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

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Partnership with the Media

During the year under review, the Institute enjoyed positive publicity through the local and international print and electronic media. Major programmes and events of the Institute such as the Annual General Meeting (AGM); 2013 Investiture; Banking Certificate and ACIB Graduates’ Induction/Prize Awards Day; 7th Banking and Finance Conference; Annual Lecture; 47th Annual Bankers’

Dinner/50th Anniversary Awards & Gala Night and 2013 Annual Seminar on Banking and Allied Matters for Judges were adequately supported and reported by the media.
A media Consultant was engaged for handling all the publicity of the 7th Banking & Finance conference. A press conference for the programme was addressed on 26 July, 2013 by Mr. Godwin Emefiele, HCIB, Group Managing Director/CEO, Zenith

Bank Plc, & Chairman, Consultative Committee on the 7th Banking and Finance Conference.

On the other hand, a World Press Conference was held on Saturday, May 18, 2013 to flag off the 50th Anniversary activities and programmes. The President/Chairman of Council, Dr. Segun Aina, OFR, FCIB addressed the media and used the opportunity to talk about the history of the Chartered Institute of Bankers of Nigeria, its achievements, challenges, and new strategic initiatives and key areas of focus. The event was attended and reported by four (4) electronic (NTA, Channels, STV and MITV) and 21 print media houses.

      1. Press Releases and Interviews

The Institute issued press releases on the sad event of the demise of Chief Samuel Adegbite, OON, FCIB, Past President.

Similarly, press releases were undertaken on the inaugurations of CIBN UK and CIBN Canada Branches.

Apart from the above, the Institute organized media interviews for Dr. Segun Aina, OFR, FCIB, President/Chairman of Council during which he discussed issues relating to the Institute, banking, finance and the economy.

      1. Awards/Honours

The following members and staff of the Institute were honoured during the year under review:

  • Mr. Segun Aina, OFR, FCIB by Achievers University, Owo, Ondo State, with an Honorary Doctorate Degree on December 11, 2013.

  • Dr. Uche Olowu, FCIB, National Treasurer, received his Doctor of Philosophy (Ph.D) in Management, with specialization in Organizational Behaviour from Rivers State University, 13 April, 2013.

  • Mr. Jibril Aku, FCIB by Achievers University, Owo, Ondo State with an Honorary Doctorate Degree on December 11, 2013.

  • Dr. ‘Uju M. Ogubunka, FCIB by Committee of Heads of Bank Operations (CHBO) on February 21, 2013 for his immense contributions to the success of CHBO.

  • He was also honoured with the Fellowship of Professional Excellence Foundation of Nigeria on March 22, 2014.

  • Mrs. Patricia Onyeacholem by Committee of Heads of Bank Operations on February 21, 2014 for active participation in the Committee’s programmes.

We congratulate all the honourees and wish them many more years of distinguished services to the nation.

      1. National Conference

The Institute is among the thirteen (13) professional bodies nominated by the Federal Government of Nigeria along other high powered delegates (492 delegates) drawn from the 36 states and the Federal Capital Territory, political parties, the Civil Societies, ethnic nationalities to participate in the National Conference inaugurated on March 17, 2014 at Abuja. The Institute and the banking industry are being represented by Dr. Segun Aina, OFR, FCIB, President/Chairman of Council. The Institute has set up a Think Tank team and has sought input from relevant stakeholders including banks to ensure effective representation at the three (3) month Conference.

      1. Office Accommodation

The Institute during the year under review provided an office accommodation on the 5th floor of Bankers house for Committee of Chief Compliance Officers of Banks.

      1. Sponsorship of the Institute’s Programmes

The under listed corporate organizations sponsored or co-sponsored some of the Institute’s programmes during the year under review:

Central Bank of Nigeria (CBN)

Nigeria Deposit Insurance Corporation (NDIC)

Abbey Building Society Plc (Now Abbey Mortgage Bank Plc)

Access Bank Plc

Akintola Williams Deloitte

Anchor Insurance Company Limited

Citibank Nigeria Ltd

Diamond Bank Plc

Ecobank Nigeria Ltd

Enterprise Bank Ltd

Fidelity Bank Plc

First Bank of Nigeria Ltd

First City Monument Bank Plc

FSDH Merchant Bank Ltd

GT Bank Plc

HASAL Microfinance Bank Ltd

Heritage Bank Plc

Kakawa Discount House Ltd

Keystone Bank Ltd

Mainstreet Bank Ltd

Nigerian Export-Import Bank

Nigerian National Petroleum Corporation (NNPC)

Safeline Microfinance Bank Ltd

Skye Bank Plc

Stanbic IBTC Bank Plc

Standard Chartered Bank Nigeria Ltd

Sterling Bank Plc


Union Bank of Nigeria Plc

United Bank for Africa Plc

Unity Bank Plc

WAPIC Insurance Plc

Wema Bank Plc

Zenith Bank Plc

We hereby, once again, express our gratitude to the Board, Management and Staff of the organizations.

