The Chartered Institute of Bankers of Nigeria (CIBN) is the umbrella professional body for bankers in Nigeria.
It was incorporated in 1976 as the Nigerian Institute of Bankers and Chartered in 1990 (now CIBN Act 5 of 2007).
The Principal ResponsibilitiesThese include the determination of the standards of knowledge and skills to be attained by persons seeking to become members of the banking profession, conducting professional examinations leading to the award of certificates and ensuring the furtherance , maintenance and observation of ethical standards and professionalism among practitioners of the banking profession in Nigeria.
Membership
The Institute has corporate and individual members. Corporate members are: The Central Bank of Nigeria, The Nigeria Deposit Insurance Corporation, all Deposit Money Banks, Development Banks, Mortgage Banks, Micro Finance Banks and Discount Houses.
A central feature of the chequered history of the Chartered Institute of Bankers of Nigeria has been the sustained struggle to enthrone professional excellence in the banking industry in Nigeria. This struggle, based essentially on the need to jealously guard, preserve and positively project on the noble profession of banking, which is based on the principle of “Trust and Honesty”, has not been easy considering the numerous problems associated with a developing banking industry and the Nigerian economy in general.
Yet in spite of daunting odds faced in this turbulent journey, it is to the eternal credit of the founding fathers, successive leaders of the Institute, captains of the industry and regulatory bodies, that significant and giant strides have been made within the banking industry.
The history of the Institute dates back to November 28, 1963 when one hundred and twenty four bankers assembled at Randle Hall, Surulere and consequently passed a resolution for the establishment of the Local Centre of the Institute of Bankers, London, in Nigeria with the mandate of promoting banking education in Nigeria and esprit-de-corps among professional bankers.
Thirteen (13) years after being successfully run as a local center and having gained considerable administrative experience and recorded significant success in training and educating its members, the Institute was registered in 1976 as the Nigerian Institute of Bankers, a company limited by guarantee. But it was not until 1977 that it became operational and autonomous. The metamorphosis of the Local Centre into the Nigerian Institute of Bankers represents a story of particular worth in that the attainment of this autonomous status was a fulfillment of a dream long conceived.
Thirteen years of the Institute as a local center, was a period that saw the unflinching loyalty of the early Nigerian bankers to the building of a profession with evergreen offshoots offering shelters to numerous professional bankers.
CHARTERED STATUS
The most significant landmark in the Institute’s history is the attainment of a Chartered Status, achieved on May 18th, 1990 by the Fedreal Government Act No. 12 of 1990. Published in official gazette No. 27 of May 18, 1990, the Decree gives backing to the Institute to control entry into the banking profession set standards for bankers to comply with and maintain professional ethics through sanctions of erring members. The promulgation of this enabling decree is no doubt in recognizing of the untainted records of the legion of successes recorded in the few years of the Institute’s existence.Furthermore, it provides for a change in nomenclature from Nigerian Institute of Bankers to the Chartered Institute of Bankers of Nigeria (CIBN).
VISION STATEMENT
“To be a world-class Institution in banking and finance education, ethics and Professionalism.”
MISSION STATEMENT
“To consolidate and sustain its position as the Self-Regulatory Professional Body in Nigeria promoting Banking and Finance Education , Ethics and Professionalism with global best practices.”
Contact : 01-2703494, 01-4611842
Email us at : [email protected]
Official Website: http://www.cibng.org
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{ 2 comments… read them below or add one }
A student of banking and finance. I wish to regester for the membership and also for Examination, please i want to know much about the centre in west Nigeria and regstratoin money.
As a banking and finance student,how and where do i get a form for registration.Again,it’s important we know the terms conditions attached to it before becoming a member and at wish level in institution(uni,poly,colledge,etc)can one apply.