The Chartered Institute of Bankers of Nigeria (CIBN) has officially presented Certificates of Accreditation to more 20 Educational Training Service Providers (ETSP), 8 Tertiary Institutions and one Bank Academy. The presentation was in accordance with its role as the Accreditation Agency for the implementation of the Competency Framework which was released as part of the strategy to redirect the banking industry towards the path of entrenching a sequenced competency development programme to build capacity for the stability of the financial system.
The Institutions included Lagos Business School (LBS); Institute of Chartered Accountant of Nigeria (ICAN); Ecobank Nigeria Plc; Chartered Institute of Stockbrokers (CIS); Phillips Consulting; Wright & Co Ltd; Kainosedge Consulting; Augusto Consulting; IBFC Alliance Ltd; Intermarc Consulting; Lagos School of English and Mathematics (LASEM).
Others are: Adekunle Ajasin University, Ondo State; Abraham Adesanya Polytechnic, Ogun State; Ambrose Alli University ,Edo State; Benson Idahosa University, Edo State; Federal University Of Agriculture, Ogun State; Gombe State University, Gombe; Igbinedion University, Edo State and Yusuf Maitama Sule University, Kano.
Speaking during the presentation, the CIBN President, Dr Olowu said the Institutions had undergone rigorous processes and scored above the minimum threshold on all the parameters of measurement. He stressed that apart from addressing competency challenges, the accreditation exercise was to enthrone a minimum standard for practitioners in the industry.
He added, “This accreditation carries a definite tenure. Subsequent renewal would depend on the level of performance and the extent to which parties keep faith with the provisions of the Agreement.”
He equally informed the gathering that the Institute was in the process of reviewing the Curriculum of the Banking and Finance Professional Examinations to ensure that its professionals are equipped for the banking of the future. Dr. Olowu announced that the exposure draft of the Curriculum which was developed by PWC Nigeria, a multinational consulting firm would soon be released for stakeholders input.
In addition, he said as part of the efforts toward promoting ethical conduct and enhancing integrity in the banking sector, the Institute in collaboration with the Sub-Committee of Bankers Committee and Industry Standards had commenced an Ethics Compliance Certification Programmee for the staff of all banks.
The CIBN President reiterated that the Institute would continue to play an effective role in capacity building as well as the promotion of ethics and professionalism in the Financial Services Industry which are the core mandate of the Institute.
The Chairman, CIBN Capacity Building and Certification Committee, Mr. Abdulrahman Yinusa, FCIB stated that many institutions had applied but “only few scales through” because of the rigours of the process. He added, “Whatever you are seeing here is that we had already separated the wheat from chaff. Only those who have scored above the minimum approved standard are presented.”