Report of the registrar/chief executive the chartered institute of bankers of Nigeria (cibn) Saturday, May 17, 2014



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REPORT OF THE REGISTRAR/CHIEF EXECUTIVE

the chartered institute of bankers of Nigeria (cibn)

Saturday, May 17,  2014

introduction
Distinguished Members, I sincerely and warmly welcome you all to the 2013 Annual General Meeting (AGM) of our great and esteemed Institute. I give glory to God Almighty for sparing our lives to witness another Annual General Meeting, where some members will be elected into the Governing Council to undertake the challenging “responsibility for policy and general administration” of the Institute for the next two years.

Ladies and Gentlemen, I am very glad to, at this august and memorable occasion, present this detailed report on the operations and performance of the Institute since our last meeting on May 18, 2013.

The report is presented in seven sections, in the following order: Membership Services; Capacity Building and Certification; Finance and Corporate Services; Learning and Development; Ethics and Professionalism; and the Registrar’s office, including the National Secretariat Annex, Abuja.

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The final section is dedicated to expressing our gratitude and appreciation to the ultimate service of our being and our numerous stakeholders who contributed significantly towards the obvious outstanding successes we recorded in the Golden year of the Institute.



  1. MEMBERSHIP SERVICES

    1. Membership Registration

      1. Individual Membership

A total of seven thousand one hundred and forty eight (7,148) individuals were registered as individual members of the Institute during the year under review. The breakdown is as shown in the table below:


S/N

Categories

Number



Honorary Fellows

6



Honorary Senior Members

128



Student Members

5,811



Ordinary Members

1,203




Total

7,148

The Management of the Institute using different platforms and channels continues to appeal to the management of banks and the regulatory authorities on the need for all their employees to be registered with the Institute, in line with the CIBN Act.


At the end of the year under review, membership of the Institute rose from one hundred and one thousand, two hundred and ninety five (101,295) in 2012 to one hundred and eight thousand, four hundred and forty three (108,443) in 2013. The above achievement is a testimony to the fact that both operators and regulators are in support of the Institute in getting bank staff to register. It is important to note that with the above stated performance, seventy two thousand, seven hundred and thirty one (72,731) out of one hundred and eight thousand, four hundred and forty three (108,443) or 67.1% of members were active. There is however, a lot of room for improvement.
The table below shows statistics on membership by categories as at 31st December, 2013.

S/N

Membership Grade

Total

Active Members

Dormant Members

1.

Fellows

777

601

176

2.

Honorary Fellows

60

50

10

3.

Honorary Senior Members

986

986

-

4.

Associates

4,849

3,466

1,383

5.

Certified Microfinance Bankers

1,342

1,342

-

6.

Students

94,707

61,961

32,746

7.

Ordinary

5,722

4,325

1,397

Total

108,443

72,731

35,712


Source: CIBN Database

      1. Corporate Membership

A total of sixty five (65) Microfinance Banks and one deposit money bank were registered as Corporate members of the Institute and were issued with Certificates of Membership in line with the CIBN Act No 5, 2007.

We seize this opportunity to once again welcome the new individual and corporate members into the CIBN family of professional bankers.



      1. Transition to Glory

It is with great sadness that we report that in course of the year under review, the Institute lost the following members:

  • Mr. Adeboye Taiwo Oniwinde, FCIB

  • Mr. Raymond Uche Iromaka, FCIB



  • Chief Richard Olukole, FCIB

  • Mrs. Adekemi O. Adewale, MCIB

  • Alhaji Muritala Ola Ajayi, ACIB

We equally report that a founding father of the Institute, Alhaji A.O. Otiti, OON, FCIB lost his beloved wife Alhaja Modupe Otiti.

The Following Council members were also bereaved.



  • Chief (Hon) Jethro Akun, MON, lost his beloved wife, Elder (Mrs). Zibia Jethro Akun

  • Mr. Bayo Olugbemi, FCIB, lost his Mother– Mrs. Abigail Adetoro Olugbemi.

Our prayer is that God will grant their transited souls eternal peace and take care of those they left behind.

    1. CIBN Graduates’ Induction and Prize Awards Day

The Graduates’ Induction and Prize Awards Day was held on Saturday, July 6, 2013 at the Harbour Points Event Centre, Victoria Island, Lagos.

