Report of the Registrar/Chief Executive

In 2017, the activities of the Institute advanced to an Development (CCPD) & E-Learning Division 1.0 INTRODUCTION enviable pedestal, in pursuant of the attainment of its ·The Registrar's Office Distinguished Members, I sincerely and warmly strategic objectives. Despite the recession in the ·CIBN Subsidiaries. welcome you all to the 2018 Annual General Meeting national economy for five consecutive quarters up till (AGM) of our revered Institute. The 2018 AGM is very the first quarter of 2017, your Institute remained afloat 2.0 MEMBERSHIP SERVICES DIVISION significant in many ways; first, it is the first time that and fulfilled all its financial obligations. Although it was election is held offsite and seventy-two (72) hours not an easy task to achieve, all hands were on deck to 2.1 Membership Registration before the AGM. Second, this is also the first time the propel the Institute to an enviable height. The Institute The Institute has two categories of membership, that investiture of the new President/Chairman of Council weathered the storm with remarkable achievements is, Corporate and Individual members. and the inauguration of new officers will be held on a during the year and I am therefore, pleased to present different date and outside the Bankers House. I to you the report of the different Divisions and Units for sincerely and wholeheartedly appreciate everyone the year under review. 2.1.1 Individuals who participated in the online voting which ended few The report is divided into the following sections: The membership of the Institute grew from 120,629 to hours ago. ·Membership Services Division 124,212 representing an increase of 2.97%. The The Institute continues to live up to the expectation of additional 3,583 members were registered into the ·Capacity Building and Certification Division its members and various stakeholders, as its various categories as follows: performance has grown in leaps and bounds since the ·Finance & Corporate Services Division ·Honorary Fellows - 11 year 2015 despite the challenges in banking and ·Learning and Development Division ·Honorary Senior Members - 71 finance sector in particular and the national economy ·Ethics and Professionalism Division ·Student Members - 2,754 in general. ·Compulsory Continuing Professional ·Ordinary Members - 747 20 Report of the Registrar/Chief Executive

However, it is important to mention that during the I hereby wish to use this medium to welcome all our Polytechnic, Usman Danfodio University Sokoto year under review, a total of 119 Associates were new members both individual and corporate cadres and Ahmadu Bello University Zaria. invested as Fellows; 280 Student Members qualified into the CIBN family. as Associates while 680 Student Members qualified North East Zonal Office: as Microfinance Certified Bankers. The figures do not 1.1. Zonal, Branch and Chapter Development ·Coordinated the establishment of a new tuition have impact on number of newly registered members. centre in Gombe State University 2.2.1 Zonal Offices ·Organised a CCPD Programme in Gombe for The Management continued to work with the banks, It gives me a great pleasure to report that all our Zonal linkage Institutions, regulatory authorities, sub- offices continued to perform their strategic roles in the Microfinance Institutions. sectorial associations and other stakeholders in the provision of support to the National Secretariat ·Registered 3 newly established Microfinance banking and finance industry, in a bid to attract new through the coordination of accreditation, Banks and staff as corporate and individual members. In addition, strategies developed to ACIB/HND/Degree Linkage with tertiary Institutions, members respectively. encourage membership renewal during the year paid marketing of the Institute's products, attraction of ·Initiated discussions with University of off as some dormant members re-activated their subscription, membership drive, coordination of Maiduguri, Moddibbo Adama University of membership status. The total membership strength of stakeholders engagements outside Lagos and Technology Yola, Gombe State University and the Institute as at December 31, 2017 is as shown in ensuring that the services of the Institute are available Federal University Kashere for ACIB/Degree the table below: to all members in their various regions. programme in the zone. S/N Membership Active Dormant Total The Zonal offices recorded the following ·Coordinated quarterly branch meetings in Grade Members Members achievements: Gombe, Yobe, Borno and Adamawa Branches 1. Fellows 1,131 160 1,291 North West Zonal Office: for grass root participation. 2. Honorary Senior Members 1,309 1 1,310 ·Establishment of Jigawa and 3. Associates 4,119 1,177 5,296 Katsina State Branches South East Zonal Office: 4. Microfinance Certified 4,014 - 4,014 ·Inauguration of Branch Executive ·Conducted Annual General Meeting/Elections of 5. Students 71,034 32,557 103,591 Executives for Branches in Rivers State, Enugu 6. Ordinary 7,313 1,397 8,710 members in Jigawa, and Kano State, Akwa Ibom State, Anambra State and Total 88,920 35,292 124,212 States, while interim leaders were appointed for Katsina state. Cross Rivers State. ·Coordinated the 2017 Annual Dinner/Lecture for 2.1.2 Corporate ·Registered 17 Microfinance Banks as Corporate Delta, Enugu and Rivers State Branches. The number of corporate members enjoyed a boost in Members of the Institute. the year with the addition of thirty four (34) ·Established a mini bookshop at the zonal office. ·Coordinated the In-plant training for Ecobank Microfinance Banks fully registered and issued ·Delivered career talks to students of Ahmadu Staff on 'Corporate Governance, Risk Certificates of Membership in line with the CIBN Act Bello University Zaria, Kaduna Polytechnic and Management and Compliance: Overcoming the No 5 of 2007. This brings the total number of Kano State Polytechnic and adressed students of Challenges' at the Ecobank, Circular Road registered Microfinance Banks to 397. One of the Banking and Finance, Bayero University Kano branch, Port Harcourt, Rivers State. newly registered money deposit banks, SunTrust during their Graduation Dinner and Award Night. ·Organized two CCPD Programmes for Micro Bank Plc also registered with the Institute during the Finance Institutions in the zone. year and was issued Membership Certificate. ·Inaugurated ACIB/HND/ND/MBF linkage committees in Kano State Polytechnic, Waziri ·Coordinated the Accreditation visits for the Umaru Federal Polytechnic Birnin-Kebbi, Kaduna ACIB/B.Sc/HND Degree Linkage Partnership 21 Report of the Registrar/Chief Executive

with Imo State Polytechnic Owerri, Imo State; 2.2 Branches A milestone was recorded at the 2017 Pre-AGM and Ken Saro-Wiiwa Polytechnic, Bori, River State; 2.3.1 State Branches Annual General Meeting where all the branches Fourteen (14) State Branches held their Annual were well represented. University of Uyo, Akwa-Ibom State and Niger General Meetings during the year and elected new Delta University, Bayelsa State. Officers to steer their affairs. The branches are 2.3.2 Foreign Branches ·Held Career Talks for students and staff of Imo Rivers State, Enugu State, Akwa Ibom State, The United Kingdom, Canada and USA Branches State University, University of Port Harcourt; Anambra State, Cross Rivers State, Kwara State, continued to wax stronger, improving on their value Nnamdi Azikiwe University, Awka; Oyo State, Ekiti State, Ogun State, Lagos State, addition to the Institute. The branches had regular Chukwumeka Odumegwu Ojukwu Unversity, Kano State, Jigawa State, Delta State and membership meetings and participated in the Igbariam, Anambra State; University of Nigeria, Association of Professional Women Bankers activities of the Institute. During the year under Enugu State; Niger Delta University, Bayelsa (APWB). review, members of the USA and UK Branches State; University of Uyo, Akwa-Ibom State; participated in the 2017 CIBN Investiture and the It is noteworthy that the President/Chairman of Entrepreneurship Development Programme University of Calabar, Cross Rivers State; Ken Council, Professor Segun Ajibola, FCIB met with (EDP)/Public Presentation of Practice Saro-Wiwa Polytechnic, Bori Rivers State; Abia stakeholders in Ekiti State, Gombe State, Bauchi License/Seal held on Friday, October 6, 2017 at State Polytechnic, Aba, Abia State; Abia State State, Bayelsa State; Edo State, Plateau State; Delta Ijewere Hall, Bankers House, Victoria Island, University, Uturu, Micheal Okpara University, State, Akwa Ibom State, Ondo State, Lagos State, Lagos. Umudike, Umuahia; Enugu State University of Kano State, Kaduna State and Jigawa State. Science and Technology; Godfrey Okoye 2.4 Branch and Stakeholders Awards University Enugu State and University of Port In the same vein, the following branches held their Sequel to the innovation brought into the Branch and Harcourt, Rivers State. Annual Bankers Dinner/Nights, which were all well Stakeholders Award, which facilitated the attended by notable stakeholders in each State: introduction of specialty/niche Awards, the second South West Zonal Office: Delta State, Enugu State, Rivers State, Lagos edition of the Awards were presented to the winners ·Conducted Annual General Meetings States, Ondo State, Kano State, Kaduna State and during the 2017 Graduates Induction and Prize Association of Professional Women Bankers (AGM)/Elections of Officers, and reconstituted Awards Day. The Awards are as follows: (APWB). Executive Committees in CIBN State branches i) Best Branch in Membership Drive ii) Best Branch in the Organization of Activities & in Kwara, Oyo, Ekiti and Ogun States. The branches also continued to drive membership Functions; ·Facilitated the Inaugural Annual Bankers enrolment, reactivation of dormant membership, iii) Best Branch in the Organization of Presidential Forum for the CIBN Kwara State Branch career counselling for young people whilst providing Stakeholder Engagements; ·Registered 2 Microfinance Banks as corporate social platforms for members and other iv) Chief Samuel I. Adegbite Branch Performance members. stakeholders. In addition, the branch engaged in Award for Best Overall Branch; ·Facilitated the Accreditation of the Obafemi other gainful activities such as: v) Best Chapter; Awolowo Univeristy for the MBA/ACIB Linkage ·Seminars and tutorial Classes for candidates vi) Best Linkage Institution; Programme sitting for the Institute's Examinations. vii) Best Bank Academy; ·Career talks in Secondary and tertiary ·Facilitated the signing of the ACIB/Degree/HND viii) Best Supportive Microfinance Bank; Institutions ix) Best Branch in Revenue Generation and memorandum of understanding (MOU) ·Health talks/ Walk for fitness x) Best Supportive Mortgage Bank who gave agreements with Ekiti State University, Ado ·Public Lectures significant support to the Institute each year, Ekiti. over the years 22 Report of the Registrar/Chief Executive

Some of the criteria for the awards include the following: The Guest Speaker, Mr. Olabode Agusto, MFR, ·Membership Registration (number in year under review) Founder, Agusto & Co Limited delivered an inspiring ·Number of Staff/Student Members up to date in the payment of annual subscription presentation on the theme of the Induction ·Number of Staff/Student Members writing the Institute's examinations “Entrepreneurship Mind-set: A Critical Success Factor st ·Number of Members who have completed the Institute's examinations for the 21 Century Professional” while the Special ·Support to the National Secretariat (via attendance of members at events (Training Programmes/Annual Guest of Honour, Chief (Mrs.) Eniola Fadayomi, MFR, Conference/AGM/Annual Dinner/Investiture) FIoD, Chairman, Africa Prudential Plc also gave Special Remarks. Table: 2017 Branch and Stakeholders Awards Winners S/N Award Category 1ST Plac e 2nd Place 3rd Place Alhaji Umaru Ibrahim, mni, FCIB, Managing 1. Best Branch in Membership CIBN Lagos Branch As sociation of Professional CIBN Rivers State Director/Chief Executive Officer, Nigeria Deposit Drive in the Year 2017 Women Bankers (APWB) Bran ch Insurance Corporation (NDIC) who gave the induction rremark, focused on the dynamism of the banking 2. Best Branch in Organization of CIBN Lagos Branch As sociation of Professional CIBN Rivers State profession and the need for the inductees to embrace Activities & Functions in the Women Bankers (APWB) Bran ch continuous learning and personal development. He Year 2017 3. Best Branch in Organization of CIBN Plateau State CIBN Bayelsa State Branch CIBN Ekiti State harped on the need for long lasting relationship and

