integration will enable more efficient value movement, while transforming transaction data into AI-enabled underwriting models will help bridge the gap in SME lending.

Proportional licensing frameworks and predictable supervisory practices will lower the cost to scale for innovators. Furthermore, expanding cybersecurity capabilities will ensure the ecosystem remains reliable as digital usage grows.

Africa has demonstrated that fintech scale is achievable, and the next decade will be shaped by those markets that strengthen their institutional foundations, the report concludes.

 


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