September 21, 2023

The Compliance Institute, Nigeria (CIN) has reiterated its commitment to getting professionals comply with set out guiltiness and promote professionalism in industries.

The institute said it will be building a body of professionals and corporate organisations from a range of industries established and recognised for integrity, professionalism, and strict adherence to regulatory and non-regulatory standards in and outside the business environment.

To achieve this goal, the institute  will be inducting 214 members who have successfully qualified for the award of Designate, Compliance Professional (DCP) professional qualifications in examinations conducted in 2022.

The membership drive will enable the new intake join the league of professional compliance officers at the Sixth Annual Hybrid Induction and Investiture Ceremony, scheduled to hold on December 3 in Lagos.

Compliance professionals across the sub-region including policymakers, regulators, law enforcement officers and standard setters will attend the event.

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 institute, will play host to Director- General of the Inter- Governmental Action 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 successfully completed 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.’’

Addressing journalists on the Choice of this year’s Speaker and the importance of the topic, President, Compliance 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.

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 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 Chairman, 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 Education and Training, Compliance Institute, Nigeria; Isioma Gogo-Anazodo also explained that with the fresh crop of inductees this year, Nigeria and the sub region would be equipped to “up it’s game” on Anti-Money Laundering/Combating the Financing of Terrorism.

According to her, ‘‘The Compliance Institute, Nigeria has numerous membership benefits on our website, such as on-line training facilities, 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”

Leave a Reply

Your email address will not be published. Required fields are marked *