Presidential Stakeholder Branch Branch collaborative partnership between the NDIC and Engagements in the Year 2017 CIBN. Alhaji Umaru emphasised on the need to pay 4. Overall Best Branch in the Year CIBN Lagos Branch Association of Professional CIBN Rivers State greater attention to issues such as financial literacy, 2017 W omen Bankers (APWB) Branch consumer protection, sustainability and innovative 5. Best C hapter in the Year 2017 Fidelity Bank Chapter - - financial services solutions, such as mobile money, 6. Best Linkage Institution in the The Polytechnic, Lag os S tate Polytechnic Covenant U niversity agency banking, virtual currency, which must be Year 2017 Ibadan (LASPOTECH) harnessed and integrated into the financial services 7. Best Bank Ac ademy in the Year Access Bank School First Academy (First Ban k) Zenith Learning industry. 2017 of Banking Excellence Centr e (Zenith Bank) The high point of the event was the conferment of the 8. Best Supportive Microfinance LAPO Microfinance NPF Microfinance Bank Accion Microfinan ce status of Associateship on 238 and 42 graduates who Bank Bank Ba nk completed the ACIB and Chartered Banker MBA Examinations respectively. Microfinance Certified 2.5 Group Life Assurance for Members Banker was conferred on 690 graduates who The families of two professional members of the Institute who were called to eternal glory within the period under completed the Microfinance Certification Programme review, were paid the sum assured of N1,000,000.00 each under the Group Life Assurance scheme for while Diploma in Banking Certificate was conferred on professional members of the Institute. The late members are: 69 graduates who completed the Diploma Level. ·Late Mrs. Esther Ugah, FCIB Some of the Inductees were presented with prizes for ·Late Dr. (Mrs.) Adeyinka Olawanle Sokefun their outstanding performances in the examinations under the various Awards endowed by the Governing 2.6 2017 CIBN Graduates' Induction and Prize Award Day Council and some notable members of the Institute. A The 2017 CIBN Graduates' Induction and Prize Awards Day was held on Saturday, August 26, 2017 at Harbour total of 1,412 persons attended the induction Point Event Centre, Plot 3 & 4, Wilmot Point Road, Off Ahmadu Bello Way, Victoria Island, Lagos. ceremony. 23 Report of the Registrar/Chief Executive

2.7 2017 CIBN Investiture The high point of the event was the conferment of held on Friday, October 6, 2017 at Ijewere Hall, Bankers The 2017 CIBN Investiture was held on Saturday, Fellowship on One Hundred and Nineteen (119) House. Detials of the Guest Speakers, theme and sub- October 28, 2017 at Harbour Point, Victoria Island, Associates and Honorary Fellowship on Eleven (11) themes at the programme are contained in the table Lagos. The Guest Speaker, Mr Amine Mati, Senior distinguished personalities namely: below: Resident Representative & Mission Chief for S/N THEME AND SUB-THEMES SPEAKERS Nigeria, African Department, International ·Dr. Okwu Joseph Nnanna, Deputy Governor, Central Monetary Fund (IMF) delivered a presentation on 1 Theme Mr. Ernest Ebi, MFR, FCIB Bank of Nigeria; the theme of the investiture “Coherent Set of The Role of Creativity Chairman, Fidelity Bank ·Mr. Milton Weeks, HCIB, Executive Governor, Central and Innovation in Policies for Greater Exchange Rate Flexibility” Plc/Former Deputy Bank of Liberia; Entrepreneurship Governor, CBN while The Special Guest of Honour, Dr. Okechukwu ·Mr. Nnamdi Okonkwo, HCIB, MD/CEO, Fidelity Bank Development E. Enelamah, Honorable Minister of Industry, Trade Plc; 2 Sub-Theme 1 Mr. Waheed Olagunju & Investment, ably represented by Mr. Kayode SMEs Financing/Ac cessing Executive Director, Bank of Pitan, Managing Director/CEO, Bank of Industry ·Mrs. Agnes Tokunbo Martins, HCIB, Director, OFISD, Bank Loans: Issues and Industry Central Bank of Nigeria; Practical Solutions delivered the special remarks. 3 Sub-Theme 2 Mr. Jay Alabraba ·Dr. Abiodun Adedipe, Chief Consultant, B. Adedipe Associates Limited; Leveraging on Innovative Co-Founder, Pagatech Professor Segun Ajibola, Ph.D, FCIB, President Payment Systems/F intech Nigeria Limited and Chairman of Council who was the Chairman of ·Mrs. Yvonne Uzo Isichei, HCIB, Former ED, Keystone for Growing SMEs the ooccasion, gave the welcome address. He Bank Ltd; welcomed the dignitaries and gave an overview of The highlight of the Programme was the Public ·Mr. Kunle Oyinloye, HCIB, MD/CEO, Infrastructure the Institute's Investiture. He noted that the 2017 Bank Plc; Presentation of the Practice Licence and Seal to 58 (fifty Investiture was unique as eleven (11) eminent eight) Licensees whose applications were approved by ·Dr. Tunji Sobodu, Managing Director/CEO, Dove & personalities (one of the highest in the Institute's the Governing Council while a total number of 279 history), were being honoured with the Honorary Brooks Group; persons (Professional Members- FCIBs, HCIBs, Fellowship of the Institute. He stressed that the ·Dr. Oladimeji Alo, Non-Executive Director, ACIBs and MCIBs) participated in the programme. It is recipients had contributed immensely to the growth Development Bank of Nigeria; instructive to mention that two members from CIBN, USA of the banking and finance industry and other allied ·Mr. Akin Dawodu, HCIB; MD/CEO, Citibank Nigeria Branch were among the Licensees. sectors both within and outside Nigeria. He used Ltd; the opportunity to welcome Mr. Milton Alvin Weeks, ·Mr. Philip Ikeazor, HCIB, Former MD/CEO, Keystone 2.9 Transition to Glory FCIB, former MD/CEO, Stanbic IBTC Bank Ltd., Bank Limited. With total submission to the will of Almighty God, we Nigeria, now Executive Governor, Central Bank of In addition, seventy one (71) Senior Management Staff of report the passing on to glory of a member of the Institute. Liberia who was one of the Honorees at the event. Banks and other Financial Institutions as well as Senior He informed the gathering that it was the first time Lecturers in Tertiary Institutions were invested as Honorary S/N NAME MEMBERSHIP STATUS AGE CIBN would be electing someone from outside the Senior Members of the Institute. The event attracted 781 NUMBER shores of Nigeria into the Honorary Fellowship persons in attendance. 1 Chief Matthew Ibitayo F247 FCIB 62 cadre. Omotoso, FCIB 2.8 2017 Entrepreneurship Development He implored the audience to pay rapt attention to P r o g r a m m e / P u b l i c P r e s e n t a t i o n o f the Speaker's presentation and concluded that the Practice Licence We pray that the Almighty God grants his soul eternal rest Institute would continue to pursue its core mandate The Entrepreneurship Development Programme and give the family the fortitude to bear the irreparable of building capacity for the industry. (EDP)/Public Presentation of Practice Licence/Seal was lose. 24 Report of the Registrar/Chief Executive

3.0 CAPACITY BUILDING & CERTIFICATION DIVISION 3.1 Educational Development Services 3.1.1 Accreditation of Tuition Centres, Microfinance Training Service Providers and Educational Training Services Providers We continued with efforts to expand the number of Tuition centres, Microfinance Training Service Providers and Educational Training Service Providers accredited during the year for the purpose of preparing candidates for the flagship ACIB (Chartered Banker) and certification examinations.

1.1.1.1 Tuition Centres and Microfinance Training Service Providers

S/N INSTITUTION 1 Aries Associates Ltd, Keffi, Nassarawa State 6 Leading Edge Business School, Abuja 2 DIO Educational Services Ltd, Lagos 7 Malbas Konsult Ltd, Kano State 3 Emma Sam Favour Consulting Ltd, Nnewi, Anambra State 8 Onitsha Business School, Onitsha, Anambra State 4 Gombe State University Tuition Centre, Gombe, Gombe State 9 Smart Assist Innovative Solutions, Anambra State

5 Guane Enterprises, Delta Management Tutorial, Warri, Delta State 10 STP Consult, Akungba, Ondo State

1.1.1.2 Educational Training Service Provide rs (ETSPs ) S/N INSTITUTION 1 3T Impex Consulting L td 11 Michael Stevens Consulti ng Ltd 2 Autusbridge Consulting L td 12 NDACKSON & Compa ny Ltd 3 Datapro Lt d 13 Nigeria Inter-Bank Settlement System (N IBSS) 4 Dex Nova Consulting L td 14 Poise Niger ia Ltd 5 H. Pierson Associates L td 15 Resource Intermediari es Ltd 6 HR Indexx Lt d 16 Richardson Oil & Ga s Ltd 7 IBFC Alliance Limite d 17 Sages & Scribs Consu ltants 8 Ijewere & Compan y 18 Strategy & Leadership Development Consulting Limited 9 Leadership & Vision L td 19 Tabs and Icon Consulting L imited 10 Live Your Dreams Consultin g 20 Workforce Management Centre L imited

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3 . 1 . 2 B a n k A c a d e m y R o u t e t o exemptions to be examined in a few subjects President/Chairman of Council, Professor Segun Qualifying for the (ACIB) Chartered and qualify as professional bankers(ACIB). Ajibola, Ph.D., FCIB and a Workshop was held for Banker the Heads of Human Resources of Banks to The drive to produce more competent workforce exchange ideas and make input on the best and highly qualified professionals for the banking ·Bank Academy Route: For the graduates of approach to ensuring a hitch free implementation industry assume a new dimension as more staff of Accredited Bank Academies to enjoy in their respective organizations. banks and students members explored the generous exemptions in the Institute's following six (6) routes to banking professional banking professional examinations to qualify qualification (ACIB): Since the commencement of implementation in as professional bankers (ACIB). June 2017 six (6) bank academies and twenty (20) ·Traditional/Regular Route: For the holders ETSPS have been accredited while two (2) other Specifically, the Bank Academy Route became of the institute's Certification in Banking, bank academies and fifteen (15) ETSPs are in the more popular as an additional six (6) Academies process of being accredited. HND/Degree as well as recognized were accredited and approved by Governing professional qualifications. Council, bringing the total number to fifteen (15). Also, an assessment of the Staff of Banks to ·Linkage Programme Route: For the The newly accredited Academies whose curricula ascertain their skills gaps and determine training graduates of banking and finance of a had been reviewed and aligned to that of the partnering Institution to be examined in a few banking professional examinations are as follows: requirements is being undertaken. subjects in the institute's banking ·Fidelity Crest Academy professional examinations to qualify as Meanwhile, a delegation of the Institute had ·Keystone Bank Academy professional bankers (ACIB). undertaken study tours of British Accreditation ·Skye Business School ·Practitioners Route: For the practitioners Council (BAC) and Chartered Banker Institute ·Stanbic IBTC Blue Academy who have spent not less than 10 years and (CBI) to understudy the bodies' accreditation ·Union Bank Learning Academy have attained a minimum of manager grade models to leverage on their experience to ·Wema Purple Academy effectively discharge its mandate of implementing with relevant academic/professional the Competency Framework in the Nigerian qualifications to be examined in a few The accreditation allows for the exemption of the Banking industry. subjects and qualify as professional bankers graduates of the Academies from a minimum of (ACIB). eight (8) subjects out of a total of nineteen (19) in 3.1.4 Exemptions ·Chartered Banker Route: For candidates the banking professional examination. There was a slight improvement in the request for who go through Bangor University, Bangor, exemptions from 945 in 2016 to 1082 in 2017. It is It is worthy to note that exemptions have also been expected that this would continue to increase in Chartered Banker MBA Programme extended to all the graduates of the Academy prior (CBMBA) to graduate with 3 qualifications to the Accreditation of the Institution. view of execution of more Linkage Agreements simultaneously i.e MBA Bangor, ACIB with tertiary Institutions, policy of extending the Nigeria and ACIB Scotland. 3.1.3 Competency Framework programme to Accounting, Business ·Certification Route: For candidates who The implementation of the Competency Administration, Economics and Marketing courses of the Faculty of Management and Social Sciences successfuly complete the relevant Framework formally commenced during the year under review. To herald the implementation, a and Accreditation of more Bank Academies. Certification Programmes to enjoy Press Conference was addressed by the 26 Report of the Registrar/Chief Executive

