Nigeria Police Force and Banking Sector Leaders Deepen Collaboration To Strengthen Financial Security
The Chartered Institute of Bankers of Nigeria (CIBN), in collaboration with the Body of Banks’ CEOs, hosted an engagement with the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D, NPM, in Lagos. The meeting reinforced the shared commitment to safeguarding Nigeria’s financial system as a critical pillar of national stability and economic growth.
In his remarks, the IGP underscored the strong nexus between financial security and national security, noting that the resilience of banking operations is central to investor confidence and Nigeria’s global credibility. He highlighted the evolving threat environment, emphasizing that beyond traditional risks such as armed attacks, the sector now faces increasingly sophisticated challenges, including cyber-enabled fraud, identity compromise, insider facilitation, and illicit financial flows.
To address these risks, the Nigeria Police Force continues to advance an intelligence-led approach to protecting financial infrastructure. The IGP referenced recent operations that dismantled violent crime networks, disrupted kidnapping syndicates, and recovered illegal arms, thereby strengthening the enabling environment for business continuity. He further noted his recent engagements with the Director-General of the Securities and Exchange Commission (SEC) in Abuja and the Nigeria Exchange Group (NGX), both aimed at enhancing financial system integrity and investor protection.
In line with the Nigeria Police Act, 2020, the Force is enhancing the recruitment, training, and deployment of Supernumerary Police Officers (Spy Police) to meet the specialized security needs of banks and other critical financial institutions.
In conclusion, IGP Kayode Adeolu Egbetokun, Ph.D, NPM, reaffirmed the Nigeria Police Force’s commitment to working closely with the banking sector as a strategic partner in safeguarding the stability, integrity, and international reputation of Nigeria’s financial architecture.
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