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Institute of Bankers introduce new curriculum to advance banking education

Institute of Bankers introduce new curriculum to advance banking education

The Chartered Institute of Bankers of Nigeria (CIBN) on Monday says it has reviewed and developed a new syllabus with a view to incorporate modern-day technology in financial services so as to improve banking education in the institution.

The review, according to the Chairman Capacity Building and Certification Committee of the institute, Mr. Rotimi Omotoso, was to transform banking education and to ensure of standard banking practice in the whole of Africa.

Mr. Rotimi who stated this during the North-west virtual roadshow in Kano explained that the new syllabus was to confront the contemporary banking system of the 21st-century.

He added that the curriculum which was launched during the roadshow will be robust as it was produced around the present and future demands in professional banking.

“One of the conscious effort implementing the competency framework as well as ensuring the banking industry in Nigeria remains in the cutting edge of the global development profession,” Mr. Rotimi stated.

He added saying: “The Institute reviews banking professional examination syllabus once every 5 years, this is to ensure that the contents are continuously contemporary and continuously cover imagine relevant issues within and outside the banking and finance industry”.

Speaking at the roadshow, the president of the National Association of Microfinance Banks Mr Yusuf Gyallesu commended the institute for moving to revamp its existing curriculum to produce a more structured, robust and futuristic syllabus that would impact the banking system.

He said: “The idea of a roadshow on a virtual platform is indeed another innovative stride achieved by CIBN to constantly challenge the status quo through leveraging on technology to achieve its desired result”.

Also Dr. Nuruddeen Ahmed Liman, the General Manager Business Development Directorate of Jaiz Bank Plc stated that he is confident that the new syllabi will improve the knowledge, skills and competence of the next generation of professional bankers.

“The financial services industry has seen drastic technology-led changes over the past few years. The accelerating pace of technological change is the most creative force and also, the most destructive one in the financial services ecosystem today,” Dr. Liman said.

He further said: “This further reiterates the need to build and develop the requisite skills and competencies to remain relevant and meet this fast-changing reality of banking practice”.

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