3.1.5 Curriculum Development Policy a n d ·Ekiti State University, Ekiti State 3.2 Examiners Report The efforts at improving the pass rate in the Institute's Process ·Federal Polytechnic, Ado Ekiti, Ekiti State professional examinations continued with the prompt During the year under review, the Governing Council ·Imo State Polytechnic, Umuagwo Ohaji, Owerri, publication of the Examiners' Reports for April and approved a Curriculum Development Policy and Imo State. October 2017 Banking Professional and Process that clearly articulate the policies and ·Ken Saro-Wiwa Polytechnic, Bori, Port Microfinance Certification Examinations which were processes for the educational activities of the Harcourt. Rivers State. made available online to support the students' Institute. The Document spelt out policy statements preparations for the examinations. ·Kwara State University, Ilorin, Kwara State which would guide the development of the ·Lead City University, Ibadan, Oyo State curriculum, duration of Curriculum, roles and 3.2.3 Examiners Report Niger Delta University, Bayelsa State responsibilities of the key stakeholders in the value · The efforts at improving the pass rate in the Institute's chain and the guide for viability Assessment study of ·Rivers State University of Science & professional examinations continued with the prompt publication of the Examiners' Reports for April and the Programme Development Life cycle. Technology, Port-Harcourt, Rivers State ·University of Uyo, Uyo, Akwa Ibom State October 2017 Banking Professional and In all, a total of fifty-three (53) institutions have been Microfinance Certification Examinations which were 3 . 1 . 6 M i c r o f i n a n c e C e r t i f i c a t i o n made available online to support the students' linked to the Institute's Professional Development Programme (MCP) preparations for the examinations. The Curriculum and Learning opportunities of the programmes. Microfinance Certification Programme was reviewed 3.2.4 New Certification Programmes During the year the Governing Council approved the As roles continue to be more specialized in the to reflect the evolving trends in the Microfinance Linkage arrangement to be extended to cover banking industry, more certifications are introduced Subsector. The highlights of the new curriculum are departments of Accounting, Economics, Business to facilitate the career progression of members. In the integration of non-bank Microfinance Institutions Administration and Marketing Departments of view of this, four (4) new Certification Programmes, and introduction of elective courses. The Curriculum Partnering Institutions. In addition, it was approved were approved by the Governing Council as follows: has been approved to commence effectively April that the undergraduates from these Departments in ·Basic Banking Operations, 2019. the concerned Institutions could commence writing of the examinations while in school. In the same ·Small & Medium Sized Enterprises (SMEs) 3.2 Linkage Programmes light, Lecturers in Banking and Finance departments Finance There are two variants of this Programme; the in the Linkage Institutions with first degree in Banking ·Certification in French Language for Bankers ACIB/MBA/MSc Banking & Finance and ACIB/ & Finance had been granted same level of ·Loan Processing and Documentation in exemptions given to graduates of such Institutions Bsc/ HND Banking & Finance. These are as follows: collaboration with Nigeria Bar Associarion regardless of dates of qualification (NBA) 3.2.1 A C I B / B S c / H N D B a n k i n g & 3.1.2 ACIB/MSc Banking and Finance Finance This variant of the Linkage Programme has The following agreements were entered into for Postgraduate Studies: continued to blossom as ten (10) additional INSTITUTION PROGRAMME ACIB/BSc/HND Linkage agreements were executed Afe Babalola University, Ado Ekiti, Ekiti State MSc Banking & Finance/ACIB Programme with the following Tertiary Institutions during the year Ekiti State University, Ekiti State MSc Banking & Finance/ACIB Programme under review: Lead City University · MBA/ACIB Programme ·Al-Hikmah University, Ilorin, Kwara State. · MSc Banking & Finance/ACIB Programme

27 Report of the Registrar/Chief Executive

Meanwhile, arrangements have been finalized for In another effort at further strengthening the ·International Finance Corporation (IFC) on the commencement of Deposit Insurance System Certification Programme and deepening knowledge Sustainable Banking Certification Programme Certification Programme in collaboration with in the mortgage/ housing subsector, a stakeholders In the same vein, the Institute is collaborating with Nigeria Deposit Insurance Corporation (NDIC) from meeting was held with Central Bank of Nigeria, the International Finance Corporation (IFC) for a October 2018 diet. The Study Packs for the subjects Centre for Housing, University of Lagos and Mortage Certification Programme in Sustainable Banking. of the Programme had been reviewed while Train- Banking Association of Nigeria (MBAN). To this end, a 3-day working meeting/training was the-Trainers to build capacity of those to be involved in providing tuition has been stated for June 2018. 3.2.7 Strategic Collaborations/ held during the year to deep dive into ACIB Partnerships Syllabus and agree on the scope of the 3.2.5 Certified Risk Managers Certification I t i s g l a d d e n i n g t o n o t e t h a t t h e Curriculum and modules to be developed for Examination (CRM) collaborations/partnerships have continued to wax integration into the four (4) core courses of the I am pleased to report that the Certified Risk stronger in the year under review. These are: banking professional examination to ensure all Managers Certification Programme in collaboration students go through them and as a standalone with Risk Managers Association of Nigeria (RIMAN) ·Chartered Institute of Management Certification Programme on Sustainable recorded more patronage as a total of one hundred Accountants ( CIMA) Banking. and seventy (170) candidates sat for the One of the high point of the year was the examination during the year. partnership with the Chartered Institute of ·International Institute of Non-Interest Banking, It is worthy to note that a total of fifteen (15) Management Accountants (CIMA), UK (now the (IIIBF) Bayero University, Kano candidates completed the Programme in 2017. Association of International Certified Lastly, the Institute executed an agreement with Meanwhile, the Governing Council had approved Professional Accountants (AICPA) which offered the International Institute of Non-Interest Banking that all graduates of the Certified Risk Managers generous exemptions to graduates of the CIBN to and Finance (IIIBF), Bayero University, Kano for (CRM) Certification Programme, irrespective of their write few subjects to become Chartered a joint Certification Programme on Non-Interest qualifications be granted exemptions in all Diploma Management Accountants. Banking. subjects and Principles and Practices of Risk To ensure the maximization of the collaboration, 3.2.8 The Chartered Banker MBA Management (an elective in the Chartered Banker the Governing Council approved for student Level). The patronage of this Programme has continued to members to write more than one (1) elective in grow in popularity attracting Senior Management 3.2.6 Mortgage Finance Certification the Banking Professional Examinations staff of banks and other Financial Institutions. In the Programme preferably in Financial Planning & Control and course of the year, more Financial Institutions The enrolment for this certification programme is still Principles & Practice of Risk Management. This explored the opportunity of the Programme to ensure far below expectation. But engagement had been would enable them to sit for only two (2) papers to compliance of their Senior Management staff with held with the Mortgage Banking Association of qualify as Chartered Global Management the Competency Framework in the Nigerian Banking Nigeria (MBAN) towards the improvement of Accountants (CGMA). In addition, the same Industry. participation. The Association had assured of its approval had been extended to members who Also, as part of the process of infusing local content readiness to work with the Institute to ensure that the qualified pre-2014 to write these two (2) electives into the Programme, the Governing Council Certification received acceptability among the as Single Subject Certificates to enjoy the approved that all candidates admitted from Nigeria practitioners in the sector. benefit. would write a well-researched Term Paper on

28 Report of the Registrar/Chief Executive contemporary issues/subject in the Nigerian Banking 3.3.3 CIBN Examination in Centre in Ghana 3.3.7 Production of Study Packs and Financial System to be approved and graded by I am happy to inform you that the Examination of the History was made during the year with the publication the both the University and Institute from April 2018 Institute will be taking place in Ghana to cater for the of Five (5) Study Packs to aid the students in their which has been agreed for implementation to Student members residing in Ghana preparation for the banking professional commence with the Autumn student intake in April examinations. The Study Packs are in the underlisted 2018. 3.3.4 Enrolment of Candidates in the subjects: Meanwhile, to further realise the objective of the Banking Professional Examinations partnership, the Agreement between the two Enrolments by candidates for the Banking - Banking Law, Ethics and Corporate institutions has been renewed and executed for Professional Examinations and Certifications, Governance improved in the year under review reflecting an another two years. - Bank Lending and Credit Administration increasing drive for professionalism in the banking industry. - Practice of Banking 3.3 Examination Services - International Trade and Finance 3.3.1 CIBN Examination in The Gambia A total of 4,693 candidates enrolled for Associateship - Quantitative Techniques The April and October 2017 diets of the Banking and other Certifications in the year as against 4,470 in Professional Examinations of the Institute were as year 2016. It is also on record that 235 candidates 3.3.8 M a n a g e m e n t o f E x a m i n a t i o n s usual successfully held in The Gambia. Thanks to the completed the ACIB Banking Professional Misconduct combined the efforts of the Gambia Bankers Examinations, the highest in 10 years while 413 A total of six (6) candidates were involved in Association and the Central Bank of the Gambia, completed the Microfinance Certification Programme. Examination Misconduct during the year under enrolment by candidates has continued to increase steadily. review. They were sanctioned as approved by the 3.3.5 Implementation of Computer Based Governing Council in line with the provisions of the Testing (CBT) Examinations Regulations and Syllabus for the Banking It is worthy of note that twelve (12) of the candidates During the course of the year, the Institute took a Professional Examinations.unethical and successfully completed the examinations in 2017. strategic step to administering its examinations using This makes a total of 14 candidates who have the Computer Based Testing Platform. This was unprofessional infractions between banks and their graduated since the examination commenced in the successfully piloted during the October 2017 Diet customers. country. Another issue worthy of note is that one of the Examinations with the Certified Risk Managers candidates from the country won the best graduating (CRM) programme at the two centres, viz: Lagos and students in Banking Law, Ethics and Corporate Abuja. Governance Award at the 2017 ACIB Graduates' Induction and Prize Awards Day. The full implementation of the initiative has been scheduled to commence in April 2018 Diet 3.3.2 Establishment of CIBN Examinations Examinations. in Liberia and Sierra Leone Following the visit of the President/Chairman of 3.3.6 Review of Examiners Council to Liberia and Sierra Leone, arrangements During the year, the Institute's Examiners were have been finalized for the commencement of the reviewed with the aim of guaranteeing the quality and Institute's examinations in the countries from April 2018. standards of the banking Professional Examinations and Certifications.

