SiBAN Reforms: Towards Transformational Leadership in a Time of Growing Innovation, Policy, and Regulation in Nigeria

Towards providing more efficient and responsive leadership particularly at a time of innovation, policy, and regulation in Nigeria, the outgoing Caretaker Committee of SiBAN chaired by Paul Ezeafulukwe approved the following four (4) resolutions today 26 November 2020:

  1. The “Caretaker Committee” now the “Executive Council”: The leadership of SiBAN, presently called and known as the “Caretaker Committee” will now be known as the Executive Council. The reason for this is because the nomenclature “Caretaker Committee” was adopted in December 2018 as an interim arrangement to enable appointed leaders of the body steer the affairs of the body until the body became better structured and more stable. By December 2019, an election was conducted for a one-year term in office. But the leaders continued to maintain the old name, “Caretaker Committee”. Therefore, the outgoing Caretaker Committee believes that it is high time the Caretaker Committee became the Executive Council.
  2. Change in Nomenclature of Elected Offices: The nomenclature used for SiBAN elective offices, such as “Chairman”, “Vice Chairman”, and “General Secretary” have now been changed to “President”, “Vice President”, and “Executive Secretary”. The primary reason for this change in nomenclature is to reflect the change in paragraph one above and also reflect the trend in leadership in today’s world.
  3. Change in Tenure of Elected Officers: The tenure of elected officers, namely the President, Vice Presidents, and Executive Secretary, will now be extended to a 2-year tenure with the option to run for reelection for another 2-year term, making a maximum of 4 years. The primary reason for this reform is to encourage continuity, thus encouraging planning, consistency in policy, lasting structures, and stability in governance. This will also enable SiBAN to consolidate on achievements in the previous tenure.
  4. Accountability in Office and Removal from Office: Every office holder in SiBAN must be held accountable to the electorates and the SIBAN community at large by allowing an elected officer to be removed from office upon a motion of no confidence moved by a registered SiBAN member supported by 2/3 majority of registered members of SiBAN. The reason for such vote of no confidence may border on neglect of duty, abuse of office, or other acts or inactions that may be considered to be in conflict with the elected officers’ duties and obligations to SiBAN. The primary reason for this is to ensure that no elected officer remains in office after failing to carry out his or her responsibilities as an elected officer in the body.

The structural changes above have become necessary in order to improve the efficiency, effectiveness, and responsiveness of SiBAN as a self-regulatory body in Nigeria’s emerging blockchain industry.

The outgoing SiBAN Chairman, Paul Ezeafulukwe, is expected to hand over to a new leader after the conclusion of SiBAN Elections 2020. With nominations already opened by the Electoral Committee, the elections start 11 December 2020.

Leave a comment

I accept the Privacy Policy