Author Topic: Compliance Institute Inducts Bankers  (Read 133 times)

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Compliance Institute Inducts Bankers
« on: December 12, 2017, 06:18:02 AM »
The Compliance Institute, Nigeria (CIN) has inducted a new crop of professionals that would fight corruption, money laundering and terrorism financing in the financial sector.

Over 900 pioneer members cutting across three membership categories of Fellow, Compliance Institute, Nigeria (FCIN), Associate, Compliance Institute, Nigeria (ACIN) and Designate Compliance Professional (DCP) were inducted at a ceremony held at the Pan Atlantic University, Lagos.

The CIN said it will continue to encourage, promote and revive the consciousness for compliance within and outside the financial industry in the country.

The CIN President, Pattison Boleigha said the activities of the institute would further help to salvage the image of Nigeria abroad.    ?We intend also to use this to create professionals who will help all institutions in the country to be able to come up with policies to monitor crime, money laundering, corruption and even terrorists? financing. So, we are heading towards the right direction and we believe with these, we will begin to gain more respect in the international community and open more doors for companies and industries in Nigeria who would no longer be considered as high risks as it is today,? Boleigha stated.

While the institute is currently open to only those in the financial services sector the president hinted that plans were underway to incorporate other sectors.

Former Director-General, Inter-governmental Action Group against Money Laundering in West Africa, Shehu Abdullahi said the appointment of a compliance officer in any financial institution is a mandatory regulatory requirement, as well as a requirement of international standards.

Speaking on ?The Role of the Compliance Officer in Achieving Business Sustainability? Abdullahi said ?within every financial institution, the Compliance officer plays critical roles, including ensuring that the organization has systems of internal control that adequately measure and manage the risks that it faces, and providing an in-house compliance service that effectively supports business areas in their duty to comply with relevant laws, regulations, internal procedures and international standards.?

He enjoined all newly inducted members to make professionalism, integrity and ethical standard their watch words. In all, 623 Professional Members, 23 Associate and 62 Fellows were inducted into the Institute.

At the end of its 1st Annual General Meeting of Trustees of the Compliance Institute, CIN conducted over the weekend, the following board members were elected to run the affairs of the Institute for the next two years.

Pattison Boleigha was elected President of the Institute, Aminu Buhari Isah as Vice President, Raheem Awodeyi as Treasurer and Abimbola Adeseyoju as Publicity Secretary. Three other Trustees were elected into the board namely: Mrs Isioma Gogo-Anazodo, Mr Rotimi Omotayo and Mrs Oluyemisi Olukoya.


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Compliance Institute Inducts Bankers
« on: December 12, 2017, 06:18:02 AM »


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