29 Report of the Registrar/Chief Executive

4.0 FINANCE AND CORPORATE SERVICES 4.2.2 Renovation of CIBN Yaba Annex 4.2.5 Revaluation of the Bankers House 4.1. FINANCE The comprehensive renovation of the Yaba Annex The Valuation of the Bankers House in order to 4.1.1 The statutory returns were appropriately filed building was completed and was re-commissioned reflect current market realities has been completed. with relevant Government Agencies- Tax as the CIBN Learning Centre on December 19, 2017 Authorities, Pension Fund Administrators, by Barrister Abdur-Raheem Adebayo Shittu, 4.3 HUMAN RESOURCES Nigeria Social Insurance Trust Fund and Honourable Minister of Communications. The library 4.3.1 Employee Recruitment and Resignation others. was named “Alhaji A.O.G Otiti Library” in honour of At the end of 2017, the Institute had a total of Eight Alhaji A.O.G. Otiti, FCIB, Past President and doyen Three (83) permanent staff complemented by 4.1.2 The Annual Development Fund and Corporate of banking in Nigeria, for his immense contributions Twenty-Seven (27) outsourced personnel and Three Subscription due from corporate members was to the banking industry. The commissioning was part (3) National Youth Service Corp (NYSC) members N475.72 for the year but N470.36 (99%) was of the events held to celebrate his 90th Birthday. . paid. The payment was received mostly in the ØEmployee Recruitment first quarter of the year and that increased our The next phase which is the equipping and furnishing Identified areas of human capital gaps were portfolio of investible funds. of the Learning Centre is expected to be completed closed to ensure optimal workforce efficiency to 4.1.3 Table (Annual Development Fund and soon, enable the Institute to meet its operational Corporate Subscription) requirements. One (1) middle management 4.2.3 Relocation of staff, Twenty-two (22) officers at entry level and Two (2) Outsourced staff for Kano and Gombe Table (Annu al Development Fund and Corporate Subscription) CIBN Press Zonal offices were engaged in the course of the Balance As part of strategy to return the CIBN Press to winning year. Amount Due Amount Paid Outstanding ways, The Board of the ØResignation S/N CLASSES N N N CIBN Press approved the Two (2) middle management staff and one (1) Regulators & Deposit senior officer voluntarily resigned their 1 Money Banks 460,000,000.00 460,000,000.00 - relocation of the Press to W i l l i a m s O b a s a n y a appointments with the Institute. Ø 2 Development Banks 7,500,000.00 6,000,000.00 1,500,000.00 Pavilion, 4 Araromi Street, Retirement Primary Mortgage Okesuna Shomolu from After a meritorious service period of 24 years 3 Banks 1,200,000.00 1,200,000.00 - their previous location at 7, and 3months, Mrs. Rukayatu Yusuf, Deputy Turton Street, Yaba. This is Director, Learning & Development Division 4 Microfinance Banks 7,020,000.00 3,160,000.00 3,860,000.00 to position them for retired from the services of the Institute in March 2017. TOTAL 475,720,000.00 470,360,000.00 5,360,000.00 enhanced performance which has started paying off. ØRecognition and Reward Some members of staff who served as 4.2.4 Development of CIBN Lands at Owerri, organizing committee members with strong 4.2 ADMINISTRATION Osogbo and Ado-Ekiti commitment, dedication, professionalism and 4.2.1 Renovation of CIBNCFS (4th Floor It gives me a great delight to inform you that the endless hours of work to ensure the successful Bankers House) Institute has commenced the development of its hosting of the biennial 22nd World Conference The renovation of the CFS Wing (Data & Voice cabling, lands at Owerri, Osogbo and Ado-Ekiti with the of Banking Institutes (WCBI) held in April 24 – Fire Alarm System installation & Refurbishment of construction of perimeter fencing of the land in the 28, 201 were rewarded by Office Holders. One furniture) has been completed after the unfortunate fire three locations. (1) staff member was promoted while four (4) incident of 2016 and the wing is currently in full use. staff members received merit increment. 30 Report of the Registrar/Chief Executive

ØConfirmation held on June 12, 2017 for Heads of Strategy 4.3.6 Health Insurance The appointments of fourteen (14) staff were Business Divisions/Departments. The HOD'S Staff of the Institute continue to enjoy the benefits of the confirmed on completion of their probation were exposed to 'The Four Disciplines of Health Insurance Scheme through various network of periods. hospitals under the HMO plan for all members of staff Execution' and how they could develop focused and their dependents relatives. Members of Staff were ØStaff Promotion Wildly Important Goals to help create value also given periodic Health Talk and Wellness Checks Based on the result of 2017 staff Performance addition in their respective business facilitated by representatives of the Institute's HMO Appraisal, twelve (12) staff who performed Divisions/Units. provider. exceptionally well were promoted. Other staff that did very well were awarded merit 4.3.3 Productivity Bonus For Staff 4.3.7 Group Life and Personal Accident increments in their emoluments. In appreciation of excellent performance during the The Insurance Scheme, Group Life and Personal Also, some staff were re-deployed to various year under review, staff despite all the tough Accident for members of staff were renewed for all units/departments in line with the strategic plan members of staff during the course of the year. business environment and economic challenges, the for career progression. Office Holders and Governing Council 4.3.8 Industrial Relations S/N Old Grade New Number magnanimously approved the payment of ASSBIFI Grade of Staff Productivity Bonus to all staff. Two (2) Management Staff of the Institute participated in 1 Manager Senior 1 the programme of the Association of Senior Staff of Manager 4.3.4 Staff Welfare Banks and Insurance and Financial Institutions Monthly Happy Hour & Annual Staff Party (ASSIBIFI) in January 2017. 2 Deputy Manager 3 ·The monthly programme christened HAPPY Manager HOUR meant for staff to unwind and relax was 4.4 CORPORATE SOCIAL RESPONSIBILITY 3 Officer I Assistant 4 regularly held on the last Friday of every month. (CSR) Manager The wooden bookshelves, reading tables and chairs 4 Officer II Officer 1 4 ·The staff end of the year party tagged “Groove previously in the Library were donated to Igbobi College Uncensored” which was an avenue for the staff, and the furniture was presented to the College by the 4.3.2 Staff Training & Development ex staff and members of their families to interact President/Chairman of Council and members of the Staffs were scheduled for local and overseas and felicitate with each other in the spirit of the CIBN Management Team on August 1, 2017. courses suitable for their development in 2017, 65% yuletide season was held on December 20, 4.5 BANKING MUSEUM of the Institute workforce were sent on external 2017. It is my pleasure to inform you that the Governing trainings during the course of the year. 4.3.5 Best Staff Award Council during its meeting held on December 1, 2017 An Officer I staff with Finance Department, Mrs. had approved the conversion of the space on the ground The other trainings included a Fire Drill training floor of the Bankers House, Victoria Island, Lagos as the Seun Ikutiminu won the best staff award for the year held on March 17, 2017 for members of staff and location for the gallery of Banking Museum. The theme other occupiers of the Bankers House. Staff 2017. The best staff award was introduced to for the Museum is “Evolution of Banking in Nigeria”. In were also exposed to a classroom lecture and encourage staff members to aim at exceptional the light of this, we appeal to all our members and practical session during the fire drill exercise. performance in all assigned responsibilities. stakeholders to support the initiative by donating Also, a Workshop on Strategy Execution was artefacts and other relevant materials to the Museum. 31 Report of the Registrar/Chief Executive

5.0 LEARNING AND DEVELOPMENT It was well attended by delegates from the public The four Parallel/Interactive Sessions were on 5.1 Programmes and private sectors of the economy within Nigeria Technology, Payment Systems, Regulations and and from 33 other countries including the United 5.1.1 2017 Annual Lecture Artificial Intelligence/Block Chain. States of America (USA), United Kingdom (UK), The Division organized the 2017 Annual Canada, Australia, Singapore, Netherlands, South Lecture held on Thursday, June 15, 2017 at the Africa, The Gambia, Ghana, Kenya, Zambia, Egypt, The Conference was wrapped up with a tour in the Ijewere Hall of the Bankers House with the South Korea, South Sudan, India, New Zealand, convoy of five (5) coaster buses with adequate security, theme National Integration, Citizenship and the France, Sierra Leone, Mongolia and Liberia. to the prestigious Presidential Library of former Challenge of Economic Policy Making. In President Olusegun Obasanjo, GCFR at Abeokuta on attendance were three hundred and forty (340) The event also had in attendance some Royal Thursday, April 27, 2017. About 96 participants (foreign dignitaries from the banking Industry, Fathers including Oba Adeyeye Enitan Ogunwusi, and local) participated in the tour. government and academia. Ojaja II, Ooni of Ife; Igwe Nnaemeka Alfred Achebe, CFR, mni, Obi of Onitsha; Oba Rilwan Bababtunde The delegates toured the Olusegun Obasanjo The Welcome Address was given by the Osuolale Aremu Akiolu, CON, Oba of Lagos; Oba Presidential Library in groups and were addressed by President/Chairman of Council, Professor Oladipupo James Kolade (Oluwademilade 1), His Excellency, the Former President of Nigeria, Chief Segun Ajibola, Ph.D, FCIB. Mr. Aigboje Aig- Olupoti of Ipoti-Ekiti and Oba Kayode Kupolokun, Olusegun Obasanjo, GCFR. He welcomed the Imoukhuede, CON, FCIB, President, Nigerian Obalaaye of Erinjiyan-Ekiti. delegates and cited the purpose for which the library was Stock Exchange chaired the occasion. The set up, which included the need to have institutional Lecture ''National Integration, Citizenship and The high point of the Opening Ceremony was the memory especially of the Nigerian and African political the Challenge of Economic Policy Making'' was Keynote Address delivered by Mr Adjiedi Bakas, economy for the younger generation. delivered by Professor Osita Ogbu, OON, Founder Trend Office BAKAS Netherlands. He former Minister of National Planning and demonstrated in practical terms the primary impact He concluded his address by stating that the Professor of Economics, University of Nigeria, that technological advancement incursion would imperfection of the country was its uniqueness. He Nsukka. Questions and comments from guests have on the future of banking and finance and the encouraged the African delegates to focus on initiatives were equally addressed by the Guest Speaker. need for players within the industry to continue to and ideas that would benefit and grow the economy of develop their skills and competencies. the African continent. 5.1.2 22nd WORLD CONFERENCE OF BANKING INSTITUTES The Conference had five (5) Business Sessions Thereafter, the former President attended to all the The Chartered Institute of Bankers of Nigeria and four (4) Parallel Sessions. questions asked by some of the delegates and series (CIBN) successfully hosted the 22nd World The sub-themes for the Business Sessions were: of photographs were taken with the elder statesman. Conference of Banking Institutes (WCBI) for The Conference was adjudged as the best to be §Envisioning the Future of Banking and Finance professionals from the financial services organized by any Institute, your Institute published a industry and other stakeholders involved in in the Global Economy. compendium as an enduring legacy of the event. The § bank operations, education and training across Re-Professionalising Banking through next Conference would be held in the city of London in the world. The Conference which had the theme Continuous Education. 2019. “Re-thinking the Future of Banking and Finance §The Dynamics of Competition: Present & & Life-Long Learning” was held for the first time Future. 5.1.3 17th National Seminar on Banking and Allied in West Africa and took place at Eko Hotels & §The Need for & Role of Banking/Finance Matters for Judges th Suites, Victoria Island, Lagos, Nigeria from April Standards: Global, Regional & National The 17 National Seminar on Banking and Allied Matters 24 - 28, 2017. §The Desire for Life Long Learning. for Judges which held from October 17 – 18, 2017 was 32 Report of the Registrar/Chief Executive declared open by the Honorable Chief Justice of Session 4: Agricultural Financing in Nigeria: ·Sequel to the recent directive by The Honourable, Nigeria, Hon. Justice Walter S. N. Onnoghen, CON, Legal and Regulatory Challenges Chief Justice of Nigeria, there was need for a CFR, GCON after he presented the Keynote Address Session 5: Unbundling the Criminal Justice deliberate policy to ensure that courts are on the theme of the Seminar - Emergence of New Process in a Digital Economy Frontiers in Banking and its Legal Implications. The designated to facilitate effective and speedy Chief Justice of Nigeria was represented by Hon. The Business Session had pool of faculty from the adjudication of commercial, banking and finance- Justice Musa Dattijo Muhammad, Justice of the relevant sectors of the economy such as regulatory related cases. Supreme Court of Nigeria. The Welcome Address was institutions, legal profession, banking industry and law ·The banking industry should ensure that proper delivered by Hon. Justice R. P. I. Bozimo, OFR, enforcement agencies. The faculty displayed an enforcement of the Code of Corporate Administrator, National Judicial Institute (NJI) while excellent dexterity of the exposition and provided Governance in the industry is implemented as it is the Opening Remarks were delivered by Professor pragmatic insights for the different stakeholders. vital for improvement of company performance, Segun Ajibola, Ph.D., FCIB, President/Chairman of At the end of the Sessions, the participants broke into attraction of investors and other numerous Council, The Chartered Institute of Bankers of Nigeria syndicates on each of the five Sessions and benefits. (CIBN). recommended the following for various stakeholders: ·The banking sector should imbibe professional ·The ardent use of Alternative Dispute Resolution In his Keynote Address, Hon. Justice Onnoghen, (ADR) methods such as Arbitration, Mediation ethics as it revolves around a set body of values, CON, CFR, GCON noted that it was a known fact that and Conciliation would help ensure more reformative guidelines and principles that the banking sector all over the world has been expeditious resolution of cases relating to enhances the individual's sense of judgment in regulated by a set of laws, rules and regulations that financial disputes. differentiation of right from wrong. are peculiar to each jurisdiction. As with most laws ·Alternative Dispute Resolution (ADR) should be ·The practice of joining all the banks in Garnishee underpinning the sector, these laws seek to provide promoted in the country as it is more desirous Order Proceedings without proper investigation the assurances that a depositor, as with other given its potentials as a catalyst of economic should be discouraged. investors, has adequate protection for their assets and growth which in turn aids economic development ·There is the need for continuous training of judges investments in the event of any dispute. Hence, as the arbiter of all disputes and dispenser of Justice, the as investors and financial institutions can be and relevant law enforcement agencies on Nigerian Judiciary has an empirical role to play in the confident that their investments are secure. Information Communication Technology (ICT) to expeditious and unprejudiced dispensation of cases ·Stakeholders in the banking and financial sectors update them on current technological to protect depositors' funds and shore up public should ensure that records of financial developments. confidence. transactions are not distorted, as it would aid in ·The need for relevant law enforcement agencies the speedy and effective adjudication of financial to ensure proper investigation and prosecution of The Seminar had five Business Sessions with the and commercial cases. cybercrime cases was emphasized. following Sub-themes: ·Judges must be proactive by not allowing ·In addition to the provision of seed money, there is Session 1: Cryptocurrency and Block Chain technicalities to stand in the way of substantial also the need for certain percentage of Technology: Legal Issues Arising intervention funds to be deployed in providing the Session 2: The Legal Perspective of justice. Electronic Credit Schemes: ·The Judiciary should continue to abide by its necessary infrastructure for agricultural Challenges and Solution Options constitutional mandate in its bid to ensure stability development. Session 3: The Role of the Judiciary in the in the banking and financial sector in line with the ·The private sector should take the lead in War against Cybercrimes Rule of Law. financing agricultural projects.

