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Tag: CIBN

  • CIBN appoints new registrar/CEO

    The Chartered Institute of Bankers of Nigeria (CIBN) has appointed Mr. Oluseye David Awojobi,  as the substantive Registrar/Chief Executive Officer of the institute. The appointment is part of the strategic efforts to sustain the transformation initiatives of the Institute.

    Mr. Awojobi whose appointment was confirmed by the Governing Council of the Institute at its meeting in Lagos has been on Acting capacity since June 2014.

    With the appointment he replaces Dr. ‘Uju M. Ogubunka, FCIB, who retired as the Registrar/Chief Executive of the Institute in September 2014.

    Prior to his new appointment, Mr. Awojobi has occupied other key strategic positions in the Institute such as Deputy Director/Group Head, Ethics and Professionalism, 2014; Assistant Director/Group Head, Ethics and Professionalism, 2012 to 2014; Principal Manager/Head, Directorate of Education, 2009 to  2012 among other roles.

    Awojobi, a seasoned professional banker and an astute scholar holds a Masters degree in Business Administration (MBA) and B.Sc in Banking and Finance (2nd Class Upper) from Olabisi Onabanjo University, Ago Iwoye, Ogun State.

  • CIBN accredits Access Bank Academy

    CIBN accredits Access Bank Academy

    The Charted Institute of Bankers of Nigeria (CIBN) yesterday accredited the Access Bank Academy to carry out training on banking matters.

    CIBN President, Mrs. ‘Debola Osibogun, who presented a certification certificate to the Access Bank Plc, explained that with the accreditation, Access Bank Academy has the stamp of authority to train its workforce and by extension, build capacity for the banking and finance industry in the country as required under the competency framework.

    The CIBN boss said the academy has met the requirements as stipulated by the Institute’s Linkage Committee and the Central Bank of Nigeria (CBN) in compliance with the competency framework instituted by the apex bank.

    She added that the exercise remains the first set of accreditation certificate to be presented to a training service provider in the country.

    Osibogun said the accreditation will open more routes for intending CIBN members to come on board and write the institute’s professional examinations.

    It is also a platform for producing banking professionals that are highly knowledgeable and competent while benchmarking with international standards.

    She added that the new graduates of the academy will also be expected to register as student members of CIBN and subsequently, commence the Associate of the Chartered Institute of Bankers (ACIB) examinations.

    The Executive Director, Commercial Banking, Access Bank Plc, Mr. Roosevelt Ogbonna, said the lender has excellent and longstanding relationship with CIBN and that the accreditation will deepen the relationship between both parties.

    He said the CBN competency framework has already spelt out what is needed to be taught at the academy adding that the bank is determined to invest in its people because as a service provider, its manpower remains its strength.

    Ogbonna said participants in the programme will get exemptions from CIBN and must therefore, take advantage of the opportunity provided by the academy to enhance their capacity and skills in the profession. He said the bank is excited at the opportunity provided by the academy and that the quality and integrity of exams conducted by the academy remain high.

  • CIBN chief backs N220b MSMEs’ fund

    The President, Chartered Institute of Bankers of Nigeria (CIBN), Mrs. Debola Osibogun, has said the Federal Government’s decision in launching the N220 billion Micro, Small and Medium Enterprises (MSMEs) Development Fund, power sector reforms and establishment of the Nigerian Mortgage Refinancing Company, are steps in the right direction.

    Speaking during a dialogue with President Goodluck Jonathan in Abuja, Mrs. Osibogun said government has also created specialised funding for key sectors of the economy, such as Agriculture, Education, Maritime, Information Communication Technology and Textiles, among others.

    “We are happy to note that the banking industry remains a very dependable ally in promoting these transformations across all sectors of the economy and is also working assiduously towards achieving the nation’s goal to be one of the top 20 economies in year 2020,” she said.

    The CIBN chief described the institute as 51-year-old self regulatory, professional banking institute, chartered by an Act of the Federal Republic of Nigeria, with the statutory responsibilities of human capacity development for the banking industry; professional certification and maintenance of ethical standards among practitioners.

    “The Institute is overtly poised to coordinate and harmonise the strength of all  its constitutent corporate and individual members;  and other relevant stakeholders (local and International) for value addition to the Nigeria project,” she said.

  • Ex-CIBN chief, others honoured

    Ex-CIBN chief, others honoured

    A former Chairman of the Chartered Institute of Bankers of Nigeria (CIBN) in Oyo State and currently, the Chairman/Chief Executive, FFP Global Investment Resources Limited, Alhaji Abiola Alli has been honoured.
    He was honoured alongside six distinguished professionals by the Association of Professional Bodies of Nigeria (APBN), Oyo State branch.
    The award, which was in recognition of their excellent professional service in the state, took place at the Ibadan Civic Centre yesterday during the Investiture of the 4th Chairman of APBN, Gbenga Ilori and induction of its new executive council members in the state.
    Other award recipients are: Alhaji R.M Ajao, Vincent Agha, Joseph Okedele, Folu Bademosi and Prince Oyebade Fatai.

