CIN Holds Hybrid Induction, Investiture Ceremony, AGM December 3rd


Nigeria’s flagship umbrella body for all Compliance Professionals and Practitioners in the country, the Compliance Institute, Nigeria (CIN), is set to increase its membership with new members joining the league of professional Compliance officers; by way of its Sixth Annual Hybrid Induction and Investiture Ceremony, scheduled to hold on Saturday 3rd December 2022 in Lagos.

The physical induction ceremony event would hold at Ijewere Hall, Chartered Institute of Bankers of Nigeria (CIBN), Lagos State, Nigeria; whilst the event will also be broadcast virtually via zoom.

During the Induction Ceremony, the Institute shall admit a new batch of Compliance Professionals who have passed its prescribed examinations. Eminent personalities within the Public and Private Sectors in West Africa who have contributed to the growth and development of the Compliance Ecosystem will also be honoured with Fellowship membership of the Institute.

The Hybrid Event which is broadcast digitally whilst both virtual and physical audiences shall be witnessed by Compliance Professionals across the sub-region including Policymakers, Regulators, Law Enforcement Officers, and, Standard Setters.

The Institute will play host to the Director General of the Inter- GovInter-Governmental group against Money Laundering in West Africa (GIABA), Numero-uno Agency for AML/CFT Compliance within the sub-region, Mr. Edwin W. Harris, who will deliver the Keynote address on the theme, ‘‘Compliance Culture & Corporate Governance: Role of Compliance Officers in the Public and Private Sectors’’.

According to the Registrar, Compliance Institute, Nigeria (CIN), Mr. Victor Oni,‘ ‘Student members, who have succeeded the professional certification examinations of the Institute in 2022, would be inducted, whilst deserving top performers in the examinations would be awarded prizes. Also expected at the ceremony are corporate titans from different sectors.’’

A total of 214 members who have successfully qualified for the award of Designate, Compliance Professional (DCP) professional qualifications in examinations conducted in 2022 would be inducted.

In 2021, 199 members took and passed the Designate, Compliance Professional (DCP) examinations. The Institute is also inducting 9 Associate, Compliance Institute, Nigeria (ACIN) who sat for and passed the prescribed certification examination for the award of the ACIN and 8 Honorary Fellowships award of the Institute, (FCIN).

All the certificates will be officially awarded.

The Annual General Meeting of the Institute will also hold immediately after the induction and investiture ceremony.

Addressing journalists on the Choice of this year’s Speaker and the importance of the topic, the President, of Compliof ance Institute, Nigeria, Pattison Boleigha said, ‘‘ After the global financial collapse over a few years ago, both the public and private sector introduced external and internal reforms to ensure it would not happen again. Whether these reforms have proven successful remains an open question. Nevertheless, there were some common messages about culta sure that many companies integrated into their ethics and compliance programs in light of the collapse. The topic is unique in every sense of it, on the premise that the compliance Institute, Nigeria (CIN) has made huge progress and innovation in the business community with aboutliance and corporate governance, and so it is expedient to x-ray in the coming year, what will be required of companies to thrive in an increasingly diverse and global consumer market. ‘’

According to Pattison Boleigha, ‘‘2023 is a defining year in the annals of our great nation’s history and indeed Africa, wherein “corporate culture” has a much broader definition and now includes, among other things, employer attentiveness to employee concerns, diversity and inclusion, and, more generally, corporate social responsibility. How companies respond to this broader culture mandate will have a significant impact on how well companies succeed in going forward. Those companies that recognrecognizedapt early the changing cultural dynamic in which we all operate will fare far better than entities that remain stagnant or turn a blind eye to the inevitable changes occurring in communities throughout the world. For us, there is no better time to dissect the issues than now’’

Fielding questions on the unique essence of the Institute, Chairman, Partnership and Communications Committee, Compliance Institute, Nigeria; Abimbola Adeseyoju, ‘‘Majority of employers require membership of the Compliance Institute, Nigeria, as pre-requisite for employment. At CIN, we have over the years, through the quality of professionals who become certified Fellow Compliance Institute, Nigeria (FCIN), Associate Compliance Institute, Nigeria (ACIN) and D, designate Compliance Institute, Nigeria Professional (DCP), consistently and practically demonstrated our unflinching commitment to the public and the private sectors, to take compliance, including compliance with international anti-money laundering and combating the financing of terrorism standards (AML/CFT), to new heights.’’

According to the Chairman of, the Mem membership Committee, Oluyemisi Olukoya, ‘‘It is very instructive to note that the global compliance landscape is constantly evolving owing to several factors, including the dynamic nature of financial crimes, emerging money laundering and terrorist financing (ML/TF) threats, advancement in technology, and the ever-changing international standards. The establishment of the Compliance Institute, Nigeria (CIN), was conceived to address the capacity gaps, promote best practice standards for the compliance profession, and ultimately, contribute to deepening compliance, including effective implementation of AML/CFT preventive measures, particularly within the financial services sector in Nigeria.’’

The Chairman of Educator ion and Training, Compliance Institute, Nigeria; Isioma Gogo-Anazodo also explained that with the fresh crop of inductees this year, Nigeria and the sub-resub-region be equipped to “up its gits on Anti-Money Laundering/Combating the Financing of Terrorism.

According to her, ‘‘The Compliance Institute, Nigeria has numerous membership benefits on our websites, such as online tronlinefacilities, webinars, podcasts, conferences, and various learning resources to continually update your knowledge. Our membership registration processes are online and seamless with the ability to pay online using all cards and cardless payment systems.’’

In the words of the Registrar, Victor Oni, ‘‘Our Vision is “To be acknowledged nationally and globally as the standard-setter for compliance practice within the financial industry in Nigeria”, whilst our Mission is to “Maintain and promote regulatory standards for the Industry by facilitating and encouraging professional development and accreditation for its members (individual and Corporate). Maintain, promote and uphold regulatory standards in industries for a respectable Compliance profession”

The Compliance Institute for Banks and Other Financial Institutions in Nigeria Ltd/GTE, also known as “Compliance Institute, Nigeria” (CIN) was registered on Thursday, 22nd January 2015 and commenced operations in 2017. The Institute was established to encourage, promote, and revive the consciousness for regulatory compliance within and outside the financial industry in Nigeria, the West African Sub-region, and, indeed globally.

T. Institute seeks to create and build a body of professionals and corporate organizations from a range of industries established and recognized for integrity, professionalism, and strict adherence to regulatory and non-regulatory standards in and outside the business environment.




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