We’ll constantly review bankers’ competence, says CIBN – Punch Newspap…


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The President/Chairman of Council, Chartered Institute of Bankers of Nigeria, Dr Uche Olowu, has said the council will constantly review and enhance the competence of bankers as part of its commitment to capacity development.

Olowu said this during the 2018 CIBN Graduates Induction and Prize Awards Day in Lagos on Saturday.

He said, “Let me use this medium to reaffirm the institute’s commitment to capacity building and certification, developing skills and competences of professionals and would-be professionals in the banking industry in line with our statutory mandate ‘to determine the standards of knowledge and skills to be attained by persons seeking to become members of the banking profession’.

“We recognise that we are in the era of commoditisation of competencies, as such we will constantly review and enhance the competence of the banker through continuous professional development and certification in specialised areas.”

He said the objective of the event was to elect student members who had passed the prescribed examinations and fulfilled all other conditions set by the governing council into the Associateship and Microfinance Certified Bankers cadres of membership of the institute.

A total of 784 graduates were inducted, comprising 67 were associates (Chartered Banker MBA route), 240 associates (ACIB), 413 microfinance certified bankers and 64 diploma graduates.

Olowu stated the CIBN successfully transited from paper-based examinations to computer-based testing in April 2018.

According to him, as part of its capacity building initiatives and in line with the strategic focus of the institute, the CIBN banking professional examinations are taken in The Gambia, Sierra Leone, Liberia and Ghana.

He said, “It is an undeniable fact that currently there is a great deal of pressure at work, especially in the banking and finance industry, some of which challenge the very core of banking business.”

Olowu said the emergence of digital technology had been the major disruptor that defied business as usual and long-term strategic planning.

He noted that the digital revolution had brought about a new set of challenges and opportunities.

He said, “This disruption, popularly coined the fourth industrial revolution, is characterised by a fusion of technologies dominated by robotics, artificial intelligence, virtual reality, machine learning, etc.

“The reality is that while technology is taking jobs away, it is creating new jobs. The question then should be, as individuals, do you have the skills for the new jobs created by technology? How will you not be disaggregated in the new hi-tech economy?”

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