  • Ex-CIBN chief, others honoured

    A former Chairman of the Chartered Institute of Bankers of Nigeria (CIBN) in Oyo State and currently, the Chairman/Chief Executive, FFP Global Investment Resources Limited, Alhaji Abiola Alli has been honoured.

    He was honoured alongside six distinguished professionals by the Association of Professional Bodies of Nigeria (APBN), Oyo State branch.

    The award, which was in recognition of their excellent professional service in the state, took place at the Ibadan Civic Centre yesterday during the Investiture of the 4th Chairman of APBN, Gbenga Ilori and induction of its new executive council members in the state.

    Other award recipients are: Alhaji R.M Ajao, Vincent Agha , Joseph Okedele,  Folu Bademosi and Prince Oyebade Fatai.

     

     

    Alli said that the award would serve as motivation for him to continue to put in his best to the development of the society as a professional.

  • CIBN chief urges bankers on integrity, best practices

    CIBN chief urges bankers on integrity, best practices

    President, Chartered Institute of Bankers of Nigeria (CIBN) Mrs. ‘Debola Osibogun has urged bankers to embrace integrity and best practices in their duties.

    Speaking at the CIBN Graduates Induction and Prize Awards Day held at the weekend in Lagos, she said bankers should abide by the institute’s code that condemns gratification and bribery, among other unwholesome practices, in banking.

    She said:  “I wish to remind you of some of the things contained in the Code of Conduct in the banking industry recently approved by the Bankers’ Committee.

    “You must endeavour to avoid these if only to ensure that you become the heroes and heroines of your chosen profession.You must avoid engaging in any venture of which there are clear issues of conflict of interest; abusing the trust reposed in you or your office; misusing official information in the course of your professional career; offering and or accepting gratification or bribe.”

    Mrs Osibogun said the induction remains a symbolic reminder of the core mandate of the institute which is to admit student members who have passed the prescribed examinations and fulfilled all other conditions set by the Governing Council into Associateship (ACIB); and admit students into the Associateship of the Institute, among others.

    She said at the induction a record high  number of 993 student- members who have all completed the qualifying examinations of the institute.

    “This number is the highest in the history of the institute and it comprises the following;162 for Associateship, nine for Chartered MBA, four for Treasurers’ Dealership Certificate, 795 for Micro-finance Certification Programme, and, 23 for Certificate in Banking,” she said.

    She congratulated the bankers, describing the achievements in completing as extremely demanding, rigorous and tough professional programmes.

    She said: “Not only is today, a deserved testament to your hard work, your discipline and your commitment, it also represents a major milestone in your lives. It is equally a time for celebration as you mark both the end and beginning of exciting parts of your lives and an occasion on which to look forward to the opportunities available to you as Chartered Bankers, Certified Treasury Dealers and Microfinance Certified Bankers.

    “I wish you all the best as you start the next adventure of your lives and hope that this accomplishment opens many doors of opportunity and helps you to realise your personal and professional ambitions.”

    “In today’s dynamic business environment achieving such professional qualifications, demonstrate commitment to professionalism which is an important differentiator in the competitive market place. As bankers, there are so much you can do to bring fresh lease of life to the banking  and finance sector and businesses in both the private and public sectors. This implies that the economic potential of our country is not limited by your visions and the dreams of the future. I therefore urge you to always “shoot for the moon, even if you miss it you will land, among the stars,” she added.

  • Enterprise: Heritage plans bigger, innovative lender

    Enterprise: Heritage plans bigger, innovative lender

    Heritage Bank Limited has said that its acquisition of Enterprise Bank will produce a bigger and more innovative lender.

    Managing Director/Chief Executive, Heritage Bank Limited, Ifie Sekibo said this at the sidelines of the Investiture programme of the Chartered Institute of Bankers of Nigeria (CIBN) held in Lagos.

    Recall that HBCL Investment Services Limited (HISL) promoted by Heritage Bank recently paid N56 billion to acquire Enterprise Bank from the Asset Management Corporation of Nigeria (AMCON).

    Commenting on the integration of the two banks, Sekibo said the acquisition will enable the bank become bigger and more innovative.

    Sekibo, who along with the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele and two other bank chief executives were awarded Honorary Senior Members of CIBN, said that to achieve the above, the bank would focus more on training and would be guided by the standards and codes of the Institute.

    He said: “It is an honour that in so short a time the institute would award me Honourary Senior Membership.  This award would impact on our bank because we would be clear in our focus because the institute is the guiding institute that helps the industry set standards and educate on codes of conduct.  So this would lead to increased awareness of the standards within our institution and it would also enable us run our training programme in line with the institute. It also means there would be a lot of training which is why the institute is important for us. So we would have these training as one family not as two organisations. So look out for a much stronger and bigger organisation.”