33 Report of the Registrar/Chief Executive

·Security Plan/Insurance for protection of farmers ·In-Plant Training for Addosser Microfinance Bank these generic training, a-three stream customised from adverse condition, herdsmen attack etc on Credit Risk Portfolio Management and Debt programme was structured and conducted for First Bank of Nigeria Limited in Lagos and Abuja. One should be put in place. Recovery ·In-Plant for LAPO Microfinance Bank Training on stream was executed for Nigerian Deposit Insurance ·Agriculture, being on the concurrent legislative Credit Risk Portfolio Management and Debt Corporation (NDIC) at Colonades Hotel, Ikoyi th th list, requires input of the States and should not be Recovery between 27 and 28 September 2017. left to the Federal Government alone. ·Development of Assessment Tools for Dragnet ·Commercial Agricultural Loan should be easily Solutions Limited. Equally, the Division organised two programmes for accessible, non-partisan and available to actual the new Associates and Fellow with the themes Digital farmers. 6 . 0 C O M P U L S O R Y C O N T I N U I N G Economy and Professionalism; and Ethical ·Minimize risk by prosecuting persons who access PROFESSIONAL DEVELOPMENT Dilemmas: the Grey Matters respectively. These Agricultural loans fraudulently. (CCPD) & E-LEARNING mandatory events were executed a day prior to the main Induction and Investiture ceremonies for these ·Sensitization of farmers on available loans and 6.1 Training special breed of professionals. the applicable terms and conditions. Developing the skills and capabilities of our members ·Recapitalize and restructure Bank of Agriculture in various spheres of employment to build a capable and effective workforce is a key part of our strategic As part of the strategic alliance with our professional and relevant financial institutions to adequately priority. bodies and other institutions, the Institute held a-day finance agriculture. workshop in collaboration with The Nigerian Institution ·E-payment requires exhaustive legislation to of Estate Surveyors and Valuers (NIESV) on Financial Our vision is to create professionals with passion for regulate, supervise and protect stakeholders. Institution and Estate Valuers: The Nexus held at the learning and the capability to continuously improve ·There is the need for collaborative efforts across Civic Centre, Victoria Island, Lagos on Friday, July 30, and transform themselves in their organizations. With 2017. This event was well attended and marked the borders in fighting cybercrime as it is a global this, we were able to encourage and provide impact challenge. beginning of a mutually beneficial relationship learning experiences that drive business growth and between the two Institutes. transformation. 5.2 Training Unit To build their capabilities, we continuously invest in At the end of each programme, CCPD credit hours The Unit witnessed an upward saving in attendance developing the professional, technical, leadership and were allocated to each members and accumulated as from Financial Institutions and Non-Financial soft skills of our members. Our approach combines stipulated in the CCPD Framework policy. We implore Institutions. A total of 473 (Four Hundred and Seventy- virtual web-based learning with classroom training, members to attend our CCPD programmes and other Three) participants attended our various training simulations, course work, mentoring and coaching, activities of the Institute in order to attain the annual 35 programmes in the year under review. social networking and workshops. Together, these credit hours. methods and tools support professional development, 5.3 Consultancy Unit foster functional and technical excellence, encourage 6.2 E-Learning The Consultancy unit of the Division executed Five (5) teamwork and leadership skills, promote values and The e-platform has been fully deployed and projects during the year under review. drive improved performance. operational for the use of our Members, Students, Details of the programmes are stated below: In the course of the year, the division executed twenty Staff and Public. The Students had a feel of the ·Collaboration with Nigeria Inter-Bank Settlement programmes for various stakeholders in deposit platform when preparing for their examinations and System Plc (NIBSS) money banks, microfinance banks, regulatory bodies, similarly the newly employed Institute's staff. ·Collaboration with Nigerian Institute of Public and other financial institutions in Lagos, Owerri, The platform has attracted both local and Relations (NIPR) Abuja, Gombe, Ibadan and Port Harcourt. Aside from internationally collaborators such as The Chartered 34 Report of the Registrar/Chief Executive

Institute for Secuities & Investment in United Meanwhile, since inception in 2001, the Sub-committee has 7.4 The Code of Conduct in the Nigerian Kingdom, Australian & New Zealand Banking received a total of 1,993 petitions/cases with total claims of Banking Industry Institute (ANZI), New York Institute of Finance, N332.12b and US$416.91m in local and foreign currencies The Division continues to ensure that new staff of United State of America, Finance Accreditation respectively out of which it has resolved 1,855 with banks attest to the Code of Conduct in the Agency, Malaysia and Association of Enterprise Risk N28.43billion and US$17.39 million awarded/refunded to Nigerian Banking Industry. The database is being Management Professional, Nigeria. petitioners/customers by banks as shown in the table below: updated on a regular basis. Some of the e-Courses would be free while others paid for but at a reduced cost. Details T otal Amount Claimed 7.5 Financial Ombudsman Services on Cases Efforts are being made to keep members of the 7.0 ETHICS & PROFESSIONALISM DIVISION N US$ Sub-committee abreast with current No of cases received from 1,993 332.12b 416.91m The Ethics and Professionalism Division continues 2001 to December 31, 2017 developments in handling and resolving to play a pivotal role in the banking industry in To tal Amoun t Awarded disputes. The Bankers' Committee recently Nigeria, in line with the mandate of the Bankers' on Cases approved an exposure/study tour to the Committee, Sub-committee on Ethics & No of cases resolved from 1,855 28.43b 17.39m Australian Financial Ombudsman Services in Professionalism in resolving disputes relating to 2001 to December 31, 2017 order to strengthen the contributions of the Sub- unethical and unprofessional infractions between No of outstanding cases as at 138 committee to consumer protection a n d t h e December 31, 2017 banks and banks and banks and their customers. development of Financial Ombudsman Services 7.2 Referrals from the Courts and the proposed FOS Act. The Division's activities during the year under review In addition to the above, some banking related cases are presented below: between banks and their customers were referred by the 7.6 Collaborations with Relevant Law Courts to the Sub-committee on Ethics & Institutions 7.1. Bank Customers' Complaints Professionalism and the Chartered Institute of Bankers of The Sub-committee continues to collaborate with The Ethics & Professionalism Division received a Nigeria for an independent investigation/Audit. There has the following Institutions in the discharge of its total of 104 petition/cases with petitioners' claims been remarkable increase in the cases brought to us by mandate. amounting to about N11.72b. Eighty-nine (89) Court, premised largely upon the Court's confidence in our i. Central Bank of Nigeria (Consumer cases, representing 86% were fully resolved with the mediation/conciliation mechanism. So far, Eighteen of such Protection Department and the Banking total amount of N2.6b refunded to petitioners. (See cases have been received out of which Ten have been Supervision Department) details in table below) finalised with the actual positions of the accounts forwarded ii. Nigeria Deposit Insurance Corporation to the Court while the remaining are at various stages of (NDIC) Analysis of Petitions/Cases Handled as at resolution. December 31, 2017 iii. The Judiciary. 7.3 CIBN Investigating Panel iv. Lagos Multi Door Court House and other Number of cases received 104 The CIBN Investigating Panel could not continue with its organizations whose activities impact Number of cases resolved 89 positively on the mandate of the Sub- Total Amount claimed on all N11.72b US$1,905,613.84 investigation on the former Management Team of Skye committee. cases received during the Bank Plc following intervention of the Central Bank of year. Nigeria on July 4, 2016 due to the inability of the bank to Total amount awarded on N2.6b US$696,389.25 meet key regulatory ratios. The investigation w a s 8.0 REGISTRAR'S OFFICE cases resolved during the discontinued as a result of the Regulator's letter that there 8.1 LEGAL & COUNCIL AFFAIRS/

year was no investigation proceeding regarding the INTERNATIONAL AFFILIATIONS intervention. 35 Report of the Registrar/Chief Executive

