Breaking – Do You Know This Man Who Has Just Scored A Feat?

You may not have known Prof. Bayo Olugbemi before now, but the man has just scored a feat, one that would remain ready reference in time to come.

He had just become, possibly the first president of a reputable professional body, to emerge by virtual election, the 21^st president of the Chartered Institute of Bankers of Nigeria (CIBN) for the next two years.

The announcement of Olugbemi’s emergence, along with other elected officers, was one of the highlights of the institute’s virtual Annual General Meeting on Saturday, where it reviewed the 2019 financial and operational reports.

A report in NAN shows that the meeting which was coordinated and chaired by the Dr Uche Olowu, who Olugbemi will succeed as president, had members participating from across the world.

Speaking on the 2019 operations, Olowu informed members that the institute had made noteworthy improvement as a reference point in the country and across the globe.

He said that all the CIBN subsidiaries from the Centre for Financial Studies to the Press were maintaining winning ways and would continue to experience improved performance.

In the area of capacity building, he said the Institute had reviewed the syllabus of flagship Associate of Chartered Institute of Bankers (ACIB) qualification in conjunction with a top consulting firm (PwC).

According to him, this is in a bid to keep the ACIB qualification relevant and ensure that the contents meet with global standard.

He said that the electronic library which consisted electronic books, journals and other resources provided round-the-clock information and had been acquired by the CIBN Library for easy access to its users.

Olowu said that a former president of the Institute, Dr Olusegun Aina, had been re-elected as a Chairman of the Global Education Standard Board.

He also said the Institute had expanded its examination centres to Liberia, bringing the number of foreign examination outposts to five, with one in Katsina state, Nigeria.

In the area of collaboration, Olowu said that the Bankers’ Committee had approved Ethics Certification for staff of banks.

He said that 87,000 bank staff had registered on the e-learning platform, and a sizeable number had completed the certification programme.

At the event, the National Treasurer of the institute, Prof. Deji Olanrewaju, listed some of the following key developments; 7.1% increase in Net Operating Surplus of the Institute from N539million (2018) to N577million (2019).

Similarly, there was 5.8% increase in total income from 1.47 billion (2018) to N1.55 billion (2019) and 6.9% increase in IGR from N1.16 billion (2018) to N1.24 billion (2019).