Tag: Institute

  • Institute, firm sign MOU on membership drive

    The Nigeria Deposit Insurance Corporation (NDIC) has said that it is working on achieving a no policy, no cover policy for the Nigerian financial sector.

    NDIC Managing Director, Umaru Ibrahim said the corporation, HAS included in the ongoing amendments to its Act, a section that will empower it to cover only institutions that have paid their premium.

    He said the implementation of such act, will enable it plug some loopholes and ginger the insured firms to pay their premium promptly.

    He said the Corporation is also working on establishing a ‘Resolution Fund’ that will enable it create more buffers to handle cases, should a bank fail.

    The NDIC covers all deposit taking financial institution licenced by the Central Bank of Nigeria (CBN). These include Deposit Money Banks, Microfinance Banks, Primary Mortgage Banks (PMBs) and Non-Interest Bank. The NDIC currently provides deposit insurance cover to 24 commercial banks, 880 microfinance banks, 77 primary mortgage banks and one Non-Interest Bank.

    Ibrahim explained that NDIC collaborates with the CBN for effective banking supervision, adding that such would protect depositors, foster monetary stability and promote effective and efficient payment system, as well as ensure innovation and competition in the subsector.

    He said the Corporation has for several years, carried out these tasks which have resulted in the   reduction in examination cycles of banks and led to minimal disruptions in the payment system.

    He advised PMBs to adhere to recommended corporate governance practices, based on effective and sustainable risk management practices as instituted by the regulatory authorities.

    “Weak corporate governance and risk management frameworks could result in risky behaviours by PMBs, which could in turn result in the creation of huge toxic assets and ultimately put insured deposits at risk.”

    He lamented that the supervisory authorities were deeply concerned about the build-up of toxic assets of micro finance banks, which stood at about 45.70 per cent as against the prescribed maximum of five per cent, while hinting that the corporation’s attention is now being focused on both Micro Finance Bank and PMB sub-sectors so as to address the emerging challenges.

    He, however, advised that PMBs should be interested in enhanced risk management standards because some mortgage portfolios are on a predominantly variable rate and therefore highly sensitive to interest rate fluctuations.

    He said: “For instance, an increase in interest rate could make mortgage repayment difficult and result in default which may give rise to toxic assets. Furthermore, new mortgages could become less attractive for consumers’ due assets.

    PMBs should be able to assess a consumer’s ability to continue with mortgage repayments in the case of an interest rate rise. A lack of thorough and effective assessments could pose a major risk for many PMBs.”

    Ibrahim stated that the corporation and the CBN were making concerted efforts to ensure that risk management issues in the financial system were continuously addressed via rapidly developing capacity in the implementation of Basel II and III.

    The maximum deposit insurance coverage was increased from its set level of N50,000 at inception to N200,000 in 2006. In 2010, it was further raised to N500,000 for commercial banks.

  • Institute challenges bankers on integrity, best practices

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

    Speaking at the institute’s Graduates’ Induction and Prize Awards in Lagos, she urged bankers to comply with the CIBN code that condemns gratification and bribery.

    “I wish to remind you of some of the things contained in the Code of Conduct in the Nigerian 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 ventures 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,” she said.

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

    This year’s induction, she said, was a record given the large number of 993 student members who passed the qualifying examinations. “This number is the highest in the history of the Institute and it comprises of 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 on completing the professional programmes saying, “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, she said.

    “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 & 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.”

  • Institute holds training on skills development

    Institute holds training on skills development

    Good work ethics, positive attitude, communication skills, team building and creative thinking are some of the skills participants will gain at the 22nd Annual Trainers Conference of the Nigerian Institute of Training and Development (NITAD)which holds from August 22 to 26 at the Rock View Hotel, Wuse, in Abuja.

    Chairman of the Conference Planning Committee, Mr Laolu Oguntuyi said at a briefing in Lagos that these skills are not taught in schools though employers price them high.

    He said participants will learn about these skills and more at the conference which has as theme: Learning and Development: Pre-Requisite to Skills Acquisition and Entrepreneurial Growth.

    In choosing the theme, Oguntuyi added that as an institute focused on life-long learning, NITAD has chosen to address a critical need in the Nigerian economy.

    “Employers nowadays look at soft skills and down play technical skills.  That is why the conference is looking at both soft and hard skills.  We should embrace entrepreneurship.  If we do, we cannot complain of poverty and most of our problems would be solved,” he said while responding to questions by journalists.

