Compliance Institute to Induct 160 new Members at AGM, Plans to Deepen Culture
The Compliance Institute, Nigeria (CIN) has unveiled plans to induct over 160 newly certified members at its 2nd Induction and Annual General Meeting (AGM) scheduled for the 8th December, 2018 at Chartered Institute of Banks in Nigeria (CIBN), Victoria Island, Lagos.
Speaking at a press conference in Lagos, the President of the Institute and chairman of the board, Mr. Pattison Boleigha, FCIN, said the up-coming induction event is yet another giant stride towards actualizing Nigeria’s efforts to stem the scourge of corruption, defeat terrorism and instill discipline and a culture of compliance in Nigeria.
According to the President, a total of over 150 newly certified members who successfully sat for and passed the Institute’s compliance professional examinations will be awarded Designate Compliance Professional (DCP).
Another 10 members will be decorated with Associate, Compliance Institute, Nigeria (ACIN) after applying for and obtaining exemptions as compliance practitioners with the requisite qualifications and experience while 25 prominent compliance practitioners in Nigeria will also be receiving the prestigious Honorary Fellowship, Compliance Institute, Nigeria (FCIN-H).
As part of the AGM programme, the Institute will also commission for use, its ultra-modern office. Polaris Bank Plc provided the office space while Sterling Bank Plc and Access Bank Plc funded the interior design work.
Giving a background to institute’s relevance, Mr. Boleigha explained that the Compliance Institute for Banks and Other Financial Institutions in Nigeria Ltd/GTE also known as “Compliance Institute, Nigeria” (CIN) was incorporated on Thursday, 22nd January 2015 as a ‘Company limited by Guarantee” to meet the fast pace of regulatory changes, by helping to build a compliance culture driven by compliance professionals.
“The Institute was established to promote professionalism, facilitate cooperation and maintenance of compliance standards”.
He also noted that to continue to be relevant in the fast paste change oriented environment, the CIN has reviewed it’s DCP curriculum to include more contemporary compliance topics such as Anti-Bribery and Corruption, Ethics, Governance and Treating Customers Fairly. The examinations for award of ACIN certification will commence in 2019 and is also expected to cover Telecommunications, manufacturing (Pharmaceutical, Foods and Beverages), Oil and Gas and Mining areas.
“The Institute is entering into a strategic partnership with a notable compliance body, the Association of Certified Anti Money Laundering Specialists (ACAMS) of Florida, United States of America. The partnership with ACAMS will provide CIN members with a wide range of compliance professional resources at highly discounted rates. Arrangements have also been concluded to provide scholarships for indigent student members to encourage more student members to get compliance certifications”, revealed the President.
The Institute which is currently pursuing its Chartered status at the National Assembly presently has a membership strength of about 1200 and hopes to grow its membership to 3,000 by the end of 2019. It consequently invites interested individuals to visit its website www.complianceinstitute.org.ng. for information on how to become a member. It offerings include on-line training facilities, webinar, podcasts, conferences and various learning resources to continually update knowledge
“With the coming of the institute to Nigeria and Africa, it is poised to set the right tone for compliance in the continent. Compliance should be part of all organization’s operations and need to be entrenched in all staff and compliance officers”