Institute takes training to Abuja

In its bid to improve the culture of compliance, the

The objective of the institute is entrenching the culture of compliance in all spheres of the Nigerian economy including the public sector.

According to the CIN President, Pattison Boleigha, ‘‘the Compliance profession is now at the forefront and one of the most sought after.

Virtually every corporate entity operating within a regulated space needs a compliance professional to help it navigate the complex business environment.’’

The Chairman further explained that the public sector is also full of compliance issues. Conflict of interest and Corruption for instance are compliance issues.

"Public servants in Nigeria must therefore embrace the compliance culture in order to avoid the negative consequences that come with their functions," Boeigha said.

Continuing, “Compliance has become a way of life because of the heightened level of risk all over the world,” said the, Chairman Partnership and Communications Committee, CIN, Abimbola Adeseyoju.

“Everybody living on this planet has to embrace the culture of compliance in order to manage the associated risks of life.’’

The trainings and workshops organised across the country, is an opportunity for CIN to build capacity and propagate the profession.

The Compliance Institute for Banks and Other Financial Institutions in Nigeria, also known as Compliance Institute, Nigeria (CIN) was founded in 2015.

The Institute was established to encourage, promote and revive the consciousness for regulatory compliance within and outside the financial industry in the country.

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Membership of the Institute is considered a prerequisite for working in the compliance department of any financial institution in Nigeria.

The workshop will not only identify on-the-job challenges, but also point to solutions that can help create more effective compliance and ethical environment.

The Institute seeks to create and build a body of professionals and corporate organisations 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.