    He added: “There is no issue that should be addressed as a matter of urgent national importance than that of skills acquisition.  The importance of skill acquisition cannot be over-emphasised because its role in national development is multi-dimensional.”

    Also speaking, NITAD Registrar, Ms Mofe Akinbanji, said rather than wait for the government to drive skills acquisition and entrepreneurship Nigerians have to provide a platform for youths to learn to gain skills for self reliance.

    She said: “When you talk about skills acquisition and entrepreneurship, it is not about what government will do.  Government has been doing its part – providing money for young people with ideas.  But skills acquisition is about youths getting skills.  There are millions of young graduates who spend years without jobs yet do not have skills.  Going to school and having a degree is not enough.  After that what next?”

    After the conference, NITAD’s first vice president, Rev. Tunde Salawu, said the communiqué would be sent to the Federal Government and heads of the various tertiary institutions.

    Managing directors, vice chancellors, deans, permanent secretaries, principals, teachers, lecturers, students, and others are expected to attend the training.

  • Ministry partners institute on irrigation

    The Minister of Agriculture and Rural Development, Dr Akinwumi  Adesina,  said the Federal Government would soon begin to harness flood water to improve irrigation farming.

    He made this known in Abuja at a workshop on Water Management Solutions for Flood-Recession and Dry Season Agriculture in Nigeria.

    He said the ministry and the International Water Management Institute (IWMI), Colombo, Sri Lanka, would use the flood water to grow agriculture.

    Adesina said dry season farming would go a long way to promote agriculture and enhance food security in the country.

    “This will turn our country’s agriculture sector around and make the country self sufficient in food production, because today, we spend 35 billion dollars a year in importing food.

    “It does not make sense because we can produce all these food items; we should be an exporting country by now and not depending on others to feed us.’’

    He said Africa could truly be free when it starts managing its disasters and turn them into opportunities.

    He added: “Africa can truly be free when we start feeding ourselves and we should do it with pride.

    “The solution to feeding the world is not in Asia or Latin America, but in Africa, because 65 per cent of arable land for feeding the world in 2050 is in Africa.

    “I am so glad that the Federal Government is in support of this project of managing flood tragedy into feeding millions of Nigerians because the flood experience in Nigeria goes beyond the Nigerian borders.”

    Adesina said Africa should look at value chain commodities as pioneered by the Transformation Agenda, which have increased Nigeria’s domestic food production since 2011.

    The Director-General of the institute, Mr Jeremy Bird, said the institute’s objective in Nigeria is to achieve sustainable use of water and land resources.

    “Our goal is to assist the government of Nigeria to increase agricultural production and food security and to enable small-scale farmers to engage in flood recession and dry season agriculture.

    “We are very honoured to play a role in assisting the government of Nigeria to reduce flood risks and increase food production.

    “This will enable small-scale farmers to engage in dry season farming in order to provide food for their families and to partake in agri-business,” he said.

    The institute intends to focus on the sustainable use of water and land resources in developing countries.

    Its objective includes working in partnership with governments, Civil Society Organisations and the private sector to develop scalable agricultural water management solutions.

  • Protest rocks Journalism Institute

    Protest rocks Journalism Institute

    The protest took the management by surprise but students of the Nigerian Institute of Journalism (NIJ) in Ogba, Lagos, were determined to register their displeasure. They protested what they called “abnormal treatment” meted out to their colleagues by the school authorities.

    The protest, which was held in the premises of the institution last Tuesday, followed management’s decision to stop some students from writing their exams because of the damage they caused to the school’s solar panel in March this year.

    The school authority had ordered the affected students to pay N66,389 for the damages, adding that failure to follow the directive could cause them to fail the course and get extra year.

    The affected students were Emmanuel Bassey, National Diploma (ND) II and Michael Okunnu, Higher National Diploma (HND) 1.

    Chairman of the Students’ Representative Council, Matthew Ojebola, described the management’s action as unfair, claiming that it was out of place to treat the students unjustly after paying for maintenance and caution fees.

    The examination, which was to commence 10:00a.m was rescheduled for 3:00p.m as the Provost of the Institute, Mrs Elizabeth Ikem, listened to the demands of the students, allowing the affected students access to write the exam.

  • Institute honours Mukhtar, Adoke, others

    Institute honours Mukhtar, Adoke, others

    The Nigerian Institute of Advanced Legal Studies (NIALS) has honoured Chief Justice , Aloma Miriam Mukhtar, the Attorney-General of the Federation, Mohammed Bello Adoke (SAN) and some its workers

    Justice Mukhtar got the NIALS’ Personality Award, Adoke, the NIALS’ Gold Medal Award for Outstanding Leadership. The Institute’s Legends Award went to all past Directors-General, including Dr. Timothy Aguda (post humously), Prof. Ayo Ajomo, Prof Ignatius Ayua (SAN) and Prof. D.A. Guobadia.

