AN OPENING ADDRESS DELIVERED BY THE PRESIDENT/CHAIRMAN OF COUNCIL OF THE CHARTERED INSTITUTE OF BANKERS OF NIGERIA, MR. JOSEPH O.

JAIYEOLA, FCIB AT THE 2011CIBN ANNUAL LECTURE, 20 OCTOBER, 2011

Protocol I am glad to welcome you all to the 2011 CIBN Annual Lecture holding today at the Bankers House. I, in particular, welcome our Special Guest of Honour, His Excellency, Mr. Jean J. Gauthier, the Deputy High Commissioner of Canada in Nigeria. I extend our warm welcome to the team from the Royal Bank of Canada, particularly Messrs Richard Gorab and Nolan Farhy, who will part-anchor todays lecture. I equally heartily welcome the Chairman of the celebrated lecture , Mr. Phillips Oduoza, HCIB, a distinguished banker who is steadily engraving his footprint on the sands of the banking and finance industry and the Managing Director/Chief Executive of United Bank for Africa (UBA) Plc, one of the frontline banks in Africa. I welcome in special way top executives of banks and other members of sister professional bodies, government functionaries, members of the diplomatic community and other operators in the economy. I respectfully welcome all Council members, Past Presidents and Registrars, Fellows, Honorary Senior Members, Associates and other members of our revered Institute. Members of the media, Distinguished Ladies and Gentlemen, I welcome you all. The Annual Lecture as you may be aware, is a traditional public policy lecture instituted by The Chartered Institute of Bankers of Nigeria to acquaint the Nigerian public with developments in both the local and global economies.

The lectures over the years, have been delivered by very renowned experts in chosen contemporary areas of the economy. It is usually a moment for

celebration of knowledge for both the lecturer and our distinguished audience with the participants expecting to be better informed.
An Opening Address by P/CC, Mr. J.O. Jaiyeola, FCIB at 2011 Annual Lecture

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innovation is introduced in this years lecture as there will be presentations made via life video conferencing direct from Canada and physical face-toface.

The 2011 lecture has the theme: Building a Resilient Financial System to withstand External Shocks: Lessons from selected Economies. The choice of Canada and specifically the Royal Bank of Canada as the reference bank in this years annual lecture is informed by the facts that Canada remains the only big economy in the world not affected by the global economic meltdown while The Royal Bank of Canada, apart from being the largest bank in Canada, has very robust risk management and governance framework that ensured its withering through the global economic crisis unscathed. The banking system of Canada is strong and resilient and we need to hear how they make it.

You will agree with me that our speakers this evening are eminently well equipped to discuss the topic of the lecture. I will crave the indulgence of the audience to listen attentively to the lecture and also make contributions to the discourse. Without belabouring you with a long address, as the main course will certainly interest you more, I once again, welcome you all especially those of you coming into the Bankers House for the first time today. May God bless you all as you relax to listen to the lecture. I wish you a memorable stay. I thank you for your attention.

Joseph O. Jaiyeola, FCIB

An Opening Address by P/CC, Mr. J.O. Jaiyeola, FCIB at 2011 Annual Lecture