Picture: Herbert Wigwe
The governor of Central Bank of Nigeria, Godwin Emefiele, and ths managing director of Access Bank,
Herbert Wigwe, have been honoured with the conferrment of Juris Law awards.
The awards were presented by the Juris Law Office in collaboration with the National Judicial Institute (NJI).
The organizers said the awards were in recognition of their selfless contributions to the development of corporate governance and rule of law in Nigeria’s banking industry.
Emefiele was also recognized for his support towards the development of law for economic growth in Nigeria. CBN governor, Godwin Emefiele
Wigwe who is also the Chairman, body of bank chief executive officers, received the award at a workshop for judicial officers on recent reforms of the banking financial services sectors in Nigeria: Bank and Other Financial Institutions Act (2020) in Focus.
The workshop was titled: ‘The Role of the Judiciary in Financial System Stability in Nigeria’
In his goodwill message to the workshop, Wigwe said the Bank and Other Financial Institutions Act (BOFIA) 2020 would promote a stronger, more transparent, and efficient financial system in Nigeria.
The expansion of the CBN’s powers and the other salient provisions introduced by the Act, he noted, would help to improve the system, prevent bank failures and other systemic issues.
He urged the lawyers to look into the contemporary issues in the nation’s banking sector and come up with workable ways of resolving financial disputes.
“It is my hope that my Lords will be emboldened in the future to implement the provisions of this Act, admit their errors where necessary and do inestimable good to the banking and financial sector in the country.
“I am, without doubt, that your lordships’ decisions are a vital part in determining how fast and high the economy of this country can grow. It is my hope that the future cases will be decided in tandem with the spirit of this Act and the rule of law. No nation’s economy can develop faster than its rule of law,” he said.
The Access Bank Boss urged the judiciary to use the opportunity of the workshop to gain the right knowledge and attitude into the contemporary issues in the financial and banking sector in the country.