Compliance Institute, Nigeria to induct 276 Members in December
The Compliance Institute, Nigeria (CIN) is set to hold its 3rd induction ceremony, on Saturday, December 7th, 2019 for student members who have successfully completed the professional examinations and certifications of the Institute in 2019 as well as award of prizes to deserving top performers in the examinations. Also expected at the ceremony are corporate titans from different sectors.
A total of 276 members who have successfully qualified for the award of the Institute’s compliance professional qualifications in examinations conducted in 2019.
According to a statement released by the President, Compliance Institute, Nigeria, Mr. Pattison Boleigha, there are 262 members who took and passed the Designate, Compliance Professional (DCP) examinations, while also also inducting 6 Associate, Compliance Institute, Nigeria (ACIN) who applied and got exemptions as compliance practitioners with the requisite qualifications and experience) and eight Honorary Fellowships of Fellow, Compliance Institute, Nigeria (FCIN) Certifications as all the certificates will be officially awarded.
Part of the statement reads, “As we congratulate the inductees for their gallant efforts in taking and passing the Institute’s examinations, we are hopeful that these new select crop of professionals will help reshape the corporate compliance culture in Nigeria, Africa and indeed the world. The skills, knowledge and expertise that they have gained will enhance their professional competencies and enable them to secure good compliance jobs and professional dignity that will help you provide value-added services to their employers, thus furthering the standards and developments of the compliance profession.
Let me emphasize that their induction as professional members naturally imposes on them, the challenges of having to, henceforth, stand tall in integrity, impeccable in character, professional in service, alert to global trends and uphold high ethical and professional standards.
We are positive they would strive, at all times to do the profession and the industry proud.
In view of the fact that Compliance skills are not very common in this part of the world, the new inductees have been given the rare privilege being amongst the home groomed compliance professionals in Nigeria and Africa. We are aware that in Europe and America today, Compliance professionals are amongst one of the highest paid staff. The compliance certification will open doors of opportunities for the inductees as compliance professionals are in very high demand today.
The political and economic environment in Nigeria and globally has recently gone through tremendous changes with a fast pace in changes in regulation in all sectors. To meet this fast pace changes, the need for compliance culture to be driven by compliance professionals becomes very expedient.
Therefore, the need to continually improve the syllabus and curriculum of the institute has also become critical. We have therefore reviewed our DCP curriculum to include more contemporary compliance topics such as better coverage of other regulatory areas such as the Pension Commission, Corporate Affairs Commission, Financial Reporting Council and other self-regulating bodies such as the ACCOBIN and the Association of Bureau De Change Operators of Nigeria, ABCON, etc.
In addition, we have commenced the process of building the ACIN certification curriculum which will cover more areas such as Corporate Governance and Ethics, Anti-Bribery and Corruption, Governance Risk Management and Compliance. The examinations for award of ACIN certification will commence in 2020 and is also expected to cover Telecommunications, manufacturing (Pharmaceutical, Foods and Beverages), Oil and Gas and Mining areas.
The Compliance Institute, Nigeria has also lined up numerous membership benefits on our website, such as on-line training facilities, webinar, podcasts, conferences and various learning resources to continually update your knowledge. Our membership registration processes are online and seamless with ability to pay online using all cards and cardless payment systems.
To further enhance the value of our certification, we are proud to inform you that Compliance Institute is now a member of the International Federation of Compliance Association (IFCA). With this our certification is recognised in all countries that is a member of the IFCA.
It is worthy of note that Compliance Institute has entered into strategic partnership with Association of Certified Anti Money Laundering Specialists (ACAMS) of Florida, The United States of America. Our partnership with ACAMS will provide our members with a wide range of 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. We have also started discussions with other sectors of the economy especially the Telecommunications, manufacturing (Pharmaceutical, Foods and Beverages), Oil and Gas and Mining areas to widen your career opportunities outside the financial services.
The Institute also partnered with Centre for a New America Securities (CNAS) to organise a one day sanction workshop in Lagos and Abuja region this year. This program was proudly sponsored by the American government and it was a huge success.
With our present membership of over 1600, we continue our drive for membership by extending to all sectors including Insurance, Pension, Micro finance, Bureau de change, Tax Administration and the Capital Market. We invite all staff of financial institutions to join membership of the institute by visiting our website to register online on www.complianceinstitute.org.ng. Our plan is to grow membership to 3,000 members by the end of 2020.
We will use our platform to organize CAMS webinar certification training from January next year. We also plan to conduct a Diploma course on Customer Due Diligence, which would be targeted at the market facing and Customer Service staff of financial institutions, because these are the set of personnel who have direct contact with customers.”