8.1.1 Global Banking Education Standards b) GBEStB's Secretariat Understanding and Service Level Agreements Board (GBESTB) Upon completion of elections, the Taskforce officially (SLAs) with several collaborating Institutions, a) Inauguration of the Global Council handed over the activities of the GBEStB to the contractors and service providers. Global Council at its meeting of July 25, 2017, in line Sequel to the inauguration of the Global Council and with the resolution at the Stakeholders' meeting of 8.1.4 CIBN Anthem the nomination of representatives of the various A befitting Anthem which eulogizes the mandate and April 25, 2017 and consequently, The Chartered member Institutes in the Council, Past President of ideals of the Institute was approved by the Governing the Institute, Dr. Lawrence Olusegun Aina, OFR, Banker Institute, Scotland has commenced activities Council at its meeting of June 8, 2017 with input from FCIB was elected as the pioneer Chairman to lead as the Secretariat of the GBEStB up until the next the Past Presidents. The anthem was rendered for the Global Council for two years at the Board's World Conference of Banking Institutes in 2019. the first time during the graduates Induction meeting of July 25, 2017. To support Dr. Aina, three programme and had since been recited at the Vice Chairmen were also elected as follows: c) Education Standards Committee Institute's events throughout the year with Mr. Simon Thompson - Chartered Banker The GBEStB's Education Standards Committee, considerable plaudits. Institute, Scotland which is a Committee saddled with the responsibility Ms. Carrie Leung - The Hong Kong for developing and publishing global education 8.1.5 CIBN Flag Institute of Bankers standards for banking institutes, subsequent to its The Governing Council at its meeting of December 7, Mr. Anthony Yaw - C h a r t e r e d inauguration, has articulated the first draft standard, 2017 approved the redesigned CIBN flag for the “Ethics Education and Training for Professional Institute of Bankers, purposes of recreating and refreshing the Institute's Bankers” with input from Nigeria and other member iconic ensign. The design was put together by an in- Ghana Institutes. The Committee has agreed to commence house brand expert. Thereafter, the above members constituted the work on Credit & Lending Standard, Mr. Seye Executive Committee of the GBEStB and Marie Awojobi (Registrar/CE, CIBN) and M/s Marie 8.1.6 Amendment of Laws Muldowney MD (Canadian Securities Institute Muldowney (CEO, Canadian Securities Institute The Institute presented the legal and industry Canada) was appointed to represent the American Canada) were saddled with the responsibility of position of the banking and financial sectors Region. working on the Standard. regarding the following Bills that were considered by the National Assembly for enactment thus: Currently, three Institutes had joined the GBEStB 8.1.2 Review of the CIBN Act 2007 ·Bill for the Demutualization of the Nigeria Stock while eight additional Institutes had indicated interest The proposed reviewed of CIBN ACT of 2007 was Exchange. in becoming members. further considered at the Office Holders meeting of ·Bill for the Establishment of the Institute of February 27, 2018 and also at the Governing Council Mortgage Bankers and Lenders of Nigeria meeting of March 1, 2018 and it was agreed the The strategic focus of the Global Council for the next ·The Chartered Institute of Capital Market hitherto decision to present it to the 2018 AGM be 2 years are as follows: Registrars (Establishment, etc) Bill stepped down to enable critical stakeholders like the üTo advance the works of the Education ·Legal Framework for Credit Bureau Services Bill Past Presidents, Registrars and Council members Standards Committee, ·Bill for an Act to make Provisions for Licensing, make inputs. üSupport the Host of 2019 WCBI Regulation and Supervision of Microfinance üMembership Drive Business in Nigeria üPromotion of the GBEStB Initiatives amongst 8.1.3 Agreements and Memoranda of Understanding ·National Payment System Bill 2017 Stakeholders ·Foreign Exchange (Monitoring and üFunding The Institute undertook the drafting, renewal and review of several Agreements, Memoranda of Miscellaneous Provisions) Bill 36 Report of the Registrar/Chief Executive

·Nigerian Assets Management Agency (NAMA) 1. Bill for The Establishment of The Institute of delegates from 33 countries at the Conference. Bill Mortgage Brokers and Lenders Of Nigeria. Other major programmes such as the 2017 Annual 2. Bill for an Act to establish the Chartered Institute General Meeting, 2017 Graduates Induction/Prize ·Banks and Other Financial Institutions Act of Forensic and Investigative Auditors of Nigeria. Awards Day, 2017 Fellowship Investiture and the ·Nigeria Marine Development Bank Bill 3. A Bill for an Act to establish the Chartered Annual Seminar on Banking and Allied Matters for ·Bill for an Act to Amend the Asset Management Institute of Forensic Accountants of Nigeria. Judges were all effectively supported and well Corporation of Nigeria Act A24, Laws of the reported by the media. Federation of Nigeria 2004 8.1.8 The Body of Banks' CEOS ·Currency Offences Bill The Body of Banks' CEOs met severally to dialogue 8.2.2 The 2017 Annual Bankers Dinner ·Foreign Exchange (Monitoring and and proffer solutions to pertinent issues and A total of 675 Guests were in attendance at the 2017 Miscellaneous Provisions) Bill. challenges that confronted the Banking Industry in Annual Dinner with the Central Bank Governor, Mr. ·A Bill to Enact the mortgage Institutions and the year under review, this includes the request for Godwin Emefiele, FCIB. The occasion was also forfeiture of funds in banks accounts without Bank Allied Matters Act 2018 graced by lots of top dignitaries in the Banking & Verification Numbers by the Attorney General of the Finance industry, the Diplomatic Missions, Federal ·Bill for an Act to establish the Chartered Federation and the demand notices on Banks from and State Governments, members of the Academic Institute of Forensic Accountants of Nigeria Revenue Mobilization Allocation and Fiscal world etc. ·Terrorism Bills from the National Assembly Joint Commission /Economic Financial Crimes Committee on National Security and Commission. CIBN played very important advocacy 8.2.3 Stakeholders Engagements Intelligence (Senate and House of roles in the above issues. The President/Chairman of Council led the institute's Representatives) delegations to various parts of the country for 8.2 CORPORATE COMMUNICATION AND ·CIBN submissions on the Public Hearing by the visitations and engagements. The main objective EXTERNAL RELATION (CCER) Nigerian Senate on the urgent need to was to follow up on existing relationship and 8.2.1 Publicity, Brand and Identity Management harmonize and amend laws, rules and champion new course to propel the Institute to The Institute received positive and enormous guidelines that do not adequately protect (Bank) greater heights whilst increasing its prominence in publicity in the Local and International media. the various regions. customers and get them substantial remedies Various channels including CIBN daily highlights, when overcharged (by banks) print media, social media, text messages and emails were used as daily and weekly countdown as a way 8.1.7 Objections to Bills to notify and remind our stakeholders in the banking The Institute through its President/Chairman of and finance industry including, corporate Council, Prof. Segun Ajibola, FCIB articulated letters organizations, eminent personalities, Members of of objection to the following Bills, in view of the fact the Institute and other invitees about our events. The that they would amount to proliferation of statutes as biggest event of the year was the 22nd World well as contradict already set mandates for the Conference of Banking Institutes (WCBI) hosted by regulation of the Banking, Finance and Accounting CIBN. The Conference which was held for the first Industries: time in West Africa with the theme “Re-thinking the Future of Banking and Finance & Life-Long Learning" was a huge success. There were

37 Report of the Registrar/Chief Executive Listed below are some of the Organisations/Institutions/Individuals visited during the year: S/N Date Organisation/Institution/Individual 20 21/2/2018 Visit to the Rector, Federal Polytechnic, ILaro, Arch. 1 8/6/2017 European Bank Visit to the Bankers House O.O Aluko 21 22/2/2018 Visit to the Managing Director/Chief Executive Officer 2 6/7/2017 Professional Women Lawyer (FIDA) Ekiti Branch of NOVA Merchant Bank, Mr. Chinedu Ikwudinma 3 17/10/2017 Meeting with the National Judicial Institute’s 22 5/3/2018 British Accredited Council, UK Administrator Rt. Hon Justice R. P. I. Bozimo 4 8/11/2017 HRH Oba S. O. A. Sule. FCIB 23 5/3/2018 London Institute of Banking & Finance 5 9/11/2017 Dr. Erastus Akingbola, FCIB 24 5/3/2018 Chartered Institute of Securities & Investments 6 15/2/2018 Visit to the Vice Chancellor University of Lagos, 25 6/3/2018 Bangor Business School, UK Professor Oluwatoyin Ogundipe 26 13/3/2018 Visit to the Speaker, House of Representative Rt. 7 15/2/2018 Visit to the Rector, Yaba College of Technology, Dr. Hon. Yakubu Dagora O.T. Oyelola 27 13/3/2018 Visit to the Chief Executive of Federal Inland 8 15/2/2018 Visit to the Managing Director/CEO, Tech Hob Co- Revenue Service (FIRS) Mr Babatunde Fowler, Creation, Mr Tunji Eleso HCIB 9 16/2/2018 Visit to the Head of Service, Lagos State, Mrs. 28 13/3/2018 Visit to Registrar of Corporate Affairs Folashade Adesoye Commission(CAC) Lady Azinge Azuka Obiageli 10 16/2/2018 Visit to the Executive Secretary, Lagos State 29 18/3/2018 Branch Controller, CBN, Kaduna Employment Trust Fund, Mr Akintunde Oyebode, HCIB 30 18/3/2018 New Nigeria Development Corporation 11 16/2/2018 Visit to the Executive Secretary, Financial Reporting 31 19/3/2018 Regional Manager Guaranty Trust Bank. Council of Nigeria, Mr. Daniel Asapokha 13 16/2/2018 Visit to the Head of Service, Lagos State, Mrs. 32 19/3/2018 Governor of Kaduna State. Folashade Adesoye 33 20/3/2018 Rector, Kaduna Polytechnic 14 16/2/2018 Visit to the Executive Secretary, Lagos State 34 20/3/2018 Vice Chancellor Ahmadu Bello University Employment Trust Fund, Mr Akintunde Oyebode, HCIB 35 20/3/2018 Branch Controller, CBN Kano Branch. 15 16/2/2018 Visit to the Executive Secretary, Financial Reporting 36 20/3/2018 Zonal Controller, NDIC Kano. Council of Nigeria, Mr. Daniel Asapokha 16 16/2/2018 Visit to the Banking Community in Lagos State 37 21/3/2018 Regional Office of Zenith Bank, Kano 38 21/3/2018 Regional Office of UBA, Kano 17 20/2/2018 Visit to the Managing Director/chief Executive Officer 39 21/3/2018 Rector, Kano State Polytechnic of Wema Bank Plc Mr Segun Oloketuyi 40 21/3/2018 Vice Chancellor Bayero University, Kano 18 21/2/2018 Visit to the Executive Governor of Ogun State, 41 22/3/2018 Branch Controller CBN Dutse, Jigawa State Senator Ibikunle Amosun, CON, FCA 19 21/2/2018 Visit to the Branch Controller of Central Bank of 42 22/3/2018 Vice Chancellor Federal University Dutse, Jigawa State Nigeria, Ogun State, Mrs. Olatunde Agbeja 43 22/3/2018 Rector Jigawa State Polytechnic, Dutse.

