Nigeria’s compliance body for all Compliance officers in Nigeria, and tone-setter on issues bothering on but not limited to Anti-Money Laundering and corporate governance- the Compliance Institute, Nigeria, a non-profit organisation, is set to stage its fifth annual and second virtual Induction ceremony and Annual General Meeting, on Saturday, 4^th December 2021.

 

The all-important digital events which would hold online via zoom will play host to the Director, Nigerian Financial Intelligence Unit, Alhaji Modibo Haman Tukur as keynote Speaker with the theme, ‘‘Fostering Common AML/CFT Compliance Standards in Africa – The Need for regional co0operation, Coordination, and Collaboration’’.

 

Student members, who took and have successfully completed the professional certification in Designate, Compliance Professional (DCP) examinations, Associate, Compliance Institute, Nigeria (ACIN) and Fellow, Compliance Institute, Nigeria (FCIN) Certifications of the Institute in 2020, would be inducted, whilst deserving top performers in the examinations would be awarded prizes. All the certificates will be officially awarded. Also expected to attend the ceremony, are corporate titans from different sectors.

 

With over 2,500members across all sectors of the economy, a total of 100 members who have successfully qualified for the award of the Institute’s compliance professional qualifications in examinations conducted in 2021, would be inducted on the 4^th December 2021. The Annual General Meeting will hold immediately online after the induction ceremony.

 

In the words of the Chairman, Induction Planning Committee, 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 the industry for a respectable Compliance profession”

Addressing journalists on the importance of how training of compliance Professionals help in combating crime, money-laundering, and terrorist financing, President Compliance Institute, Nigeria, Pattison Boleigha said, ‘‘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, especially the FATF standards/methodology, with an attendant rise in the number and complexity of legislative and regulatory frameworks, as well as progressive enforcement by authorities. Unfortunately, reporting institutions in low-capacity countries, including Nigeria, until now, lacked the required capacity to keep pace with the changes in the compliance environment. The establishment of the Compliance Institute, Nigeria, 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 of Education and Training, Compliance Institute, Nigeria; Isioma Gogo-Anazodo also explained that with the fresh crop of inductees this year, Nigeria 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 also lined up numerous membership benefits on our website, such as online 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 card-less payment systems.’’

 

Fielding questions on the unique essence behind setting up 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 sector, to take compliance, including compliance with international anti-money laundering and combating the financing of terrorism standards (AML/CFT), to new heights.’’