- L – R: Mr. Kenneth Irabor, Head, Risk Management, Dangote Cement; Dr. Pontsho B. Mokoena, Group Chief Risk Officer, Dangote; Mr. Kevin Ugwuoke, President, Chartered Risk Management Institute of Nigeria (CRMI) and Executive Director, Risk Management, Fidelity Bank Nigeria Plc; and Mr. Victor Olannye, Ph.D, FCRM, Registrar/Chief Executive Officer, CRMI; during a courtesy visit on the institute’s president in Lagos recently
By SCM Correspondent
Lagos, Nigeria – In a strategic move to deepen the culture of enterprise risk management across Nigeria’s corporate landscape, the President of the Chartered Risk Management Institute of Nigeria (CRMI) and Executive Director, Risk Management at Fidelity Bank Plc, Mr. Kevin Ugwuoke, recently played host to senior risk executives from the Dangote Group.
The courtesy visit, which took place at the Institute’s headquarters in Lagos, served as a high-level platform for discussing emerging risk trends and the importance of professionalizing risk governance in both the financial and manufacturing sectors.
Strengthening Corporate Resilience
The delegation from Dangote Cement and the Dangote Group, led by Group Chief Risk Officer Dr. Pontsho B. Mokoena and Head of Risk Management (Dangote Cement) Mr. Kenneth Irabor, engaged in discussions focused on aligning industry practices with the CRMI’s standards.
As the President of CRMI, Mr. Ugwuoke emphasized that robust risk management is the bedrock of sustainable business growth, particularly in an era of macroeconomic volatility. Under his leadership, the Institute has consistently advocated for the integration of risk intelligence into executive decision-making.
From the perspective of Fidelity Bank, this engagement underscores the lender’s position as a “risk-aware” institution. By having its Executive Director at the helm of the nation’s premier risk management body, Fidelity Bank continues to demonstrate its dedication to fostering a stable and secure financial environment.
This partnership with the Dangote Group—Nigeria’s industrial powerhouse—highlights a shared vision between the banking and manufacturing sectors to mitigate operational risks and drive economic value through professional excellence.
The CRMI and Fidelity Bank Connection
The Chartered Risk Management Institute of Nigeria (CRMI), established by Act No. 39 of 2022, is the statutory body responsible for regulating the risk management profession in the country.
Mr. Kevin Ugwuoke assumed the presidency of the Institute with a mandate to drive digital innovation, ethical standards, and policy advocacy.
His dual role as the Chief Risk Officer of Fidelity Bank allows for a seamless synergy between theoretical risk frameworks and practical, real-world application in one of Nigeria’s most capital-efficient banks.
Following Fidelity Bank’s successful recapitalization exercise earlier this year, the bank has maintained a focus on “safe and sound” banking practices, ensuring that its expansion goals are balanced by a world-class risk management framework.