    Similarly, Heritage Bank in a statement said that the combination of the two banks will produce a force to be reckoned with and a paradigm shift in the banking industry. The bank said, “We have always seen Enterprise Bank as one of the potential giants in Nigeria’s banking landscape. With a truly vast branch network, innovative and professional staff, solid assets and large customer base, Enterprise Bank is easily one of the preferred banks for value creation wherever you might be in the country.

     

     

    “The partnership process will seamlessly birth an entity that would be optimum of excellence and innovation. In less than two years, we have redefined the concept of banking and emerged as one of the fastest growing banks in Africa. Partnering with Enterprise Bank,  whose vision is in line with ours, will ensure we continue delivering distinctive financial services, building on our legacy of innovation while creating, preserving and transferring wealth across generations.”

  • CIBN plans banking, finance confab

    CIBN plans banking, finance confab

    The Chartered Institute of Bankers of Nigeria (CIBN) has concluded arrangements to hold the eight Banking and Finance Conference in Abuja. The event, focused on transforming Nigeria’s payments systems into global reckoning will hold from September 23 to 24, 2014.

    The institute said it has assembled high profile and seasoned experts from the public and private sectors of the economy to address the topical issues at the conference.

    To participate at this year’s conference are Co-ordinating Minister for the Economy/Minister for Finance, Dr. Ngozi Okonjo-Iweala; Minister of Industry, Trade and Investment, Dr. Olusegun Aganga and Minister of Communication Technology, Mrs. Omobola Johnson  who will present the Government perspectives.

    Also to speak are Country Director, Visa Central & Eastern Europe, Middle East and Africa, Ade Ashaye and Co-founder, Pagatech Nigeria Ltd, Mr. Jay Alabraba who will give the private sector perspective. The focus of the Conference is “Positioning Nigeria’s Payments Systems for Global Competitiveness” which is deliberately designed to further support the Payment Systems Vision 2020 (PSV2020) initiative of government is expected to further promote privacy, integrity, compatibility, good transaction efficiency, acceptability, convenience, mobility, low financial risk and anonymity in the Nigerian financial system.

  • CIBN rolls out new code of conduct

    CIBN rolls out new code of conduct

    The Chartered Institute of  Bankers of Nigeria (CIBN) has issued a new code of conduct to banks to check rising infractions in the industry.

    The institute said it resolved 1350 petitions/cases of infractions in the last 13 years.  It said the new code are harmonised version of three codes, namely, the code of ethics and professionalism in the banking and finance industry, code of banking practice and the professional code of conduct.

    Presenting the code of conduct to the media in Lagos, the President/Chairman of Council, CIBN, Dr. Segun Aina, said the new code was part of efforts and mandate of the institute to further maintain and ensure compliance of banking institutions to ethics and professionalism as well as guarantee the safety and soundness of the industry.

    According to him, the code is expected to enhance the highest level of adherence to good banking practices and a strong commitment to high ethical standards in the banker-customer relationship.

    He noted that the provisions of the code are binding on the industry as operators and regulators made input to its development while approval was obtained from the bankers’committee.

    “The institute also requires its members, as a matter of necessity, to recognise the required responsibilities in the conduct of their businesses and to strictly adhere to the code.

    “The provisions in the code governs the behaviours of both individual and corporate bodies in the banking industry, It also applies to all strata/cadre of employees in the industry whether full time, part time, temporary, contract of in-sourced.

    The Registrar/Chief Executive of the institute, Uju Ogubunka, said  the review of existing codes became necessary to address emerging challenges in the industry.

    The CIBN noted that its ethics and professionalism division resolved 1350 cases between 2001 and 2013 as against 1,504 petitions received within the same period.

  • CIBN issues code of conduct to check infractions

    CIBN issues code of conduct to check infractions

    The Chartered Institute of Bankers of Nigeria (CIBN) has issued new code of conduct for banks to check the rising cases of infractions in the banking industry.

    The institutes also said it resolved 1350 petitions/cases of infractions within the last 13 years.

    It said the new code of conduct represents the harmonized version of three codes, namely, the code of ethics and professionalism in the banking and finance industry, code of banking practice and the professional code of conduct.

    Presenting the new code of conduct to the media in Lagos, the President/Chairman of Council, CIBN, Dr. Segun Aina said the new code emanated as part of efforts and mandate of the institute to further maintain and ensure compliance of banking institutions to the ethical standards and professionalism as well as guarantee the safety and soundness of the nation’s banking industry.

    According to him, the code is expected to enhance the highest level of adherence to good banking practices and a strong commitment to high ethical standards in the banker-customer relationship.

    He note that the provisions of the code is binding on the industry as all operators and regulators made inputs to its development while approval was obtained from the bankers’ committee.

    “The institute also requires its members, as a matter of necessity, to recognize the required responsibilities in the conduct of their businesses and to strictly adhere to the code.

    “The provisions in the code governs the behaviours of both individual and corporate bodies in the banking industry, It also applies to all strata/cadre of employees in the industry whether full time, part time, temporary, contract of in-sourced.