38 Report of the Registrar/Chief Executive

8.3 INFORMATION AND COMMUNICATION Membership engagement platform that will run on a TECHNOLOGY (ICT) UNIT digital ecosystem of innovative solutions. 8.4.2 2017 Management Retreat 8.3.1 Teleconferencing facility The mobile App which will be ready for launch in May The Management Retreat with the theme - The The Institute commenced the use of Zoom 2018 will support the Institute in a number of ways Game Changer: Dare to Win - was held at the application for both audio and video meetings. This such as: Grand Inn Hotel, Ijebu-Ode, Ogun State from has increased members participation at Committees ·Increase in the number of active CIBN November 17 – 19, 2017. The central objective of the and Council meetings without being physically members for greater impact Retreat was to consolidate on the achievements of present. ·Increase in the level of participation of younger the Institute in the past years, with a view to meeting generations in CIBN activities emerging challenges in the banking and finance 8.3.2 Computer Based Testing industry through strategic capacity building ·Facilitate activation of innovation-oriented and A Computer Based testing platform has been fully initiatives for industry practitioners. developed for the Institute. This was used in during knowledge-driven CIBN community the October 2017 Diet examinations by the students engagement To enhance the physical fitness of staff, early who sat for the Certified Risk Managers examination. ·Improve the responsiveness of CIBN morning exercises were introduced to the retreat membership support services and processes programme. 8.3.3 Expansion f E-Meeting Platform ·Make CIBN membership dues and other There various sessions during the retreat were: The e-Meeting platform of the Office365 which was payments seamless and easy for members ·The budget review session earlier used for the Council and Executive Officers' ·Book Review on Power of Focus meetings only has been extended and deployed for 8.4 CORPORATE STRATEGY UNIT ·2017 in Retrospect: CIBN Strategic Plan and other Committee meetings. This allows all Update Committee members to have access to all the 8.4.1 Monitoring of the Institute's Strategic ·Imbibing Corporate Culture by Mr. Olakunle papers for their meetings ahead and contribute Plan Implementation Soriyan effectively. The implementation of the Institute's strategic plan which was developed by Management ·Strategies for Optimum Performance in a Highly 8.3.4 Renewal of Software Licences and Transformation (MT) was monitored and received Competitive Environment by Professor Other Application 3rd party assurance from MT. The Corporate Olalekan Asikhia of the Babcock Business The licences for the Institute's various software Strategy Unit monitored different categories of School, Babcock University, Illisan. applications such as Office365, xRM (Mentoring strategic intent and activities of the Institute and Application), MacAfee Antivirus and CIBN Portal ensured adherence to quality and timely delivery. 8.5 NATIONAL SECRETARIAT ANNEX, were renewed in the year under review. The monitoring was done on monthly, quarterly and ABUJA (NSAA) half yearly basis. 8.3.5 Uninterrupted Power Supply (UPS) 8.5.1 Membership Drive/Linkage Follow-Up: The Uninterrupted Power Supply which had not been Eight quarterly Management and Empowerment The following were achieved during the year under working since 2014 was repaired and restored to sessions which was aimed at regularly reviewing the review: provide stop gap for staff electronic working tools corporate strategy plan implementation and ·Registration of over 316 student members, 5 during power outage. brainstorming on how to achieve the set targets was HCIBs and 1 Fellow. held with the management and relevant staff. A ·Follow up on various Corporate Annual 8.3.6 Development of Mobile App training for staff on Self-Confidence and Subscription achieving more than 90% of I am pleased to inform you that the Institute is Assertiveness was organized on January 17, 2018 to target. currently developing a mobile App, an innovative further strengthen the strategy plan implementation. 39 Report of the Registrar/Chief Executive

8.5.2 Branch Coordination Director Banking Supervision, and Director, 8. 6 ENTERPRISE RISK MANAGEMENT ·The Annex represented the institute at the Consumer Protection Department. October It is my delight to inform you that the Internal Audit CIBN Nasarawa State Branch meeting in 19, 2017 and Compliance Department was strengthened in respect to the forth coming State Conference ·The Registrar/CE attended meeting with the the course of the year. The department was able to on the 7th November, 2017. Director of Resettlement and compensation touch practically all divisions in the course of the year and with a report that was quantitatively and ·The Annex successfully conducted the Benue FCDA in respect to the Abuja Land at Piwoyi th qualitatively sound. Consequently, there had been state Branch election held on the 8 of June on the 17/11/2017. increasing application of the principles of enterprise 2017 at the CBN Clearing Hall Makurdi. ·Attended one day hearing on Banking, risk management (ERM) during the year. ·Conducted elections of new Excos for FCT Insurance and Other Financial Institution on Intelligent market information ensured in prompt Branch on February, 16 2017 the 5th December by the Senate committee on assessment of risks in investments in financial Banking National Assembly Abuja. instruments across financial institutions and quality 8.5.3 Stakeholders Engagement and Dialogue ·Attended First, and Third Quarter Meeting of decisions were taken to ensure a healthy and well- ·The Annex Office represented the Institute in the Industry Consumer Advisory Forum balanced portfolio delivering optimal returns. company of Mr. Sadi Abdu, Chief Internal (ICAF) of the Nigerian Communications Compliance with policies and procedures were Auditor Jaiz Bank at the National Assembly Commission. routinely ensured. Periodic review of the Abuja with the House Committee on Capital ·Participated on various Debt Management effectiveness of operating controls Institute-wide Markets and Institutions On November 02, Office bids processes as an observer along (inclusive of its subsidiaries) were carried out and 2017. with some Office holders during the period stricter controls deployed to ensure risk minimization ·The Annex accompanied the Registrar/CE to under review. and zero-tolerance for losses. This has not only the NASSBER National Assembly Business ·Participated at the joint programme organized translated to a remarkable growth in the Institute's Environment Roundtable on Group by CIBN, PACAC & ACCA on the Financial operating surplus for the year, loss-accumulating Sensitization Workshop on the 06/11/2017. System Integrity Improvement on the 30th June ventures, the CIBN Press Limited and CIBN ·The President/Chairman of Council attended 2017 . Bookshop became profit-making ventures in the year. the Nigeria Economic Summit on ·The Annex Accompanied the Registrar to a Opportunities Productivity and Employment to meeting with the Country Head of the African Actualize the Economic Recovery and Growth Capacity Building Foundation in Transcorp Plan held on the 9-12 October 2017 Hilton on the 11th of June,2017 ·The Annex Office accompanied the President Chairman of Council to the All Judges 8.5.4 Workshops/Conference Conference at National Judiciary Institutes on Conducted a CCPD for the FBN Branch Opera tion 5-6 June, 2017 Strengthening Judicial Integrity and the Rule Workshop on International Financial Reporting Stand ard 25-26, September , 2017 of Law held on the 20-25 December 2017. Sensitization Workshop on Crypto currency Evolution and the 28 November, 2017 ·The Annex Office Accompanied the Economic Effect on Nigeri a Registrar/CE to Central Bank of Nigeria (CBN) Conducted a CCPD programme for the members in ND IC 10-11 November 2017 to a meeting with the following departments: Workshop Organized by Learning Development Department 6-7 December 2017 Director, Development Finance Department, on Lending to the Agricultural Sector for the staff of NIR SAL 40 Report of the Registrar/Chief Executive

9.0. SUBSIDIARIES 9.2.1 Journals b. Breakfast Session on Cryptocurrency: a. The World Converges In Nigeria as the CIBN Evolution, Challenges and Impact on the 9.1 CIBN Bookshop Hosts the 22nd World Conference of Banking Future of Payments and Settlement Systems The CIBN Bookshop had been re-positioned to Institutes (January – March, 2017) The Breakfast Session was held on Tuesday, profitability through re-established relationship with nd various clients and investment in more profitable b. At A Glance: The 22 World Conference of February 28, 2017 at the Bankers House, Victoria ventures. We have also revamped the existing Banking Institutes. Hosted by the Chartered Island, Lagos. The programme attracted participants relationship with the libraries of other professional Institute of Bankers of Nigeria (April – June, 2017) from the Central Bank of Nigeria (CBN), Deposit bodies and higher institutions. c. Sustaining the Economy through Micro, Small & Money Banks (DMBs) and the private sector. Medium Enterprises' (MSMEs') Support (July – The Session started with welcome remarks by the 1st September, 2017) Vice President of the Chartered Institute of Bankers The CIBN Bookshop had rekindled the lost relationship Nigeria, Dr. Uche Olowu, FCIB. In his remarks he with its various vendors, authors and publishers by 9.2.2 Knowledge Events noted that cryptocurrencies have the power to greatly signing of Memoranda of Understanding which had affect the more traditional means of payments and yielded positive responses. The Bookshop had also a. 3rd Economic Outlook: Implications for settlement systems globally. increase its effort in marketing by being present at the Businesses in Nigeria in 2017 institute's activities, establishment of new branch in The Roundtable, a collaboration between the CIBN A keynote address and presentation was delivered by Kano and collaboration at various expos and Centre for Financial Studies (CIBNCFS) and B. Mrs. Toluleke Adenmosun, Managing Director, exhibitions. Adedipe Associates Limited (BAA Consult), was held Financial Services Nigeria, Accenture on behalf of Mr. on Tuesday, January 24, 2017 at Oriental Hotel, Niyi Tayo, Managing Director, Technology Accenture. Victoria Island, Lagos. The programme attracted The panel session was moderated Mr. Segun Equally, the Bookshop had established a mutual participants from both the public and private sectors of Akintemi, HCIB, CEO, Page Micro Finance Bank. relationships with notable and reputable the economy. The faculty displayed excellent mastery Other resource persons at the programme were; Mr. distributors/Bookshops that provide us with materials of the subject matter and participants' contributions to Muhammad Jibrin, Chief Executive Officer, Suntrust on sales or return basis. We had reduced drastically the discussion were insightful. The dignitaries present Bank Limited, Mr. Dipo Fatokun, FCIB, Director, out-right purchase of books which has been the major at the Session included Professor Segun Ajibola, Banking and Payments System Dept, Central Bank of challenge of the Bookshop. Ph.D, FCIB – President/Chairman of Council, CIBN, Nigeria represented by Mr. Musa Itopa Jimoh, Deputy The Bookshop had extended its dragnet outside the Uche Olowu, Ph.D, FCIB – 1st Vice President, CIBN, Director and Head, Payments System Policy shore of Nigeria by supplying books to the Gambia and Mr. Bayo Olugbemi, FCIB – 2nd Vice President, CIBN, Oversight, Banking and Payments System Sierra-Leone. Mr. Ken Opara, FCIB – National Treasurer, CIBN, Mr. Department, Mr. 'Niyi Ajao, Executive Director, 'Seye Awojobi, FCIB – Registrar/Chief Executive, Technology & Operations, Nigerian Inter-Bank 9.2 CIBNCFS Centre for Financial Studies CIBN, Otunba (Mrs.) 'Debola Osibogun, FCIB – Settlement System Plc and Mr. Jay Alabraba, Co- In keeping with its mandate, The Chartered Institute of Immediate former President, CIBN, Mazi O.C.K Founder & Director, Business Development, Bankers of Nigeria Centre for Financial Studies Limited Unegbu, FCIB – Past President, CIBN. Pagatech Limited. A total of 140 (One Hundred and (CIBNCFS) in 2017 developed 2 (two) research Forty) participants attended the Session. proposals, published one edition of the Nigerian Banker A total of A total of 87 (Eighty-seven) delegates (a Quarterly Journal of the Institute) and conducted 7 attended the Session held at Oriental Hotel, Victoria c. First National Fintech Conference (seven) knowledge events on various topics in the Island, Lagos The 1st National Fintech Conference, a collaboration financial services industry. between The Chartered Institute of Bankers of Nigeria Centre for Financial Studies (CIBNCFS), Fintech 41 Report of the Registrar/Chief Executive