      1. Advert Placements

During the year under review, the under listed companies placed their corporate adverts in some of the Institute’s programmes: H. Pierson, KKonTech and Samsung Electronic West Africa.
The Institute expresses its gratitude to the Board, Management and staff of the organizations who supported it in various ways during the year.

      1. Special Newspaper Advertisements

The Institute also placed special newspaper advertisements in honour of the following members in the year 2013:

  • HRH Eze Prof. Green .O. Nwankwo, OON, FCIB, Past President on his 80th Birthday.

  • HRH Oba S.A.O. Sule, OON, FCIB, Past President, on his 80th Birthday.

  • Mr. Segun Aina, OFR, FCIB, President/Chairman of Council, the conferment of Honorary Doctorate Degree on him by Achievers University, Owo, Ondo State.


      1. Training Programmes

The National Secretariat Annex, Abuja (NSAA) held the 9th Business Managers’ Roundtable with the theme “International Financial Reporting Standards (IFRS): Implementation Challenges and Resolution Options” on August 27, 2013 at the Reiz Continental Hotel, Abuja with twenty two (22) fee-paying participants drawn from banks, other financial institutions and Government parastatals.

      1. Abuja Property

  • New Landed Property

In order to enhance its continued presence in the Federal Capital Territory of Abuja, as the preferred professional body, the Institute acquired a property at a total cost of one hundred and sixty seven million, seven hundred and thirty eight thousand and five hundred Naira only (N167,738,500), comprising the following:





Cost of the property


5% Agency fees


1.5% Legal fees




The property is located at Plot 184, Asokoro District, No 20. Lord Lugard Street, Asokoro. The Foundation stone laying ceremony of Bankers House, Abuja was performed by the President/Chairman of Council on March 21, 2014. The NSAA provided Secretarial and Logistics support to the Abuja Land Committee that assisted the Institute in identifying and arranging for the purchase of the land.

  • The Old Landed Property

As you may recall, the Institute’s land at Plot 226, Cadastral Zone B05, Utako, Abuja is still under litigation. Our Lawyers are diligently prosecuting the case in court.

In order to resolve the case faster, a Committee (the Abuja Land Committee), of which the GH, National Secretariat Annax, Abuja (NSAA), is the Secretary, has been set up to follow up and ensure positive results.

      1. Membership Drive

Membership drive visits were undertaken to Unity Bank Plc’s Head Office, Abuja, First Bank of Nigeria Plc, Maitama, Nigeria Deposit Insurance Corporation (NDIC); Federal Polytechnic, Nassarawa and Bank Managers’ Forum, Kaduna and Gombe. The National Secretariat Annex, Abuja also played host to the Students of Banking and Finance Department of the Plateau State Polytechnic, Barkin-Ladi, Plateau State.

      1. Election of Nassarawa and Gombe State Branch Officers

During the year under review, National Secretariat Annax, Abuja (NSAA) supervised the election of officers of Nassarawa (on May 30, 2013) and Gombe (on September 25, 2013) State branches.

      1. Inauguration of Branches

Nassarawa State Branch was inaugurated by the President/Chairman of Council on June 7, 2013 while Gombe State Branch was inaugurated on March 28, 2014.

      1. Branch Visits

The National Secretariat Annax, Abuja (NSAA), facilitated the President/Chairman of Council’s visits to FCT Branch from February 22 -23, 2013, Benue State Branch and Plateau State Branch on September 12, 2013 and September 13, 2013 respectively.

      1. Stakeholders’ Engagement and Dialogue

As part of its key responsibilities to liaise with Banks, Federal Government and its Agencies, the National Secretariat Annex, Abuja (NSAA) facilitated engagements and dialogue with personalities among who are listed below:



Date of Engagement & Dialogue


Senator (Dr.) David Mark, GCON, Senate President.

July 9, 2013


Senator Bassey Otu, Chairman, Senate Committee on Banking, Insurance & Other Financial Institutions.

July 9, 2013


Senator Anyim Pius Anyim, GCON, Secretary to the Government of the Federation.

September 9, 2013


Alhaji. Bukar Goni Aji, Head of the Civil Service of the Federation.

