FG approves CIBN’s disciplinary tribunal rules

The Federal Government has approved the rules governing the
conduct of the disciplinary tribunal of the Chartered Institute of
Bankers of Nigeria.

In a statement, the institute explained that the approval
further strengthened members and customers’ confidence in the
industry.

The Attorney General of the Federation and Minister of Justice,
Mr Abubakar Malami, consented to the rules on behalf of the Federal
Government.

The rules prescribed the proceedings to be observed by the
tribunal in the hearing and determination of complaints as well as
recommending appropriate sanctions to be meted out to erring
members of the institute upon establishment of a prima facie case
by the investigating panel.

It stated, “The Disciplinary Tribunal adjudicates on cases of
ethical and professional misconducts by members of the institute.
The rules are expected to further improve and promote ethical
practice and professionalism in the Nigeria banking industry.”