Associates Limited (FAL) and Digital Finance Limited Welcome Remarks were delivered by Professor Itse The Workshop was facilitated by Dr. 'Biodun Adedipe (DFI) was held on Tuesday, April 24, 2017 at the Sagay, SAN, Chairman, PACAC; Professor Segun - Chief Consultant, Biodun Adedipe Associates Oriental Hotel, Victoria Island, Lagos. The Conference Ajibola, Ph.D., FCIB, President/Chairman of Limited, Mr Olumide Oyetoyinbo - Manager Partner, was facilitated by 33 resource persons for 7 different Council, CIBN; Mr Soji Apampa, CEO, Integrity Leaps and Bounds Partners Limited and Mr Jide sessions. All resource persons exhibited an excellent Organization/CBi and; Mrs Jane Ohadike, Regional Ijimakinwa - Chief operating Officer, Datis Nig Ltd. mastery of the subject matter and participants' Head of Policy, Sub-Saharan Africa, ACCA. The faculty displayed excellent mastery of the contributions to the discussion were insightful. During subject matter and participants' contributions to the the Conference the first ever national FinTech Start-up The Keynote Address was delivered by Nick Leeson, discussion were insightful. A total of 17 (Seventeen) challenge was held with 6 finalists and 4 Judges. 1. the rogue trader who broke Britain's oldest merchant fee-paying delegates attended the Session. Resource persons included Dr. Okey Enelamah, bank, Barings Bank. Other resource persons Minister of Industry, Trade and Investment, Barr. included Mr Okey Umeano, CFA, FCCA, Head, Risk f. Business Forum On Credit Data Adebayo Shittu, Honorable Minister of Communication, Management, Securities and Exchange Management: Promoting Effective Credit Dr. Umma Dutse, Director, Consumer Protection, Commission, Abuja. Mr Opeyemi Agbaje, Chairman, Risk Operations In The Financial Services Central Bank of Nigeria, Mr Femi Osinu, Partner, Board of Integrity Organization. Mr Tunde Lemo, Industry PricewaterhouseCoopers and Mrs Bola Odukale, OFR, FCIB, Former Deputy Governor, Central Bank The Business Forum, a collaboration between the Managing Director /CEO, Capital Express Assurance of Nigeria, Mr Bamgbola Sokoya, Chairman, FGB CIBN Centre for Financial Studies (CIBNCFS) and Ltd to name a few. Opening remarks were also given by Inter-Agency Asset Tracing Team, Mr Taiwo Credit Bureau Association of Nigeria (CBAN) was Dr. Segun Aina, CON, FCIB, - Chairman, Fintech Oyedele, ACCA Council/PwC Partner and Mr Soji held on Thursday, September 7, 2017 at the Bankers Associates Limited, Mrs. Christine Duhaime, Apampa, CEO, Integrity Organization/Convention House. The programme attracted participants from Founder/Chief Executive, Fintech Associates Limited on Business Integrity Deposit Money Banks (DMBs), Microfinance banks, and Professor Segun Ajibola, Ph.D, FCIB Credit Bureaux, Mortgage banks and private e. Asset & Liability Management Workshop, members of the Institute. d. Conference on Financial System Integrity July 11, 2017 Improvement The Workshop, a collaboration between the CIBN Resource persons for the Forum included Mrs The Conference on Financial System Integrity Centre for Financial Studies (CIBNCFS), FCSL Mobolanle Adesanya, Chairman, CBAN & MD/CEO, Improvement was hosted by The Presidential Advisory Asset Management and B. Adedipe Associates XDS Credit Bureau, Mr 'Tunde Popoola, Managing Committee Against Corruption (PACAC) in Limited (BAA Consult), was held between Tuesday, Director/CEO, CRC Credit Bureau and Mrs Glenda collaboration with The Chartered Institute of Bankers of July 11 and Thursday, July 13, 2017 at the Labinjo, Acting Managing Director/CEO, CR Nigeria (CIBN), Association of Chartered Certified International Institute of Tropical Agriculture (IITA), Services Plc. Accountants (ACCA) and The Convention on Business Ibadan, Oyo State. The workshop attracted Integrity (CBi) on Friday, June 30, 2017 at Sheraton participants from both the public and private sectors A total of 48 (forty-eight) delegates comprising 35 Hotel, Ladi Kwali Hall, Central Business District, Abuja. of the economy. (thirty-five) fee-paying and 13 (thirteen) non-fee- paying attended the programme. The Conference, which attracted participants from both Participants were trained on theoretical issues and the public and private sectors of the economy, was the practice of ALM, with particular attention on key g. Breakfast Session On Collateral Registry organized to further encourage discussions and methodologies as well as a practical insight into Act: Pros And Cons For The Nigerian suggest feasible solutions to the prevalence of industry standard techniques and topical regulatory Banking Industry And Other Stakeholders unethical and illicit activity in the Nigerian banking and issues. The Breakfast Session held on September 28, 2017 finance industry. at the Ijewere Hall, Bankers House, Victoria Island, Lagos. The aim of this breakfast session was to 42 Report of the Registrar/Chief Executive discuss all issues pertaining to the Collateral The Business Session which held on Monday, 9.3 The CIBN Press Registry Act passed in May, 2017. Resource persons November 6, 2017 at the Bankers House was The Board of Directors of CIBN Press Limited for the event were Mr Mainasara Muhammad, organized by the CIBNCFS on behalf of the Dutch headed by Mr. Ken Opara, FCIB, National Treasurer, Registrar, National Collateral Registry, Mr Olusegun Development Bank (FMO) and Above & Beyond CIBN as the chairman with Mr. Seye Awojobi, FCIB, Alebiosu, Chief Risk Officer, First Bank of Nigeria Tech (A&B). Registrar/Chief Executive CIBN and Mrs Rita Limited, Mr Osaro Eghobamien, SAN, Founding Adeyanju, Principal Manager, CIBN and other Partner, Perchstone & Graeys and Mr Ken Opara, The purpose of the meeting was to discuss pertinent members of the board held quarterly meetings within FCIB, National Treasurer, CIBN & General Manager, issues on the FinTech space in relation with the the year. Managed SMEs, Trade Missions & Multilateral b a n k i n g , f i n a n c e , i n v e s t m e n t a n d Agencies, Fidelity Bank Plc telecommunications sectors. Present at the meeting The CIBN Press was relocated from the Yaba Office we top Nigerian professionals in these sectors and to No. 4 Araromi Street, Shomolu, Lagos. This was h. 5th Annual Gender Seminar On Promoting other stakeholders on areas of mutual concerns. done to reposition the company to a more strategic Gender Economic Inclusion In The This was a free event attended by a total of 26 and viable location. Nigerian Financial Services Industry participants. The Management Account of CIBN Press had a total The 5th Annual Seminar on Promoting Women's 9.2.4 University of Ibadan Research revenue of N26,770,799.42 with a Gross Profit of Economic Inclusion in the Financial Services Foundation – Think tank for translating Research N11,493,334.42 and a Net Profit of N3,655,752.02. Industry organized by The Chartered Institute of to Innovations, Strategies and evidence for Policies Bankers of Nigeria Centre for Financial Studies I am happy to report that on the 16th of November, 9.4 The CIBN Library (CIBNCFS), was held on Thursday, October 26, 2017, the University of Ibadan Research Foundation During the first half of the year, the CIBN library was 2017 at the Bankers House, Victoria Island, Lagos. launched a Think Tank for Translating Research to able to fulfill its objectives in service delivery to its The theme of the Seminar was Leveraging Digital Innovations, Strategies and evidence for Policies. members and external users, in the bid to support Disruption for Women's Economic Inclusion. The Under this initiative, The Chartered Institute of research, learning and acquisition of knowledge in programme attracted participants from both the Bankers of Nigeria, is the host institution for the the areas of Banking and Finance, Accounting, public and private sectors of the economy and was special thematic group on Commerce. The Institute Auditing, Economics, Management, Administration, facilitated by 3 Resource Persons. by the virtue of this assignment coordinate all Leadership etc. It served as a resource center for relevant bodies and stakeholders in the entire information seeking students, professionals and The resource persons included Mrs. Oluwatoyin commerce landscape. resource persons. Mercy Ojo, ACIB, President, Association of The Think Tank aims to serve as a platform capable Professional Women Bankers as Keynote Speaker, of facilitating the development of “Knowledge The Library services was halted in the second half of Mrs. Linda Quaynor, General Manager, Enhancing Economy” for Nigeria. It will become a significant the year as a result of the renovation work at the Financial Innovation & Access (EFInA), Mr Seyi regional hub to foster global partnerships for CIBN Building on 7, Turton Street, Yaba, Lagos. In Akindeinde, Managing Partner, Digital Encode and promoting translations of research outcomes of high order to give room for the new development and Mrs Abimbola Agbejule, Head, Commercial, ALAT by scholastic standards to evidence for pragmatic upgrade of the physical state of the Library to a Wema policies. modern one, all the Library Books, Journals and It is instructive to mention that Dr. Segun Aina, OFR, other relevant materials were moved to the National i. Business Session On Finforward FCIB, Past President CIBN, is a Co-Chair of the Secretariat, Victoria Island, for the period of the Programme: Facilitating Financial Committee while the Registrar/Chief Executive, Mr. renovation. With the completion of the renovation of Institutions' Collaboration With Fintech 'Seye Awojobi, FCIB, chairs the thematic group on the Building, we assure our members of more Companies Commerce. efficient services. 43 Report of the Registrar/Chief Executive

APPRECIATION AND CONCLUSION No words can express my sincere gratitude and Distinguished Members, in the year under review, I appreciation for the overwhelming support and had the rare privilege, honour and opportunity to kindness the Staff of the Institute showered on me in work harmoniously and assiduously with some of the the course of executing my role in the past year. The Founding Fathers and very Senior Members of the achievements recorded would have been a mirage Institute, Stakeholders and other distinguished without their unalloyed encouragement. Nigerians. The tasks were enormous but the unflinching support and assistance from everyone I wish to appreciate in a very special way the support made them too seamless. received from the Central Bank of Nigeria, Nigerian Deposit Insurance Corporation, all Deposit Money To ensure that we continue to steer the Institute on Banks, Governing Council Members and the Office the right path, I shall continue to fulfil the Holders. responsibilities of the Institute as stated in the Act No. 5 of 2007 as follows: Once again, I thank you all as I look forward to a ·Determine the standards of knowledge and continued cordial working relationship with you. skills to be attained by persons seeking to become members of the banking profession; 'Seye Awojobi, FCIB Registrar/Chief Executive The Chartered Institute of Bankers of Nigeria ·Secure in accordance the provisions of this act, the establishment and maintenance of a register of members of the banking profession in the categories of ordinary members, student members, graduate members, associates, honorary senior members, honorary fellow and fellows of the Institute and a register of corporate members.

·Conduct professional examinations leading to the awards of certificates as may be prescribed by the Institute; and

·Ensure the furtherance, maintenance and observance of ethical standards and professionalism among practitioners of the banking profession in Nigeria.

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