    Long Service Awards went to those who have served the Institute for some years. They are: Mrs. Edunjobi Adebola 1981-till date; Mr. Isedowo Joseph Oludare 1982-till date; Mrs. Laminkara Ufuoma 1985-till date; Ojo Omoniyi Matthew 1985-till date; Mrs Ebone Janet Onos 1985—till date; Mr. Omozokpia Sunday 1987—till date; Mrs. Fajuyibe Veronica Titilayo 1989- till date and Mr. Daniel Hanson Eyo 1989 -till date.

    The Most Innovative Staff Award went to Mr. Hussein Ali while Outstanding Service Award was won by Ms Charity Addingi.

    NIALS’ Oustanding Administrative Staff award was won by Mrs Comfort David-Uma while Best Staff of the year went to Laura Ani; Academic Excellence Award was won by Uche Ngwaba and Most Prolific Research Fellow Award was won by Joke Adediran.

    The Institute’s Director-General, Prof Epiphany Azinge (SAN) in a chat with The Nation, said he was satisfied that the 35th anniversary of the institute was remarkable.

    “I am very very fulfilled and highly satisfied that it turned out to be a very remarkable 35th anniversary of the Institute. We have been able to bring to public domain the activities and achievements of the Institute for the past 35 years; the relevance and continued importance of the institute in the scheme of things in this country and the fact that we have been able to live the dreams of our founding fathers. To a very large extent, we have been able to satisfactorily achieve the mandate prescribed by the law setting up the Institute.

    “We are happy that we have made major breakthroughs in terms of our research. We have been able to build capacity for governments legal officers and other practitioners, who are in private practice. We have been the custodian of the continuing legal education with integrity and the high level of expertise at our disposal that has helped us to train as many people as possible. In terms of legal research, we are obviously miles ahead in the field of socio-legal research we have engaged in. In many and diverse respects we have been able to afford government the opportunity to utilise them in very productive manner,” he said.

    Azinge added: “In terms of the publication of journals, I can say without equivocation or contradiction that we are easily the best in the world, at the last count, we could talk of about 20 Journals, peer review Journals of international standards. Some are the first of their kind anywhere in the world and they are all running and running effectively.

    “We give opportunity to faculties and members in other law faculties, to publish their research findings and make their views known on some of the critical issues in law and development, through our roundtables and policy dialogues. We have remained the focus of academic engineering in terms of law and related disciplines in the sense that we use that forum to explore issues that have not been well exploited hitherto.

    “Our communiqués have been very useful to us and to all the authorities that are interested and we have continued along that line. He said the institute’s public lectures have been used to lead discourse in various areas such as memorial lectures, Diaspora lectures and the public service award lectures. “We made sure that we invited formidable legal scholars and jurists to espouse their opinion on very topical issues. And within Nigeria, we have ensured that our Nigerian scholars have remained engaged. On the whole, we have been able to champion issues that are germane to the development of law in this country,” he said.

    A worker, Prof. Deji Adekunle said: “I feel proud to be a member of this family and also to know that it is an Institute that has built a very strong legacy and there is no doubt that if you look at the past 25 years, the Institute has carved a niche for itself in the country.”

    On what is expected from the Institute in future, Prof. Adekunle said: “We will build on the foundations built by the founding professors.“

    Some of the awardees expressed delight at their awards. One of them, Mrs. Comfort-David Uma said: “I am highly elated, I am happy and greatly encouraged to work harder.

    Another recipient, Adejoke Adediran said: “I feel very very thankful, I feel appreciated and I really feel good. The award will make me perform better. I am not going to rest on my oars, I will definitely perform much better.”

    The best staff of the year, Laura Ani said the award would motivate her to do her best and increase her performance in service delivery.

  • UI, institute to enhance food security

    The University of Ibadan (UI) and the International Institute of Tropical Agriculture (IITA) have expressed their commitment to food security in Nigeria. The agreement was reached during a meeting in the office of the Vice-Chancellor, Prof Isaac Adewole.

    Prof Adewole said both institutions have a common goal of enhancing food security, adding that university is deeply committed to partnerships that would enhance food security. He promised to make funds available to ensure the success of the programme. The Director General of the Institute, Dr Nteranya Sanginga, said IITA would contribute in technical aspect while the University of Ibadan would support in the aspect of training, adding that the programme was intended for the youth.

