The CEO of Sterling Bank believes that professional bankers should not aim to become wealthy billionaires.

In a thought-provoking address at the induction ceremony of the Chartered Institute of Bankers of Nigeria (CIBN), Abubakar Suleiman, the Managing Director/Chief Executive Officer of Sterling Bank, stirred a debate within the banking community by challenging the notion of professional bankers amassing immense wealth. Suleiman's remarks underscored the ethical responsibilities inherent in the banking profession and raised important questions about the pursuit of wealth in the industry.

Addressing a distinguished audience that included former institute presidents and the Lagos Commissioner of Finance, Suleiman emphasized the fundamental nature of banking as a service-oriented profession. He cautioned against viewing a career in professional banking as a means to attain billionaire status, unless one engages in unethical practices.

Suleiman's words carried weight as he articulated, "If your purpose is wealth, and I will say this with all sense of responsibility, if you find a banker, a professional banker, not an owner, not an owner-manager, not an entrepreneur in banking but a professional, and he says he’s wealthy, look at the person and ask how?"

The CEO's message echoed a sentiment of integrity and ethical conduct, suggesting that the pursuit of wealth should not overshadow the core values of professionalism and service. He challenged professionals to examine their motives and reminded them of the intrinsic rewards of banking beyond financial gain.

Highlighting the paradox of equating professional success with material wealth, Suleiman emphasized, "By virtue of being a professional in employee status, that is not the road map to ‘billionaireship’ unless you are a thief and you are not." His words served as a sobering reminder of the ethical boundaries that must guide the conduct of bankers in their professional endeavors.

Suleiman's address resonated with the broader discourse on ethics in banking and prompted reflection on the values that underpin the industry. He cautioned against the allure of extravagant wealth and urged professionals to prioritize purpose and service over personal gain.

In a world where financial success often takes precedence over ethical considerations, Suleiman's stance offered a refreshing perspective. He challenged bankers to redefine success in terms of integrity, professionalism, and the positive impact they can make in society.

As professionals in the banking sector, Suleiman's message serves as a timely reminder of the ethical imperatives that should guide our actions. It prompts us to reconsider our priorities and reaffirm our commitment to upholding the highest standards of integrity and service in our pursuit of excellence.