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CIBN donates six lecture halls to banking, finance faculties  

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Chartered Institute of Bankers of Nigeria


The Chartered Institute of Bankers of Nigeria (CIBN) has announced the approval to build mini lecture halls for selected departments of banking and finance of six Nigerian tertiary institutions.
 
This was disclosed at its 2021 yearly general meeting held in Lagos at the weekend. President/Chairman of Council, CIBN, Dr. Bayo Olugbemi, who made the statement at the hybrid meeting, said the proposed halls of 200-seating capacity each would be fully furnished with air conditioners and modern multi-media communication gadgets and donated as legacy projects of the institute.
    
As part of efforts to nurture young talents under the institute’s linkage programme, he said the Council had also approved the introduction of an internship scheme to expose students to industry experience to enhance their employability when they graduate.
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According to him, the Council also approved the development of its landed property in Owerri, Imo State and Osogbo, Osun State to serve the southeast and southwest zones of the institute respectively. He noted that the institute will also be upgrading its facility in Ilorin, Kwara State and constructing its Lagos State permanent secretariat in Lagos.
  
Olugbemi encouraged members and stakeholders to remain steadfast despite the challenges confronting the global economy.
  
The National Treasurer, Oladele Alabi, gave the financial highlights of the institute in 2020, saying it ended the fiscal year with an operating surplus of N570.27 million representing a decrease of 0.6 per cent compared with N535.49 million recorded in 2019. 
  
He said that the initially approved net operating surplus budget was N535.49 million but was reviewed downward to N316.17 million and approved by the Governing Council due to the uncertainty occasioned by the COVID-19 pandemic.
  
Kayode Sunmola of Moore Stephens RoseWater, the external auditors of the institute, said the financial position of the CIBN was in agreement with the book of account while the Chairman of the CIBN Audit Committee, Babatunde Oduwaye, confirmed that the accounting and reporting policies of the institute were in accordance with legal requirements and ethical practices.

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