CIBN Accredits 2 Bank Academies, 26 Educational Training Service Providers

The Chartered Institute of Bankers of Nigeria (CIBN), on Tuesday in Lagos, presented Certificates of Accreditation to 26 more Educational Training Service Providers (ETSPs) and two Bank Academies.
The Head, Corporate Communication and External Relations, Mr Nelson Olagundoye, said in a statement that the presentation was in accordance with the institute’s role as the Accreditation Agency for the implementation of the Competency Framework.
He said the framework was released as part of the strategy to redirect the banking industry towards the path of entrenching a sequenced competency development programme, to build capacity for the stability of the financial system.
Speaking during the presentation, the CIBN President, Mr Bayo Olugbemi said the event marked another significant milestone in the annals of the Institute.
Olugbemi said the institute’s continued quest for the strengthening of the intellectual resources and capabilities of the human capital in the banking and finance industry were clearly noticeable.
He said that the certificates presented to two bank academies and ETSPs brought the total number of institutions under the programme to 19 Bank Academies, 75 Educational Training Service Providers, 69 Solicited Accreditation and Six Unsolicited Accreditation.
Olugbemi said the accreditation would enable graduates to be eligible for generous exemptions from some subjects in the banking professional examinations, as well as facilitate their early completion of the programme.
“I am excited to inform you that one of the Institutions accredited is the Central Bank of Nigeria Learning Centre, a very famous Bank Examiners Course. The apex bank subjecting its Learning Centre and Banking Examiners Course to the process undoubtedly serves as a beacon in the right direction; setting the pace for others yet to comply with the provisions of the Competency Framework to do so without delay”.
According to him, this accreditation is an affirmation that the organisations have adopted and complied with the required standards.
He said: ”The organisations scored above the minimum threshold on all the parameters of measurement, as a result, gained a label of recognition, mark of quality and distinction”.
Olugbemi commended the Bank Academies and ETSPs for their commitment, dedication and professionalism evident by the time, energy and scarce resource employed toward attaining their current standards.
The CIBN President also said that the Institute had recently reviewed and standardised its Banking Professional Examination and Certification Programmes Syllabus, in line with the global best practices.
He noted that the new syllabus would greatly revolutionize banking and Finance education, not only in Nigeria, but the whole of Africa.
Olugbemi said that the Institute would continually play its role in the deepening of requisite knowledge as well as further entrenchment of ethics and professionalism in the Financial Services Industry.
The CIBN President said that the Institute would continue to collaborate with CBN and the Bankers’ Committee Sub-Committee on Competency and Industry Standards, on the implementation of the Competency Framework for the good of the Industry.
He promised it would not rest on its oars until a crop of banking professionals that are knowledgeable, skilled and competent to develop and deliver acceptable services to the banking public were groomed.
The accredited Institutions include Central Bank of Nigeria Learning Centre, Heritage Bank Academy; CrownAgent UK; B. Adedipe Associates Limited; and Chartered Institute for Securities and Investments (CISI), United Kingdom.
Others are the Nigerian Stock Exchange X Academy; Mactay Consulting Limited; Knowledge Beyond Limited; Brideswell Consulting Limited; Ultravantage Solutions ; EdgeEcution Global Resources Limited and Katalyst Consulting
Michael Stevens Consulting; NLP Nigeria Limited; Procept Associates Professional Services Limited; Don Mitchell & Co Limited; Bode Zakari Management Consultants; Success for ALL Limited; Edcof Educational Services Limited and Kloverharris Limited were also accredited.
Participants at the event include Mr Jude Monye, Executive Director, Heritage Bank Plc; Mr. Thompson Friday, Deputy Director, Banking Supervision Department, CBN; Mrs Bode Zakari, Managing Consultant; and Bode Zakari Management Consultants.