September 10, 2013


During the year under review, the Institute’s celebrated its 50th Anniversary with the following activities and programmes:

      1. 50th Anniversary Essay Writing Competition

The Essay Writing Competition was organized for the students of Banking and Finance in tertiary institutions and Student Members of the Institute, to enhance the quality of competencies through continuous professional development. A total of 98 candidates participated in the competition but, following thorough assessment and grading, thirteen (13) candidates were short-listed and invited for interview. After the interview, the following candidates emerged winners:






Alonge, Adedeji Isaac


First Bank of Nigeria Plc


Ogunleye, Oluwatosin


Banking & Fin. Dept, University of Lagos, Nigeria.


Kalu, Ebere Ume


CIBN, Student Member


Okpaefi, Anyanwu Mabel


University of Nigeria, Nsukka, Enugu


Daniel, Holiness Odunayo


Covenant University, Ota


Udeogu, Armet Nkemsinachi


Institute of Management and Technology, Enugu.


Abutu, Jonah


AbuCoop MFB Ltd, Abuja


Ukeje, Kingsley Obinna


Federal Polytechnic, Oko

The candidates received various prize awards. We once again, congratulate them and their institutions.

      1. Scholarship Awards to 50 Outstanding Students

Scholarship Awards were presented to 50 outstanding students on the following basis:

  • Best final year student from the Department of Banking and Finance from each of the twenty one (21) Linkage institutions.

  • The remaining twenty nine (29) candidates were selected from the Student members of the Institute who are currently writing CIBN examinations in all the levels i.e. Certificate in Banking; Foundation; Intermediate; PE I, PE II and PE III.

      1. Bankers’ Walk for Charity & Novelty Matches

The Bankers Walk for Charity and Novelty Football Matches were held on Saturday, November 2, 2013. It was organized by CIBN Lagos State Branch at the instance of and support by the National Secretariat. The Walk commenced from UBA Head Office Building in Marina, Lagos at 8.10 a.m. and terminated at the National Stadium, Surulere, Lagos.

The novelty football matches were organized by the National Secretariat at the National Stadium, Surulere, Lagos, same day. CIBN Union Bank Chapter played against CIBN Fidelity Bank Chapter while the Governing Council locked horns against Association of Professional Women Bankers (APWB).
First Registrars Limited donated the plaques which were presented to the teams that participated in the matches. The two events recorded over 600 participants from Banks and other financial institutions as well as members of the Institute.
It is heart-warming that following the success of the programmes and the benefits, participants requested the Institute to organize similar programmes periodically.

      1. Special Council Session

Special Governing Council Session was held on November 28, 2013 at the Council Chamber of the Institute. Present at the meeting were members of the Governing Council, Founding Fathers, Banking Veterans and Past Registrars/Chief Executives of the Institute.

Awards were presented to the Founding Fathers, Veterans and Past Registrars.

      1. Electronic Documentary of CIBN @ 50

The Institute produced an electronic documentary titled: CIBN Chronicles: A 50th Anniversary Documentary film. The documentary which chronicled the past, present and future of the Institute, was presented during the Special Anniversary Governing Council Meeting held on November 28, 2013. It was subsequently launched at the 47th Annual Bankers Dinner/50th Anniversary Awards & Gala Night, held same day at the Intercontinental Hotel, Victoria Island, Lagos.

      1. Unveiling of CIBN New Products

The Institute produced multiple new products which were unveiled during the 47th Annual Bankers Dinner/50th Anniversary Awards & Gala Night held at the Intercontinental Hotel, Victoria Island, Lagos. The products included Certificate programmes in Mortgage Finance, Human Capital Management, Risk Management, Treasury Management, Finance & Investment Banking; CIBN I-Learn; Online Bookshop; CIBN E-Journal; CIBN I-Care; CIBN Connect and Centre for Financial Studies (CFS).

      1. Thanksgiving Services

Thanksgiving Services were held as follows:

  1. Jumat Services: November 22, 2013

  • Lagos Central Mosque, Nnamdi Azikiwe Street, Lagos

Members of the Institute, who attended the Jumat Service were led by Mr. Yemi Adeola, FCIB, MD/CEO, Sterling Bank Plc. In attendance were Mr. Kola Abdul, FCIB, MD/CEO, Skyfield Savings & Loans, Mr. Wale Adeyemi, FCIB, former Chairman, CIBN Lagos State Branch and over 50 other members of the Institute.

  • Abuja Central Mosque, Abuja

Members of the Institute were led by the Chairman, CIBN FCT Branch & Executive Director, Bank of Agriculture, Mr. B. M. T. Sadiku, FCIB and Secretary of the Branch, Barrister. S. O. Q. Giwa, FCIB. Over 30 other members of the Institute attended the Jumat.


