CIBN strengthens regulatory ties for ethics, professionalism
24 August 2016 |
3:30 am
The Chartered Institute of Bankers of Nigeria (CIBN) said it is strengthening is collaborations with the financial system regulators to enthrone a regime of ethical and professional practice.
Prof. Segun Ajibola, a Deacon, is the 19th President and Chairman of Council of the Chartered Institute of Bankers of Nigeria.
The Chartered Institute of Bankers of Nigeria (CIBN) said it is strengthening is collaborations with the financial system regulators to enthrone a regime of ethical and professional practice.
The move by the institute, particularly aimed at implementing the Competency Framework in the banking industry at the moment, has conscientiously drawn together the regulatory bodies in the banking industry- the Central Bank of Nigeria, Nigeria Deposit Insurance Corporation and the Bankers Committee.Competency Framework, introduced in 2012, is to specify the minimum competencies for job roles, career paths and cutting edge training programmes to ensure effectiveness.
The President of CIBN, Prof. Segun Ajibola, made the disclosure at the 2016 CIBN Graduates’ Induction and Prize Awards Day, in Lagos.He said the institute, in discharging its role as the accreditation agency, has so far certified 40 tertiary institutions and seven banks’ academies, while the others, as well as training service providers are currently at different stages of accreditation.
The accreditation, he said, was to ensure that these institutions have the right capacity to deliver training programmes that meet the required learning objectives.
Again, CIBN recently introduced new examinations in the specialized area of risk management in collaboration with the Risk Management Association of Nigeria (RIMAN).
Meanwhile, CIBN has honoured 812 of its outstanding student members, whose performances in the preceding year’s banking professional and other certification examinations were described as exceptional.Of the number, 21 were Chartered Banker MBA graduates; 160 Associate graduates; 583 Microfinance Certified Professionals; and 55 Diploma graduates.
“Your education does not end here. Indeed, a new vista has been opened to you in the never ending quest for knowledge expected to prepare and provide you with the professional edge in today’s competitive labour market. “Professional banking qualification provides the foundation for many different career routes and opportunities for various post qualification progression.
“This is designed to equip holders with the knowledge, skills, competencies and attitude required to function effectively in both the public and private sectors of the economy as employees or employers of labour.“You should strive to be hardworking, creative, innovative, professional, ethical, and have the courage to seize opportunities,” he said.
He also warned that while there is cause for rejoicing, there is also need to realize the enormity of the responsibility that are now entrusted on them.“You should henceforth exhibit a high degree of moral rectitude, ethics and professionalism in the discharge of your duties. You must at all times abide by and observe the Code of Conduct in the Nigerian banking industry,” Ajibola said.
The don lamented over the crisis currently bedeviling the country’s education sector, describing it as a major cause for concern since it is considered as the bedrock of sustainable development and key to economic prosperity and vital instrument for combating diseases and tackling poverty.
“While the institute commends the ongoing initiatives aimed at reforming the sector, we reiterate our earlier call on the Federal Government to hasten the establishment of an Education Development Bank, which will provide the needed funds for the sector,” he said.
He said that CIBN’s drive to continue to improve on value addition to the banking industry and the economy at large under his watch, he would pursue religiously his “7Cs Mandate.”
The mandate, which he said touches on every aspect of professional life includes capacity building; certification; codification; constructive engagements; communication; creativity; and consolidation.
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