CIBN partner fintech bodies to promote professionalism

The Chartered Institute of Bankers of Nigeria has partnered FinTechNGR and Fintech Development and Advocacy Initiative, on a tripartite agreement to promote professionalism and competencies in the financial sector of the economy.

The President of CIBN, Dr. Ken Opara, disclosed this on Wednesday at a conference in Lagos.

Okpara said that it was the first time the institute was collaborating with two partners at once for the provision of certification.

He said, “I consider today a unique day in the annals of the Institute. First, this is the first time the Institute is collaborating with two partners at once for the provision of a certification. Secondly, this is the first collaboration agreement to be executed during my tenure. This initiative is a further step towards the realization of the mandate of the institute to promote professionalism whilst enhancing knowledge and competencies in the financial services ecosystem”

He reiterated the determination of the organisation to be the bridge that will engender positive handshake among all the players in the sector through capacity building, programmes, trainings, content development and sound corporate governance policies among others.

Opara added, “Under this Agreement, the three institutions have come together to award Fintech certification which offers an excellent opportunity to bridge the tech talent gap and indeed further drive the implementation of the competency framework in the banking and finance industry in Nigeria”

He applauded the Central Bank of Nigeria and the Bankers Committee for appointing the institute as the accreditation agency for the implementation of the competency framework.

Opara said that the organisation was determined to make a success of the assignment, which, according to him, will lead to service delivery.

“It is therefore imperative for us to now translate this agreement from a commitment on paper to a reality. On this note, we will not rest on our oars till the commencement of the maiden edition of the examinations in April 2023.

“I want to assure you that the time between now and then will be used to undertake the development of the framework for the curriculum and examination, development of study packs, obtain the endorsement of the Central Bank of Nigeria and other relevant bodies and creation of awareness among the stakeholders,” Opara noted.

Also speaking, the President, FinTech Nigeria, Ade Bajomo,  observed that both Fintech and the banking sector are partners.

While commending the CIBN for its commitment to deepen professionalism, Bajomo said there is distinction between banks and Fintech.

The Registrar/Chief Executive, CIBN, Dr ‘Seye Awojobi noted that the signing of the tripartite agreement is a dream come true of the journey that commenced in 2017 as the institute desires technology to scale competence and professionalism.

He noted that without Fintech, the future is uncertain.


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