    Sanginga said that the Institute’s goal was to organise a programme in agro business where youths would be exposed to the opportunities in the sector.

    “This will help to reduce youth unemployment in the country,” Dr Sanginga said.

     

  • Institute partners Cyberspace to enhance legal education

    Institute partners Cyberspace to enhance legal education

    The Nigerian Institute of Advanced Legal Studies (NIALS),  last week at its University of Lagos, Akoka, campus, Lagos  agreed to partner  with a foremost e-learning technology experts, Cyberspace Limited,  for the advancement of legal education.

    Cyberspace demonstrated how  e- learning technology works at the Ayo Ajomo Auditorium, NIALS Lagos campus and at the institute’s library and how to incorporate the library into the virtual learning solution powered by the firm.

    A research fellow at NIALS, Mr. Kelechi Amadi  described the portal as platform for bring people together. He said it represented an education based service point, providing various services related to learners on–line education.

    The platform, according to him, included an interface that enables the learners to locate course contents and perform a mixture of other course related functions. “E- Learning portals or systems are developed to serve both virtual and traditional educational institutions. It aids the assessment of educational curriculum outside the traditional classroom. In most cases it refers to a course, programme or degree delivered online. With technological advancements and the convenience of online learning, e Learning has become a much needed and required addition to learning,” he said.

    Kelechi said the instute, which is the country’s apex institution for research and advanced studies in Law, went into partnership with Cyberspace and developed the online platform in fulfilment of its mandate as the centre for advanced legal research. This, he said, was done in order to continue a tradition of excellence in training knowledgeable, skilled and highly trained legal practitioners.

    He added that it would create an accessible, user friendly web environment to support E- Learning and enable delivery of course materials and testing requirements of Nigerian Institute of Advanced Legal Studies”.

    In a chat, the Director-General  NIALS, Prof. Epiphany Azinge (SAN) said the institute would continue to upgrade and update its facilities with the techniques of teaching that will obviously stand the test of time.

    “We are in a modern era and the only way we can compete favourably with institutions outside this country is for us to do some of the things that obtain outside this country and even better.

    “ It is unfortunate that in Nigeria we don’t have any university among the first 100,  200, or 300. But the challenge is that with little drops of water a lot can be achieved. In the past, we had boasted that we had the best law library in Africa, but that seems to be in the past.

    “And if we continue living in the past, then the future will be bleak for the Institute, so we conceptualised the idea of trying to broaden our horizon and  our catchment area in the sense that more often than not, only people who can find time out of their crowded schedule in the office can find time to be in the Institute for continuing legal education whether in the postgraduate courses or may be trying to look at some specialised courses,” he said.

    The NIALS Director-General said the only way the institute would continue to reach out to its teeming participants or would be participants is to device a means whereby the idea of electronic learning or distance learning would be introduced to effectively capture interested participants from Ghana, the Gambia, Senegal and other people from all parts of the world.

    “Consequently we got in touch with Cyberspace group, who are experts in their own rights and knowledgeable enough, because they had done similar thing for the National Open University and we are trying to drive the process at a cost we consider very affordable and reasonable.

    He said the e-learning was an opportunity for people to avail themselves with.

    “We feel that this is the best thing that will happen to the Institute at this point in time, being able to beam whatever we are doing to all parts of the globe and more importantly,  to Nigerian,  so that people can access what we are doing and at a very cheap rate.

    “They will  know that in the legal community in Nigeria, a lot of work is being done comparable to other places and that  Nigerian lawyers and scholars  will stand their place anywhere in the world,  that we should not be treated as if we are just second class people, but we are as good as the best anywhere, ” he said.

    Cyberspapce Chief Marketing Officer, Mr. Olusola Bankole said the plan was to take NIALS to the global village, adding that since the whole world is now talking about globalisation.

    “Nigeria cannot be an exception. What we are saying is that through this system, we want to make education available to everybody in Nigeria and beyond, we want to make it  accessible, the traditional way of teaching and passing information today is through the four walls of  the classroom,” he said.

    The system, he said, is not about eradicating that method, but to compliment the solution. “It is Indeed, all about accessibility and availability. So in terms of the internet challenge, Nigeria cannot remain what it was, since things are changing now.  We are part  of that change process, thinking ahead of time, using technology to drive education access and availability,” he said.

