The Compliance Institute, Nigeria (CIN), a body of professionals set up to encourage, promote and revive the consciousness for compliance within and outside Nigeria’s financial industry, has concluded plans to induct 276 fresh members at its third induction ceremony.
The ceremony, which is scheduled to hold on Saturday, December 7, 2019, in Lagos, will expand its membership base to over 1,600 and have in attendance student members who have successfully completed the professional examinations and certifications of the Institute in 2019, as well as corporate titans from different sectors. Also, prizes will be awarded to deserving top performers in the examinations.
“A total of 276 members who have successfully qualified for the award of the Institute’s compliance professional qualifications in examinations conducted in 2019,” Pattison Boleigha, President/Chairman of CIN Board, said Wednesday at a press conference marking the beginning of activities lined up for the ceremony in Lagos.
A breakdown of the inductees reveals that the Institute will officially award certificates to 262 members, who took and passed the Designate, Compliance Professional (DCP) examinations. It will also be awarding Associate, Compliance Institute, Nigeria (ACIN) certifications to six individuals with the requisite qualifications and experience who applied and got exemptions as compliance practitioners.
In addition to this, Honorary Fellowships of the Compliance Institute, Nigeria (FCIN) certifications will also be awarded to eight new fellows.
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The induction is coming after CIN became a member of the International Federation of Compliance Association (IFCA), a move that would further enhance the value of its certification and its recognition in all countries that is a member of the IFCA, according to the Institute.
“We congratulate the inductees for their gallant efforts in taking and passing the Institute’s examinations,” Boleigha said. “We are hopeful that these new select crop of professionals will help reshape the corporate compliance culture in Nigeria, Africa and indeed the world.”
The president further added that the skills, knowledge and expertise that the inductees have gained will enhance their professional competencies and enable them to secure good compliance jobs and professional dignity that will help them provide value-added services to their employers, thereby furthering the standards and developments of the compliance profession.
While he acknowledged that their induction as professional members would naturally impose on them, the challenges of having to, henceforth, stand tall in integrity, impeccable in character, professional in service, alert to global trends and uphold high ethical and professional standards, he expressed optimism that they would strive, at all times to do the profession and the industry proud.
“Compliance skills are not very common in this part of the world, the new inductees have been given the rare privilege being amongst the home groomed compliance professionals in Nigeria and Africa,” he said. “We are aware that in Europe and America today, Compliance professionals are amongst one of the highest-paid staff. The compliance certifications will open doors of opportunities for the inductees as compliance professionals are in very high demand today.”
Boleigha pointed out that the CIN has reviewed its DCP curriculum to include more contemporary compliance topics such as better coverage of other regulatory areas such as the Pension Commission, Corporate Affairs Commission, Financial Reporting Council and other self-regulating bodies such as the ACCOBIN and the Association of Bureau De Change Operators of Nigeria, ABCON among others.
More so, the Institute also commenced the process of building the ACIN certification curriculum which will cover more areas such as Corporate Governance and Ethics, Anti-Bribery and Corruption, Governance Risk Management and Compliance. “The examinations for the award of ACIN certification will commence in 2020 and is also expected to cover Telecommunications, manufacturing (Pharmaceutical, Foods and Beverages), Oil and Gas and Mining areas,” he said.
CIN also entered into a strategic partnership with Association of Certified Anti Money Laundering Specialists (ACAMS) of Florida, The United States of America to provide its members with a wide range of professional resources at highly discounted rates. The Institute also partnered with Centre for a New America Securities (CNAS) to organise a one-day sanction workshop in Lagos and Abuja region this year.
