The Federal Government has established a committee to assess and manage the various risks confronting the country.
This initiative was announced by the Managing Director and Chief Executive Officer of the Bank of Industry, Olasupo Olusi, during the annual conference of the Chartered Risk Management Institute (CRMI) in Lagos.
Olusi, who was honored with an honorary fellowship at the event, noted that the committee is expected to submit finding within four weeks to the presidency.
Also, CRMI gave its first set of Honorary Fellowship Awards to the Deputy Governor of Lagos State, Kadir Obafemi Hamzat, the Governor of the central Bank of Nigeria (CBN) Olayemi Cardoso, Executive Chairman Federal Inland Revenue Service (FIRS), Zaccheus Adedeji, Director General Meteorological Agency (NiMet) and Director General, Securities and Exchange Commission (SEC), Emomotimi Agama.
Others Awarded were the Group Managing Directo Zenith Bank, Adaora Umeoji, Managing Director/ Chief Executive Officer Access Bank, Roosevelt Ogbonna and the Managing Director/ Chief Executive Officer, Fidelity Bank, Nneka Oyeali-Ikpe.
Another highlight at the event was the signing of the Memorandum of Understanding (MOU) to establish the Federation of African Risk Management Associations (FARMA) with Risk institute heads represented by South Africa, Cote D’Ivoire, Morocco, Senegal, Benin Republic, and Kenya present.
The conference, themed, ‘Emerging Crisis in Africa: Way Forward,’ also featured remarks from Dr. Ezekiel Oseni, President and Chairman of Council at CRMI. He disclosed that the institute had sponsored a risk management bill currently under review in the National Assembly, which has already passed its first reading.
