Chartered Institute of Bankers of Nigeria
Encyclopedia
The Chartered Institute of Bankers of Nigeria (CIBN) is the umbrella professional body for bankers in Nigeria
.
The CIBN was incorporated in 1976 as the Nigerian Institute of Bankers.
It was chartered in 1990, and is now covered by the CIBN Act 5 of 2007.
The Institute is authorized to control entry into the banking profession, to set standards for bankers and to maintain professional ethics through sanctions of erring members.
Corporate members include the Central Bank of Nigeria
, the Nigeria Deposit Insurance Corporation
and all Deposit Money Banks, Development Banks, Mortgage Banks, Micro Finance Banks and Discount Houses in Nigeria.
Nigeria
Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...
.
The CIBN was incorporated in 1976 as the Nigerian Institute of Bankers.
It was chartered in 1990, and is now covered by the CIBN Act 5 of 2007.
The Institute is authorized to control entry into the banking profession, to set standards for bankers and to maintain professional ethics through sanctions of erring members.
Corporate members include the Central Bank of Nigeria
Central Bank of Nigeria
The Central Bank of Nigeria was established by the CBN Act of 1958 and commenced operations on July 1, 1959.The major regulatory objectives of the bank as stated in the CBN act of 1958 is to: issue legal tender, maintain the external reserves of the country, promote monetary stability and a sound...
, the Nigeria Deposit Insurance Corporation
Nigeria Deposit Insurance Corporation
The Nigeria Deposit Insurance Corporation was established on 15 June 1988 to strengthen the safety net for the newly liberalized banking sector, following the recommendation of former Central Bank of Nigeria governor Ola Vincent...
and all Deposit Money Banks, Development Banks, Mortgage Banks, Micro Finance Banks and Discount Houses in Nigeria.
See also
- List of banks in Nigeria
- Institute of Chartered Accountants of NigeriaInstitute of Chartered Accountants of NigeriaThe Institute of Chartered Accountants of Nigeria is a professional accountancy body in Nigeria.It is one of the two professional accountancy associations with regulatory authority in Nigeria, the other being the Association of National Accountants of Nigeria .The relationship between the two...
- Association of National Accountants of NigeriaAssociation of National Accountants of NigeriaThe Association of National Accountants of Nigeria is one of the two professional accountancy associations with regulatory authority in Nigeria, the other being the Institute of Chartered Accountants of Nigeria ....
(ANAN)