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COVID 19: CIBN Moves To Stabilise The Nation’s Banking and Financial System With Competent Manpower

By Elizabeth Chukwuma

The Wuhan Town of the Hebei Province of the Asian country of China emerged coronavirus, popular, COVID 19, appears to have  given  Bayo Olugbemi, President, Chartered  Institute of  Bankers of Nigeria, CIBN, and other officials of the Institute, an opportunity ‘’to redirect  the nation’s banking sector towards  the path  of entrenching a sequenced competency  development programme and build capacity for the stability of the financial system’’.

This is to ensure that the nation’s Banks  compete favourably with banks in other parts of the world in the post COVID 19 era.  The Institute, according to insider sources had given  Certificates of Accreditation to some  Institutes both with and outside country to serve as learning center to achieve the development and capacity building capacity programme for the Banking industry as a way to stabilizes the battered economy due to COVID 19.

As a prelude to achieving the desired objective,  the Institute, under the close watch of Olugbemi, was said to have issued ecently Certificates of Accreditation  to Heritage Bank plc, under the close watch of Ifie Sekibo, owned Academy, popular, the Refinery,  and the Central Bank of Nigeria, CBN ,Crown Agent and Chartered Institute for Securities and Investments, CISI, which are  based in in the United Kigdom, UK,  B. Adedipe  Associates Limited, The Nigerian Stock Exchange X Academy,Limited, Katalyst Consulting,  Knowledge Beyond  Limited, and Bideswell Consulting  Limited.  

Others on the list of the accredited Aademies, Institues and Consulting Firms included  Ultravantage  Solutions, EdgeEcution Global Resources, Katalyst Consulting, Michael Stevens Consulting, NLP Nig. Limited, Procept Assoiates, Professional Services Limited and Don Mitchell & Co. Limited. This is in addition to Bode Zakari Management Consultants, Success for ALL Limited, Edcof Educational Sevices Limited and Klverharris Limited.

The Accreditation of Heritage Bank Refinery Academy, according to Fela Ibidapo, Divisional Head,  Corporate Communications, of the bank brings to 19, the number of Bank training schools that had been issued Certificate of Accrediataion by CIBN.

The Institute may not have limited the Accrediation exercise to Bank Training schools. It was said to have Accredited 25 Education service Providers in the recent exercise , thus bringing the number of such service providers in the country to 75. It was said to have also given Certificate of Accrediations to 69 unsolicited and six unsolicited others within and outside the country.

Ibidapo, the Divisional Head of the Heritage Bank Corporate Communications who gave an  insight about the Accreditation of the Bank’s Refinery Academy, supervised  by the Bank’s  Human Capital Group, said ‘it was  accredited  by the Institute  after assessing  and evaluating its syllabus, curriculum and  structure  by a Panel of technocrats  including the seasoned Bankers set  up by the Institute’’.

Ifie Sekibo: Managing Director, Heritage Bank

He noted that based on  the Institute’s report which confirmed  that  the Academy’s syllabus, curriculum and structure perfectly ‘’aligns  with the Competency Framework of the CBN, under the close-watch of Godwin Emefiele, and the Professional Paper standard of CIBN’’, had made the issuance of the certificate of  Accreditation to the Acaademy join other approved Bank Academies, Institutes and Consulting Firms to train Professionals for the nation’s Banking Industry and Financial system.

Recall that speaking during the presentation of the Certificates of Accreditation, to the Heritage Bank and the other selected Institutes including  Consultng Firms, who got the CIBN, approval, Bayo Olugbemi, the President, who could not hide his feelings had said ‘’the event marks yet  another significant  milestone  in the annals  of the Institute, and its continued quest for the strengthening  of the intellectual resources and capabilities of the human capital in the nation’s banking and Finance sector’’.

He explained that   apart from  the efforts currently being  made  towards addressing  the Competency challenges in the Banking  industry, the issuance of Certificate of  accreditation toHeritage Bank plc and 25 others, was also intended at enthroning  a minimum standard for practitioners in the nation’s Banking  industry’’. Olugbemi  was said to have applauded the Sekibo  managed heritage  Bank for setting ‘’a high standard  of learning facility  which its  structure and curriculum ‘’ is next  to that of the apex Bank  training  Institute’’.

 Financial analyst believe that the Heritage Refinery Training Academy believe that the Institute may have considered ‘’is in the Class of the United Bank for Africa, UBA, plc a Pan African Bank, Zenith Bank plc, Guarantee Trust Babk, popular, GTB, Acess Bank plc and First Bank of Nigeria, plc training school, described as the best in the nation’s banking industry as they wre said to beat  ‘’par  with international best standards’’.

An elated Sekibo, the Rivers state born Managing Director  of the new generation Bank who could not hide his feelings that  Refinery Academy owned by the Bank  is on the list of the CIBN selected 19 Bank Academies  providing Professional Educational  Training services  to Banking Practitioners.

 Recall that  UBA  plc, Zenith, GTB  and First Bank, training school , had been providing such services to the Institute over the years without any allegation of non performance.This may have informed why , Sekibo,  described Heritage ‘’as a forward  looking Bank which ’’strength  lies  in the ability to spot and mould  talents into great Professionals’’.

 Jude Monye, an Executive Director inthe Bank, who was said to have collected the Certificate of Accreditation for the heritage Refinery Academy from Olugbemi, the CIBN, President , on behalf  of the school, believes the Bank’s Academy Academy  madde the CIBN list  ‘’for the purpose  of refining its employees to emerge as gold and harness the required skills to excel in their job functions’’.

According to him ‘’the Refinery Academy, which is a name  given to the Heritage   training school, was established to train , nurture and arm young employees with the right skills needed  to fast-track development and enable teams to flourish’’

.Many believe that the  Heritage Refinery Academy  may have taken a cue from the UBA plc training  school as’’it was  designed to  take  participants on an enriching  rigorous and intellectually engaging  learning journey  to  equip  them with Fundamental Competencies required of a Professional Banker.

They noted that the curriculums are structured in such a way that it would accommodate  both core and non-core Banking  graduates  such as Finance, Credit and Accounting, Organisational  and  Behavioural Competencies among others who want to become chartered.

About  300 bank  employees of the bank  who are fresh from Universities both within and outside the country with diverse Academic backgrounds were said to have  been given a 12-week  academic, practical and theretical training  with over 30 courses in the Heritage Academy in PortHarcourt.  

There are  indications that more employees of the Bank are soon to undergo refresher courses in the school to further equip them  with the skills of the Banking job with the advance indigital technology.

Stephen Ubanna

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