Sound Financial System: SEC Advocates Mentoring

-by our correspondent.

As part of effort to build a sound and dependable financial industry and to curtail dishonorable banking practices in the country, the Securities and Exchange Commission (SEC) has advocated mentoring of the younger generation of bankers by their seasoned senior colleagues.

The Director General of the Securities and Exchange Commission, Lamido Yuguda who gave the advice at the a forum in Lagos with the theme, “Mentoring: Unlocking Career Potentials and Possibilities” said commitment to mentoring the younger generation would go a long way in fulfilling the objectives of the chartered Institute of Bankers of Nigeria (CIBN).

Director General of SEC, Lamido Yuguda

“To the young bankers, I enjoin you to make the best use of this rare opportunity, I am confident that with the cooperation of all stakeholders, the CIBN mentoring scheme will be a point of reference for others, it is critical for young bankers to be mentored by seasoned senior colleagues as they progress in their careers because the banking profession is predicated on trust and professionalism,” he said.

The SEC boss noted that due to the peculiarities of the banking industry, it is easy for young bankers to get distracted with the prestige and sometimes material benefits that come with the profession. “However, mentorship relationships help to keep such young professionals grounded and focused on building character, advancing their knowledge, growing their professional network and cultivating the right values.”

CIBN President, Bayo Olugbemi

“This is important because what makes success sustainable for a professional is a combination of skill, experience and the right values,” Yuguda added.

Earlier, the CIBN President, Bayo Olugbemi, said that the Institute has identified mentoring as a potent tool for bridging the gap between learning and doing, “the changing times requires that we do things differently, at the CIBN, we believe so much that to maintain safety, soundness and stability of the banking industry, the human capital has a pivotal role to play in this wise.”

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