As new technology and processes moves forward, the Risk Management Association of Nigeria (RIMAN) has charged financial service providers, especially banks, to embrace best risk management practices in their operations.
According to the association, the appeal was premised on the emerging risks confronting the nation’s financial system, especially as new technologies evolve.
RIMAN also commended the management of Wema Bank for upholding best risk management practices in its operations.
The commendation was made during a courtesy call by the RIMAN Executive Council led by its President, Dr. Ezekiel Oseni, on the Chief Executive Officer of Wema Bank, Mr. Ademola Adebise, last week.
Speaking at the event, Oseni appreciated the Managing Director of Wema Bank, and the Management team for upholding best risk management practices in the bank, noting that it is not only that the bank’s risk management department is well staffed but with highly qualified personnel that are also exposed regularly to capacity building programmes organised by the Association.
Oseni also congratulated the MD of Wema bank and the Board of Directors for the impressive financial performance of the Bank for the first nine months of this year.
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