The event was chaired by the President /Chairman of Council, Dr. Segun Aina, OFR, FCIB. The Special Guest of Honour, Senator Isa Mohammed Galaudu, FCIB, Vice Chairman, Senate Committee on Banks, Insurance & Other Financial Institutions, National Assembly, Federal Republic of Nigeria gave his remarks, while the Guest Speaker, Mr. Ifeanyichukwu Tobias Nwaoha, HCIB, Ag.Director, Financial Policy & Regulations Department, Central Bank of Nigeria (CBN), who was represented by Mr. Kelvin Amogu, presented a paper on “Implementing Competency Framework in the Nigerian Banking Industry: Issues and Implications”.


At the event also, Prof. Isaac Folorunso Adewole, Vice Chancellor, University of Ibadan, who was represented by Prof. Olawale Ogunkola, Dean, Faculty of Social Sciences, gave the Goodwill Message. Miss Mary Oluwafunke Fakutiju, ACIB and Miss Mercy Ogechi Chukwu, ACIB who were Best Students at previous examinations also shared their experiences with the inductees.
A total of one hundred and sixty two (162) student members who completed their examinations were inducted into Associateship cadre of the Institute, while six hundred and forty two (642) student members who completed the Microfinance Certification Examination (MCE) were inducted as Microfinance Certified Bankers. In addition, thirteen (13) other Student Members completed the Certificate in Banking examinations and were issued certificates. Twenty one (21) of the inductees were awarded prizes for their outstanding performance in the various examinations.

    1. 2013 Annual General Meeting

The Annual General Meeting (AGM) was held on Saturday, May 18, 2013. It was presided over by the President/Chairman of Council, Dr. Segun Aina, OFR, FCIB. At the meeting, the reports of The President/Chairman of Council, National Treasurer, Registrar/Chief Executive, External Auditors and the 2012 Accounts were presented and adopted by a motion from Barrister S.O.Q. Giwa, FCIB and supported by Mr. Ken Opara, FCIB. The reports and accounts were subsequently discussed by members.

    1. 2013 CIBN Investiture

The Investiture where some members were elected Fellows and admitted as Honorary Senior Members was held on August 24, 2013 at the Harbor Point Events Centre, Victoria Island, Lagos. The occasion was chaired by the President/Chairman of Council, Dr. Segun Aina, OFR, FCIB. The Special Guest of Honour, His Excellency, Alhaji Ibrahim Hassan Dankwambo OON, FCIB, Executive Governor of Gombe State, represented by his Senior Special Adviser, Special Duties, Mr. Sajius Kadiri, FCA, addressed the audience.
The Chief Executive Officer, Institute of Bankers, Malaysia, Mr. Tay Kay Luan, the Guest Speaker, presented a paper on “Competency Framework in Banking – The Malaysian Model”.
The high point of the event was the conferment of Fellowship on forty four (44) Associates, award of Honorary Fellowship to six (6) senior members of the banking profession; and award of Honorary Senior Membership to one hundred and thirty two (132) Senior Management Staff of Banks, Financial and Tertiary Institutions.

    1. Mentoring Scheme For Members

The Board of Mentors was inaugurated on October 22, 2013 to oversee the implementation of the mentoring programme in accordance with the approved Mentoring Policy.
The Board has also appointed members into its Screening and Selection Sub-Committee to facilitate the selection, training and matching of mentors and mentees. The software (Relationship Management System – XRM) to support the monitoring programme has been installed.
The Pilot Scheme commenced with twenty (20) Mentors and forty (40) Mentees. It was formally launched by Mr. ‘Laoye Jaiyeola, FCIB, Chairman, Board of Mentors on March 6, 2014 and would run for six (6) months.

    1. Zonal, Branch and Chapter Development

      1. Zonal Offices

At its meeting of November 28, 2013, the Governing Council approved the establishment of the North East and South West Zonal Offices of the Institute in Gombe, Gombe State and Osogbo, Osun State. The Zonal Offices were formally commissioned on March 28, 2014 and May 8, 2014 respectively.

The approval for the relocation of the Northwest Zonal Office from Abuja to Kano was given on June 30, 2013. Efforts are also being intensified to ensure the effective takeoff of Northwest Zonal Office in Kano within year 2014.

In order to enhance service delivery, the Eastern Zonal office was relocated from Aba, Abia State to Owerri, Imo State on August 5, 2013.