    On how prospective lawyers can access and benefit from the system, Bankole said: “It is very simple as a student.  Currently the Institute of Advanced Legal Studies has students domiciled only  in Nigeria, what this system will do is to make learning available to students, who are outside the country as well, even within the country, a situation where a student has to fly into Lagos or Abuja or Port Harcourt from Maiduguri to take lectures is unpalatable, the risks are high, the cost is becoming unbearable,  but now right there in your bedroom,  in  your convenience you can log unto the class, read your books, write your tests and get results,” he said.

    On how the library would be part of the  innovation, the Cyberspace Marketing Manager, Mr. Chris Oyesanmi said a platform has been developed for the library and that it is in three components viz: the library automation, management and the e-resources.

    “Right now we have the library automation going on and we have the e- learning platform already, so what we need to do is to create a link from the e-learning platform to link up the library so that from the e-learning platform, you can link up with the library. And the next thing to do is to create a reciprocity server where all the e-books will be stored and the people will have access to them.

    According to him, the e-learning is also a source of revenue. “It is an Internally  Generated Revenue source for the institution where the institution can generate revenue by allowing people to have access to most of their resources,” he said.

    Bankole  listed the benefits of  the solution powered by Cyberspace to include easy creation of educational content; easy and free installation on web hosting solutions; tracking of users results; allowing for methodology improvements; clean interface; letting user focus on learning; synchronous and asynchronous communication channels; many tools allowing for all learning types both visual, audio; practical; serious games; extensive documents management capabilities;  an embedded social networking feature allowing students and users to increase their desire to learn and real-time-controlled examination if required.

    Others are e-learning leverages; Internet advantages; allowing updating; storing; recovering; distributing and sharing of information and training. “Learning is not over when training is finished, environment and relationships assure customers and suppliers that they have chosen the right partner to help them exceed in their objectives,” he said.

     

  • Institute opens online law clinic

    The Nigerian Institute of Advanced Legal Studies (NIALS) has launched an online pro bono law clinic in Lagos.Its Director-General, Prof. Epiphany Azinge (SAN), described the institute as a centre of excellence and a reservoir for legal research and training.

    He said: “That is why today is epochal in the life of the institute as we launch a service that will benefit Nigerians who suffer injustice and grieve in ignorance, because they cannot gain access to legal advice or aid.”

    He said the e-programme would provide free legal assistance to the under privileged.

    “The 2013 United Nations Development Index ranks Nigeria at 153 out of the 186 countries surveyed, with 68 per cent of Nigerians stated to be living below $1.25 USD daily. Also, research conducted by the Public Interest Law Institute (PILI) also suggests that more than 80 per cent of Nigerians cannot access a means of getting quality legal advice in their bid to obtain justice due to poverty and other factors.

    “After questioning and probing these facts, the follow up question is: What can we do about this? How can the apex legal institution for research and learning in Nigeria use its skills and earned expertise to better the life of the common man?” he further said.

    He added that the association was responding to President Goodluck Jonathan’s call to ministries and parastatals to harness the potentials of the internet.

    “In heeding to Mr. President’s call, we have decided to set up our law clinic on the platform of an independent website online; however, this does not exclude the services we will provide by creating a corporeal office-type law clinic in due time,” he added.

     

     

     

     

     

  • Institute urges members to uphold ethics

    The Chartered Institute of Administration has urged new chartered members not to compromise its ideals of integrity, openness, patriotism, hard work and non-partisanship.

    The institute’s President/Chairman of Council Goddy Ibominabo gave this charge at the induction of new members at the Golden Tulip Hotel, FESTAC, Lagos.

    “I am sure that all the inductees of today would readily agree with me that the process leading to their qualification and admission into the professional membership of Chartered Institute of Administration was quite tasking. This is essentially because the institute prides itself with excellence and professionalism, and would like to ensure that those that desire to join its membership are equipped with requisite administrative knowledge and skills to function as professionals. You will be required to apply the skills and knowledge acquired in order to build effective framework in your respective organisations,” he said.

    He said their membership affords them rights to be awarded membership certificate, use the appellation ‘Administrator’ before their name, attend the institute’s conference/annual general meeting, be informed of the institute’s activities, vote and be voted for during elections, use the institute’s library and receive CIA journals and other publication, among others.

    He also told them that they should take advantage of the institute’s Continuous Membership Education and Training (COMET), designed to update the members’ knowledge of administration.

    The institute, which Ibominabo said was established via Act No 103 of 1992 (now Cap C7 LFN 2004) is empowered to regulate the training and practice of administration within professional membership framework throughout Nigeria. He urged state governments to partner with the institute in training their administrative workers as recommended at the All Administrators’ Conference in Abuja earlier.