The Chartered Institute for Securities & Investment (CISI) and the Chartered Institute of Bankers of Nigeria (CIBN) have announced their commitment to work together to develop professionalism in the Nigerian financial services market.
The agreement between the CISI and the CIBN was witnessed by the Lord Mayor of the City of London Alderman Alan Yarrow, Chartered FCSI(Hon) during his official visit to Nigeria this month.
Both organisations have agreed to promote professionalism in the sector through qualifications, professional body membership and subscribing to a Code of Conduct. CISI discounted membership rates will also be offered to CIBN members.
To mark the launch of the partnership Mr Kevin Moore, Chartered MCSI and CISI Global Business Development Director presented the CISI’s Integrity At Work seminar* to CIBN members and supporters in Lagos on 7th October.
This interactive workshop explores real-life ethical challenges experienced in the financial services workplace. Attendees are offered the opportunity to vote during the presentation by using individual, real-time, voting machines to indicate how they would respond if they were faced with the challenges.
Mr Kevin Moore, CISI’s Global Business Development Director said: “We are delighted to be working with the CIBN to promote professional development in our sector through qualifications and industry standards. CISI has over 100 active members here in Nigeria who are benefiting from our online continuing professional development programmes. This makes Nigeria most significant international membership hubs outside of the UK.
“Professional qualifications are an important mark of excellence for candidate career development, providing an edge in the globally competitive financial services jobs market.
” The words of the CIBN Chairman, Mrs Debola Osibogun FCIB during her election acceptance speech are particularly relevant in this respect:
‘The integrity in the Banking industry has over time been put into question. Banks have been typically accused of a singular focus on the generation of improved returns and increased profitability, without regard for the need to maintain the moral license to operate. It is imperative for us as a professional body to continuously address the orgy of unethical practices which has eroded the public trust and confidence in the banking industry today.’ ”