  1. Church Services: November 24, 2013

  • Chapel of Christ the Light, Alausa, Ikeja, Lagos

The 1st Vice President, Otunba (Mrs) ‘Debola Osibogun, FCIB and the National Treasurer, Dr. Uche M. Olowu, FCIB led members of the Institute to the Thanksgiving Church Service. About 120 members were in attendance.

Lady Frances Beckey, MCIB, FCIB, Mrs. Tayo Itseumah, FCIB and Dr. G. O. C. Okenwa, MON, ACIB led over 50 members of the Institute and the Banking Community in Abuja to the Thanksgiving Service held in the Holy Trinity Catholic Church, Maitama, Abuja.

      1. Goodwill Messages

The good news of CIBN’s 50th Anniversary was received with joy and happiness by many individuals, Institutions and organizations across the globe, who sent goodwill messages to the Institute. Notable among them were:

        • Alliance of African Institutes of Bankers(AAIOB),

        • IFS, School of Finance, London

        • Body of Past President, ICAN, Lagos

        • Institute of Bankers, South Africa

        • Zambia Institute of Banking & Financial Services, Lusaka

        • Securities and Exchange Commission, (SEC), Lagos.

        • Egyptian Banking Institute

        • Alhaji Amusa Oladimeji Gbadamosi Otiti, OON, FCIB, Lagos.


Distinguished Members, I am sincerely obliged, for many reasons, the greatness of which may perhaps be that, I will not have opportunity of another Annual General Meeting to, as the Registrar/Chief Executive of your Institute, openly express the depth of my gratitude to you all. In the first instance, you gave me the opportunity to serve you; and in the second, you tenaciously upheld me with your prayers, guided, encouraged, co-operated and supported me during my tenure as your Chief Executive and indeed, since my joining the service of the Institute, over fifteen (15) years ago. How time flies!

Ladies and Gentlemen, you deemed me fit, worthy and reposed a lot of confidence in me to be of service to you and the galaxy of the Institute’s stakeholders. I have played my part and about to leave the stage. What is left, as I step aside very soon, obviously before the next AGM, is history.

I have in many respects benefited immensely from my role-play in the Institute and the banking and finance industry. Not least are the added experiences, exposures, challenges and lessons learnt.

For all of the above and certainly much more, I thank you, all members of our revered Institute, the Founding Fathers and Council Members (inclusive of the President/Chairman of Council and other Office Holders). You individually and collectively took the onerous responsibility of shepharding what is today, The Institute. I remain grateful to you all.

I hereby profusely thank the management and staff of the Institute. We entered the ship of the Institute at a time and have remained steadfastly together till now. We jointly struggled with challenges and any recorded successes were the results of our joint efforts. That the ship is neither on standstill nor on backward movement is an eloquent testimony to your stewardship. As our ship archors temporarily ashore, I step out with good and life-long memories of your overwhealming support, co-operation, loyalty and, most of importantly, tolerance of my obvious weaknesses. I make just one more request of you out of the numerous in the past, that is, that you uphold and take to higher levels the already flying flag of our noble Golden Institute. The successful journey to Centenary is entrusted to and rests in your able hands. I know you are well able to deliver.

Since joining the Institute, Ladies and Gentlemen, I have had the rare privilege and opportunity to work, albeit harmoniously and successfully, with some of the Founding Fathers and very Senior Members of the Institute, eight (8) constituted Governing Councils, eight (8) Presidents/Chairmen, one (1) Registrar/CEO, three (3) Governors and one Ag. Governor of the Central Bank of Nigeria, two (2) Managing Directors/CEOs of Nigeria Deposit Insurance Corporation, numerous Managing Directors/CEOs of Banks and other Financial Institutions, Subsectoral Associations and Committees in the industry as well as local and international organisations, especially the Alliance of African Institutes of Bankers (AAIOB) and World Conference of Banking Institutes (WCBI). I thank you all heartily, for the honour of having me work with you.

As many of you may appreciate, the hand of the Almighty God has remained constant and very visible in all the undertakings of the Institute. In His will have been our accomplishments. I am sincerely and humbly grateful to Him for graces, which include divine direction, guidance, good health, sound mind and peace. To Him be all the Glory!

Finally, giving vote of thanks has become part of me as the Institute has made a professional of me in the regard. That accounts for my seeming high emotion in rendering this aspect of the report. I want to assure you all that I cherish my Life Fellowship of our great Institute and so, I cannot avoid being seen in Bankers House again. Thank you all for being there for me, always. Thank you very much!

Uju M. Ogubunka, Ph.D, FCIB

Registrar/Chief Executive

The Chartered Institute of Bankers of Nigeria

Saturday, May 17, 2014

AGM Report of the Registrar/Chief Executive

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