CIBN accredits ICAN, LBS, 27 others

The Chartered Institute of Bankers of Nigeria has officially presented Certificates of Accreditation to 20 educational training service providers, eight tertiary institutions and one bank academy.

The institute said in a statement that the presentation was in accordance with its mandate as the accreditation agency for the implementation of the Competency Framework.

It 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.

According to the statement, the accredited institutions include the Lagos Business School; the Institute of Chartered Accountant of Nigeria; Ecobank Nigeria Plc; the Chartered Institute of Stockbrokers; Phillips Consulting; Wright & Co Limited; Kainosedge Consulting; Agusto Consulting; IBFC Alliance Limited; Intermarc Consulting; and Lagos School of English and Mathematics.

Others are Adekunle Ajasin University, Ondo State; Abraham Adesanya Polytechnic, Ogun State; Ambrose Alli University, Edo State; Benson Idahosa?University, Edo State; Federal University Of Agriculture, Ogun State; Gombe State University, Gombe; Igbinedion University, Edo State, and Yusuf Maitama Sule University, Kano.

Speaking during the presentation, the CIBN President, Dr Uche Olowu, said the institutions had undergone rigorous processes and scored above the minimum threshold on all the parameters of measurement.

He said apart from addressing competency challenges, the accreditation exercise was to enthrone a minimum standard for practitioners in the industry.

“This accreditation carries a definite tenure. Subsequent renewal would depend on the level of performance and the extent to which parties keep faith with the provisions of the agreement,” Olowu added.

According to him, the institute is in the process of reviewing the curriculum of the Banking and Finance Professional Examinations to ensure that its professionals are equipped for the banking of the future.

Olowu announced that the exposure draft of the curriculum, which was developed by PwC Nigeria, would soon be released for stakeholders’ input.