Citibank hosts Annual Cash & Trade Seminar for Banking Industry

Citi recently concluded a week-long Cash & Trade Seminar for banking industry professionals. The seminar had over 45 participants from various banks in the industry.

The annual seminar is a demonstration of Citi’s commitment to using its global resources and expertise to improve the knowledge base of Nigeria’s banking professionals. The course is designed to provide both intermediate analysis of international cash & trade policies and processes and an insight into current global developments and emerging trends. The forum also provides an excellent opportunity for interactive discussions between key operators in the local market.

According to Mr David Oji, Citi Financial Institution’s Head in Nigeria, “Citi’s objective is to share with participants important developments in international trade and payments and to provide a better appreciation of the fundamentals governing these aspects of international banking. These seminars are targeted in particular at bankers who are directly responsible for processing cash & trade transactions and/or marketing related products.”

The seminar was officially opened by the CEO of Citi Nigeria, Mr Akinsowon Dawodu. Dawodu highlighted Citi’s partnership with other banks in the industry and reinforced Citi’s commitment to improving the standard of banking for all key stakeholders including regulators, banks and customers.

The primary facilitator was Mr Parvez Todiwala a renowned Senior Trade Advisor from Citi EMEA Trade Advisory and Trainer with experience in International trade and payments. Other facilitators were Mrs Iheyinwa Onwuasoanya, Citi Correspondent Banking Group Head in Nigeria and Ms Shola Phillips, Country Chief Compliance Officer.

There were two notable guest speakers namely Mr Munish Modi, the Group CFO Africa Industries Group and Mr Olu Vincent Deputy Director of Trade & Exchange, the Central Bank of Nigeria. Vincent commended Citi for the positive contribution to the improvement of the Nigerian Banking industry and encouraged other banks to emulate this positive example.