The Chartered Institute of Bankers of Nigeria (CIBN) is the umbrella professional body for bankers in Nigeria. It was established in 1963 as the Nigerian Institute of Bankers and Chartered in 1990 (now Act 5 of 2007). The Principal Responsibilities
These include the determination of the standards of knowledge and skills to be attained by persons seeking to become members of the banking professio
n, conducting professional examinations leading to the award of certificates and ensuring the furtherance , maintenance and observation of ethical standards and professionalism among practitioners of the banking profession in Nigeria. Membership
The Institute has corporate and individual members. Corporate members are: The Central Bank of Nigeria, The Nigeria Deposit Insurance Corporation, all Deposit Money Banks, Development Banks, Mortgage Banks, Micro Finance Banks and Discount Houses. Vision Statement
To be the global reference point for professionalism and ethics in the banking and finance industry through thought leadership and capacity building. Core Values
Professionalism
Integrity
Innovation
Ethics
The history of the Institute dates back to November 28, 1963 when one hundred and twenty four bankers assembled at Randle Hall, Surulere and consequently passed a resolution for the establishment of the Local Centre of the Institute of Bankers, London, in Nigeria with the mandate of promoting banking education in Nigeria and esprit-de-corps among professional bankers. Thirteen (13) years after being successfully run as a local center and having gained considerable administrative experience and recorded significant success in training and educating its members, the Institute was registered in 1976 as the Nigerian Institute of Bankers, a company limited by guarantee. But it was not until 1977 that it became operational and autonomous. The metamorphosis of the Local Centre into the Nigerian Institute of Bankers represents a story of particular worth in that the attainment of this autonomous status was a fulfillment of a dream long conceived. Thirteen years of the Institute as a local center, was a period that saw the unflinching loyalty of the early Nigerian bankers to the building of a profession with evergreen offshoots offering shelters to numerous professional bankers.
