The Compliance Institute Nigeria (CIN) has reaffirmed its commitment to foster a culture of compliance and governance across Nigeria through youth engagement.

This was announced during its eighth yearly induction ceremony event, which welcomed 665 new compliance professionals (DCP) as well as the induction of new associates and fellows.

CIN President, Pattison Boleigha, highlighted the institute’s mission to bridge the compliance knowledge gap and promote ethical practices in Nigeria’s financial and non-financial sectors.

“CIN was established to close the compliance capacity gap and strengthen the culture of integrity across Nigeria and Africa,” he said.

According to him, since the institute’s inception, it has grown to over 5,156 members, with a target to surpass 8,000 members by 2025.

He called on professionals across industries, including telecommunications, oil and gas, and capital markets, to join CIN in advancing compliance practices.

Boleigha emphasised the importance of youth involvement in compliance, citing the need to address global challenges related to financial crimes and governance.

“Nigeria and Africa can be better if we fix our culture of compliance and governance,” he said, urging youths to embrace the compliance profession as a means of fostering societal orderliness.

He announced plans to expand the institute’s influence internationally and deepen sector-specific compliance expertise.

The president urged members to contribute actively by developing educational modules and participating in training initiatives.

He also encouraged inductees to uphold CIN’s values of integrity, professionalism, and ethical conduct, stating, “Let your dedication in the workplace reflect the standards of CIN. Strive to distinguish yourselves as exemplary compliance professionals.”

Chief Operating Officer of the Nigerian Financial Intelligence Unit (NFIU), Bashir Babagana, who represented the NFIU Chief Executive Officer, Hafsat Bakari, pledged the unit’s support for CIN.

He described the collaboration as critical in strengthening Nigeria’s financial compliance systems and reiterated efforts to remove Nigeria from the Financial Action Task Force (FATF) grey list by early 2025.

He acknowledged the importance of a robust compliance framework in ensuring the safety and credibility of the financial system.