CBN offers risk management professionals advice on newly emerging threats

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Dr. Blaise Ijebor, Director of Risk Management at the Central Bank of Nigeria, has urged risk management professionals to stay on top of trends that could be dangerous for their company.

During the Certified Risk Manager Induction in 2023, Ijebor made this charge. Tuesday’s ceremony in Lagos saw the induction of 80 professionals.

He urged them to be daring, taking on obstacles and seizing chances, as well as to remain flexible and adaptable, ready to respond to the dynamic nature of their profession.

Ijebor lists numerous important implications for risk management in a statement.

These, according to him, were the development of networked systems, the monetization of data, the militarization of information, changes in the cybersecurity risk environment, and regulatory adjustments.

“People grumble about the shifting regulations in the business, but this is necessary because we, as regulators, face new technologies that we must effectively control so that they do not hurt the digital economy,” he said.

“These days, cybercrime is less about money. With each day that goes by, the cybercrime industry expands as the crooks play a long-term game of building their resumes. Therefore, risk managers must both adopt new technologies and control hazards.

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Prof. Ezekiel Oseni, President and Chairman of the CRMI council, advised the inductees in his introductory remarks to be well-versed in their sector and to help discover solutions to business problems without putting their careers at risk.

The only chartered risk management institute in Nigeria established by National Acts of Parliament is CRMI, he declared.

I’d want to use this chance to point out that CRMI is the only chartered risk management institute in Nigeria created by national acts of parliament.

The public should be aware of organizations that are acting as Chartered Risk Management Institutes and awarding fellowship status to persons but are not authorized to do so by the Act of the National Assembly. Additionally, we want to extend a hand of friendship to any risk management organizations or associations that might want to collaborate with CRMI.

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