CIBN Crtifies 4000 Microfinance Banks’ Top Officials

No fewer than 4000 management staff of the nation’s microfinance have been certified by the Chartered Institute of Bankers of Nigeria (CIBN).

The move, which is aimed at ensuring that professionals with ethical mindset are found in the country’s financial sector, as well as sanction erring ones, is part of the mandates of CIBN.

It also stepped up capacity building in for banks’ officials in treasury operations, extending its reach to mortgage banking, while it currently has enlisted 45 universities and polytechnics to strengthen financial education in the country.

The President and Chairman of Council, CIBN, Prof. Segun Ajibola, who made the disclosures at World Press Conference to announce the forthcoming World Conference of Banking Institutes, said the institute is collaborating with several local and international bodies to achieve it goals.

He said the institute is saddled with a role in the country’s Financial System Stability 2020, where it has the responsibility of developing qualified professionals to meet the defined standards and attracting talents to Nigeria, hence it has raised its bar in capacity building.

According to him, the institute, by law, is to determine the standards of knowledge and skill to be attained by persons seeking to become members of the banking profession; and the establishment and maintainance of register of members of banking profession in various categories.

It is also to ensure the furtherance, maintainance and observance of ethical standards and professionalism among practitioners of banking in the country.

The CIBN chief said the biennial conference has become a forum that brings together professionals from the financial services industry and stakeholders engaged in banking, education and training to brainstorm on topical sector-issues.

Meanwhile, on the sidelines of the forum, the Global Banking Standards Board (GBEStB), which CIBN is part of its initiators, would be launched with its prospectus, as world’s pacesetter in banking standards.

It would be responsible for developing and promoting global education standards for banking industry, with more than 21 countries already a signatory as founding members.

Former CIBN chief and Chairman of the conference organising committee, Dr. Segun Aina, noted that no fewer than 49 high profile speakers and facilitators across continents, will address issues at the event

He said the conference, which is the 22nd in the series and the first in West Africa, will explore management issues in the financial institutions and its impact on national and global economies.

It will also help to understand the impact of technology and globalization on the financial services sector and how it can be effectively applied to in service delivery for both banks’ customers and banking education/training.

Also, the conference aims to expand participating organisation’s international network and recognition, offer opportunities to explore development collaborations.

Source: Guardian

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