The Zonal Offices continued to play their supportive roles to the National Secretariat and the branches. They assisted in the co-ordination of accreditations, linkages with tertiary institutions, seminars and workshops, membership drive and monitoring of the Institute’s examinations.



      1. Branches

Five (5) State Branches held their Annual General Meetings during the year and elected new Officers who are to steer their affairs. The branches are Gombe State, Nassarawa State, Ogun State, Bayelsa State and Rivers State. Nassarawa State Branch and Gombe State Branch were inaugurated in the year under review while impactful visits were made to the following Branches viz: Benue State, Plateau State, Imo State, Gombe State and Cross River State.
Further from the foregoing, the CIBN Canada branch (the Institute’s second overseas Branch) was inaugurated on November 25, 2013 in Toronto, Canada, to enable members in Canada interact under the auspices of the Institute and contribute to its development.

Efforts towards the formation of CIBN USA Branch commenced in the course of year 2013. Indeed, the inaugural meeting of the branch was held and steps are being taken for its inauguration before the end of 2014.

Lastly, the following branches commemorated CIBN @ 50 in their States: Ondo, Benue, APWB, Oyo, Abia, Rivers, Lagos, Osun, Kwara, Plateau, Enugu, Imo, FCT Abuja, CIBN UK and CIBN Canada.
The Association of Professional Women Bankers (APWB), under its “Knowledge Development Initiative” which is part of Mentoring for Growth Project, signed an MOU with the Centre for Entrepreneurship, Federal University of Technology, Akure, on November 13, 2013 to support the aspirations of the students and channel their energies towards becoming successful entrepreneurs.


      1. Chapters

The Chapters continued to intensify their efforts on membership drive and professional development for their members. Activities were also held with modest success, creating a mutually beneficial relationship between the Institute and their various organizations. Notable among the activities are Seminars organized by Union Bank of Nigeria Plc and Fidelity Bank Plc, CIBN Chapters on “Practice License and its Relevance to the Professional Bankers”.

    1. Public Presentation Of Practice License/Seal

The 3rd edition of the presentation of Practice Licenses/Seals was held on Thursday, November 7, 2013 at the Bankers House, Lagos. The programme commenced with a brain- storming session which was meant to improve the technical and ethical competencies of the Licensees. The ceremony was chaired by the President/Chairman of Council, Dr. Segun Aina, OFR, FCIB while the Special Guests of Honour were the Registrar General, Corporate Affairs Commission (CAC) Alhaji Bello Mahmud and a member of the Governing Council of the Institute, Chief Asuquo Ekpeyong, OON, FCIB. The Guest Speaker, Alhaji Kabir Usman, Director General, Centre for Management Development (CMD), presented a paper titled “Practicing to Potential: Challenges and Opportunities”.

Twenty eight (28) members were presented with the Practice Licenses and Seals at the event, which one hundred and twenty seven (127) other members and invited guests attended.




  1. CAPACITY BUILDING AND CERTIFICATION

The Division comprised two functional units: Educational Development Services and Examination Services Units.

    1. Educational Development Services

      1. Review of Regulations and Syllabus for Banking Professional Examinations

The Institute’s Banking Professional Examinations Regulations and Syllabus was reviewed and published during the year. The new regulations and syllabus have been designed to address emerging and contemporary issues within the Banking industry, taking into cognizance identified skill gaps, the Competency Framework for the Nigerian Banking Industry and global best practices.


The official unveiling of the new regulations and syllabus along with five new Certification Programmes in specialized areas formed part of the major events at the 50th Anniversary Awards/Gala Night & 47th Annual Bankers Dinner on November 28, 2013.


      1. New Certification Programmes

In year 2012, the Governing Council approved sixteen (16) new Certification programmes for the Institute. Consequent upon this, in the year under review, syllabus contents were developed for the under listed five (5) Certification Programmes:


      • Risk Management;

      • Treasury Management;

      • Corporate and Investment Banking;

      • Mortgage Finance,

      • Human Capital Management

It is instructive to note that the certification programmes are linked to the flagship ACIB and as such constitutes one of the routes to ACIB.


It is also important to mention that the maiden Risk Management Certification Programme was held from August 26 – 28, 2013 in collaboration with Global Association of Risk Practitioners (GARP). The programme produced the first set of seventeen (17) Certified Risk Professionals (Level 1).


