Oliver Alawuba, the Group Managing Director of United Bank for Africa Plc, has stated that judicial delays and other processes are exacerbating the financial risk profile of Nigeria’s banking sector.
At the 23rd National Seminar on Banking and Allied Matters for Judges, held at the National Judicial Institute in Abuja, Alawuba made this statement.
Jointly organised by the Chartered Institute of Bankers of Nigeria and the National Judicial Institute (NJI), the event lasted two days.
While addressing the topic of ‘Justice and Finance in Partnership: Enabling Trust, Security and Nigeria’s Economic Growth’, Alawuba—who is also the chairman of the Body of Bank Chief Executive Officers—emphasized the necessity for increased collaboration between the financial services sector and the judiciary.
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