Lagos CIBN equips members with new skills

Records 31.8% net surplus growth 
The Chartered Institute of Bankers of Nigeria (CIBN), Lagos State branch has said that its expanded educational initiatives and certification courses have equipped members with the skills necessary to navigate the sublime complexities of modern banking, providing them more opportunities for professional development, certification and life-long learning.

The CIBN Lagos branch Chairman, Adeyemo Adeoye, said this in his report during the institute’s 2023 yearly general meeting over the weekend.

He noted that the past year has been marked by significant changes in the banking landscape, driven by technological advancements, regulatory shifts and evolving customer expectations.
While commending members on their resilience and dedication, he said through it all, they have demonstrated an unwavering commitment to professionalism and ethical standards, which are the institute’s cornerstone.

While advocating for a banking sector that prioritises integrity and transparency, describing them as values that are even more important now than ever, Adeoye maintained that its advocacy efforts have been instrumental in promoting the importance of banking ethics and professionalism in the public discourse.

With changes and policies that had happened in the banking industry early in the year, the Lagos CIBN boss urged members to remain vigilant and adaptable as they look into the future, especially with the rapid pace of technological change, which presents both opportunities and challenges.

According to him, the rise of fintech, Artificial Intelligence (AI), and digital currencies are combining to reshape the way businesses are conducted.

He urged that members must embrace these innovations while maintaining a commitment to ethical standards and customers’ trust.

Adeoye said since the administration took over leadership and came up with its strategic theme centred on ‘Keeping the Culture: Leveraging Current Momentum to Drive Growth’, the executives are focused on raising the bars of performance in all spheres, adding that within the year under review, the chapter was able to achieve tremendous success.

Reporting on the chapter’s financials, the institute’s Honourary Treasurer, Nze Robert Nnaji reported that the branch recorded commendable progress, with a 21.9 per cent growth (YoY) in aggregate revenue and 31.8 per cent (YoY) in net surplus, in the year under review, leading to the highest surplus recorded in the last 10 years.

According to him, this is despite the challenges prevalent during the period, even as he expressed hope to continue instead to improve on the feat in subsequent years.