      1. Accreditation of Tertiary Institutions

Accreditation of Banking & Finance programmes in tertiary institutions continued in the year under review. The following Thirteen (13) tertiary institutions (Universities and Polytechnics etc.) offering Banking and Finance programmes were accredited:




  • Ahmadu Bello University, Zaria

  • Bowen University, Iwo

  • Covenant University, Ota




  • National Open University of Nigeria

  • Osun State University, Osogbo

  • University of Ilorin, Ilorin.

  • Adamawa State Polytechnic, Yola

  • Auchi Polytechnic, Auchi

  • Bayelsa College of Arts and Science, Yenagoa

  • Federal Polytechnic, Nekede

  • Federal Polytechnic Offa

  • Federal Polytechnic, Oko

  • Osun State Polytechnic, Iree.




      1. Accreditation of Tuition Centres

During the year gone by, the under listed eighteen (18) Tuition Centres preparing candidates for the Institute’s Associateship and Microfinance Banking examinations were accredited:




  • Abuja Graduate School, Abuja

  • Brighter Future Consulting Services, Ibadan

  • CIBN Tutors Study Centre (CIBN, Abuja Branch), Abuja

  • CIFMAN Polytechnics, Ilaro

  • Comet consulting Education Study Centre, Osogbo

  • Edo-Wyse School of Professional Studies, Awka

  • Financial and Skills Development Training Ltd., Lagos

  • Fixed-Heart International Coaching Centre, Lagos

  • FUTO Consult Limited, Owerri

  • Global Professional International Academy Ltd, Aba

  • Lagos School of Banking & Accountancy, Lagos

  • MS Tutors Limited, Lagos

  • Osun State College of Technology, Esa-Oke

  • ROTAS and Associates, Ilorin

  • Shield Consulting, Kaduna

  • The Institute for Enterprise Development, Ijebu-Ode

  • UNIBEC Training Centre, Ikorodu, Lagos

  • UNIBEN Consultancy Services, Asaba

      1. Bank Academies

During the year, a pre-accreditation visit was made to GT Bank Academy by the Institute’s Accreditation Team and it is our hope that all accreditation formalities would be completed in 2014.





      1. Linkage Programmes

Following the approval of the reports of Accreditation and Linkage visitation team to Universities and Polytechnics by the Governing Council, the Institute in 2013 executed Linkage Memorandum of Understanding (MoU) with (3) Universities and (3) Polytechnics across the country. The schools are:



  • Ahmadu Bello University, Zaria

  • Bowen University, Iwo

  • Covenant University, Ota

  • Federal Polytechnic, Ilaro

  • Federal Polytechnic, Offa

  • Osun State Polytechnic, Iree

More grounds would have been covered on the Linkage Programme, but for the protracted nationwide strike embarked upon by Academic Staff Union of Universities (ASUU) and Academic Staff Union of Polytechnics (ASUP) in course of the year.




      1. Institute’s Endowment Policy

The Institute’s Endowment Policy that has been under review, was finalized and approved by the Governing Council for implementation.

      1. Examiners’ Reports

As part of efforts at ensuring improvement in pass rates in all the Institute’s examinations, Examiners Reports for April and October 2013 were compiled and published. Hard copies and online versions were made available in record time to enhance students’ preparations towards the examinations.


      1. Implementation of Framework and Guidelines for Accreditation of Education/Training Service Providers

The Institute has developed and submitted to the Central Bank of Nigeria, a Framework and Guidelines for Accreditation of Education/Training Service Providers under the Competency Framework for the Banking and Finance Industry in Nigeria. Response from CBN is being awaited.



      1. International Collaborations

  • Bangor University, Wales/Chartered Institute of Bankers, Scotland

The Institute is collaborating with Bangor University, Wales and Chartered Institute of Bankers, Scotland to run the Chartered Banker MBA Programme (CBMBA); a programme that confers 3 certifications - MBA (Bangor), ACIB (Scotland) and ACIB (Nigeria) on successful candidates.
During the year under review, thirty (30) candidates were admitted to undertake the programme. It is imperative to place on record that Nigeria Deposit Insurance Corporation (NDIC) sponsored twenty (20) of her staff on the programme.

On May 7, 2013, the Institute signed a Memorandum of Understanding (MoU) with Global Association of Risk Practitioners, United Kingdom to commence a Risk Management Certification Programme that is enriched with local content.
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