[Nigeria] CISI and CIBN announce cooperation agreement
The Chartered Institute for Securities & Investment (CISI) and the Chartered Institute of Bankers of Nigeria (CIBN) are delighted to announce the signing of a cooperation agreement in London.
This replaces the agreement signed in Lagos in October 2015 and witnessed by CISI Chairman, Sir Alan Yarrow, FCSI(Hon), during his visit to Nigeria whilst Lord Mayor of the City of London.
The new agreement enables CIBN’s qualified members to access CISI’s internationally recognised suite of professional qualifications, continuing professional development (CPD) and integrity and ethics related products.
CISI Chief Executive Simon Culhane, Chartered FCSI, said: “We are delighted that in the very week the UK Prime Minister Theresa May is visiting Nigeria that we have had an opportunity to further strengthen our links with the CIBN in Nigeria. We are looking forward to working closely with them, particularly in offering our qualifications and membership programme to their members.”
CIBN President and Chairman of Council, Dr Uche Messiah Olowu FCIB, said: “We are very pleased to renew our relationship with the CISI, a global professional body of high repute working in London, the heart of the world’s international financial services market. Our country has a long history and strong relationship with the UK and we look forward to enhancing this.”
The CISI, the 45,000 strong global professional body with members in 104 countries, has been working in Africa since 2012 offering exams and membership across the continent, with regulatory approval for its exams in 8 countries. It opened its first African office in Kenya in June.
Last month the Ugandan Capital Markets Authority announced the CISI as one of its key partners in an initiative aimed at Ugandan licensed market representatives including dealers/traders, executive directors, analysts and compliance officers.
Other countries who have run similar certification initiatives to Uganda with the CISI include Kenya, Rwanda, Tanzania and Zambia. Over the last 18 months almost 3,500 CISI exams have been sat in Africa making it CISI’s fastest growing market.