Access Bank Chief Executive Officer, Dr Herbert Wigwe and the Governor, Central Bank of Nigeria, Godwin Emefiele have been awarded with Juris Law award for their contributions to rule of law and corporate governance in the nation’s banking sector as well as supporting the development of law for economic growth in Nigeria.
The prestigious award was presented to them 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’.
Earlier, in a goodwill message, Mr Wigwe said the Bank and Other Financial Institutions Act (BOFIA) 2020 will promote a stronger, more transparent, and efficient financial system in Nigeria.
He said the expansion of the CBN’s powers and the other salient provisions introduced by the Act will help to improve the system, prevent bank failures and other systemic issues.
Mr Wigwe however, 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 stated.
The Access Bank helmsman however, 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.
The award was presented by the Juris Law Office in collaboration with the National Judicial Institute (NJI).
