The Chartered Institute of Bankers of Nigeria (CIBN) - CIBN, Nigeria

CHARTERED INSTITUTE OF BANKERS OF NIGERIA – CIBN

1.0 INTRODUCTION

The Chartered Institute of Bankers of Nigeria (CIBN) is the umbrella professional body for bankers in Nigeria. The history of the Chartered Institute of Bankers of Nigeria dates back to November 1963, It started in Lagos as a Local Centre of the Chartered Institute of Bankers of London. It was incorporated as a company limited by guarantee in 1976 and attained a Chartered status on 18th May, 1990 with the Federal Government Decree No. 12 of 1990, now CIBN Act No. 5 of 2007.

The Statutory Responsibilities of the Institute are:

·    To determine the standards of knowledge and skills to be attained by persons seeking to become members of the banking profession;

·     To secure, in accordance with the provisions of the Act, the establishment and maintenance of a register of members of the banking profession in the categories of Ordinary Members,

·    Student Members, Graduate Members, Associates, Honorary Senior Members, Honorary Fellows and Fellows of the Institute, and a register of Corporate Members;

·      To conduct professional examinations leading to the award of certificates as may be prescribed by the Institute;

·      To ensure the furtherance, maintenance and observance of ethical standards and professionalism among practitioners of the banking profession in Nigeria.

2.0 OBJECTIVES

·       To be the preferred professional body for career progression opportunities.

·  To enhance the quality of competencies through accreditation, certification and continuous professional development.

·       To ensure adherence to best practices and strong commitment to ethical behaviour.

·       To be the preferred choice in research and intellectual discourse.

·    To improve our relevance through strategic partnerships with regulators, operators and other relevant bodies.

·     To strengthen our internal capacities of people, processes and technology to achieve operational excellence

3.0 VISION

To be a global reference point for professionalism and ethics in the banking and finance industry.

4.0 VALUES

·       Excellence

·       Professionalism

·       Integrity

·       Commitment

·       Ethics

·       Transparency

5.0 SYLLABUS STRUCTURE

The Governing Council of the Institute reviews the syllabus and structure of the Institute’s Professional Examination periodically so that the contents can reflect the dynamic changes taking place within the financial services industry. It is in this spirit that the syllabus and structure of the Institute’s Professional Examination had been recently reviewed.

The new syllabus and structure took effect from January, 2014. Linkages between subjects have been included in the structure of the syllabus to enable candidates identify subjects that are related and to develop adequate background knowledge for each level of the examination.

The new syllabus is divided into two parts: the Diploma Examination and the Professional Examination. The Professional Examination consists of two levels: the Intermediate Professional level and the Chartered Banker Level.

The table below shows the structure of the new syllabus compared with the old syllabus.

DIPLOMA EXAMINATION SYLLABUS

Old Syllabus	New Syllabus
Certificate in Banking	Diploma Level
·       Business Communication Skills ·       Principles of Economics ·       Introduction to Financial Accounting ·       Introduction to Business Law and Ethics ·       Introduction to Business Finance ·       Principles of Management ·       Information and Communication Technology (ICT) ·       Elements of Banking ·       Quantitative Techniques (QT)	·       Elements of Banking ·       Basic Economics ·       Accounting and Business Finance ·       Business Law ·       Fundamentals of Marketing ·       Information and Communication Technology (ICT) ·       Quantitative Techniques (QT) ·       Business Communication Skills
Foundation
·       Economics ·       Business Accounting ·       General Principles of Law

ACIB PROFESSIONAL EXAMINATION SYLLABUS

Old Syllabus	New Syllabus
Intermediate	Intermediate Professional Level
·       Quantitative Techniques (QT) ·       Financial Economics ·       Elements of Banking	·       Financial Economics ·       Financial and Management Accounting ·       Marketing of Financial Services ·       International Trade and Finance ·       Strategic Management and Leadership ·       Corporate Financial Management
PE I
·       Financial and Management Accounting ·       Management Theory and Practice ·       Information and Communication Technology (ICT)
PE II
·       Law, Ethics and Corporate Governance ·       Marketing of Financial Services ·       International Finance ·       Research Methodology
PE III	Chartered Banker Level
·       Practice of Banking (P.O.B) ·       Bank Lending and Credit Administration ·       Strategic Management in Financial Service ·       Corporate Finance	Core Subjects (to take all) ·       Banking Law, Ethics and Corporate Governance ·       Bank Lending and Credit Administration ·       Management of Financial Institutions ·       Practice of Banking (P.O.B) Electives (to choose anyone) ·       Financial Planning and Control ·       Treasury Management ·       Human Capital Management (HCM) ·       Banking Regulation and Supervision ·       Principles and Practice of Risk Management

6.0 DIPLOMA EXAMINATION

The new Diploma Examination consists of the following subjects:

§  Elements of Banking,

§  Basic Economics,

§  Accounting and Business Finance,

§  Business Law,

§  Fundamentals of Marketing,

§  Information and Communication Technology,

§  Quantitative Techniques and

§  Business Communication Skills.

The objectives of the examination at the Diploma level include:

·       Developing and expanding the understanding of the Financial Service Environment

·       Ensuring a steady stream of Industry ready technical level professionals.

·       Equipping candidates with requisite knowledge and expose them to modern banking practices and processes that will enable them fit in properly into the banking system from the first day of their employment.

7.0 PROFESSIONAL EXAMINATIONS

The Professional Examination consists of two levels: the Intermediate Professional level and the Chartered Banker Level. The objective of these levels of the examination is to provide candidates with the professional knowledge and skills required to take up middle/senior management and leadership role in the banking and finance industry.

(i) Intermediate Professional Level

The Intermediate Professional level consists of the following six subjects:

§  Financial Economics,

§  Financial and Management Accounting,

§  Marketing of Financial Services,

§  International Trade and Finance,

§  Strategic Management and Leadership and

§  Corporate Financial Management.

(ii) Chartered Banker Level

The Chartered Banker level consists of four core subjects and five electives. A candidate is expected to select only one elective subject out of the five available subjects.

The core subjects in this level include:

§  Banking Law, Ethics and Corporate Governance,

§  Bank Lending and Credit Administration,

§  Management of Financial Institutions and

§  Practice of Banking.

The elective subjects are as follows:

§  Financial Planning and Control

§  Treasury Management

§  Human Capital Management

§  Banking Regulation and Supervision

§  Principles and Practice of Risk Management

8.0 TRANSITION PERIOD

A transition period of one year (i.e. 2 examination diets) commencing from January 2014 will be allowed. In other words, the old Regulations and Syllabus and the new Regulations and Syllabus will run concurrently for one year (2014) i.e. both will be used for April 2014 and October 2014 Professional Examinations. The new syllabus will thereafter constitute the only basis for the Examination from the April 2015 diet. Subjects hitherto passed in the Old Syllabus will be carried as passed in the New Syllabus.

9.0 GENERAL REGULATIONS

(i) Application for Membership

Application forms for membership registration are obtainable from the Institute’s website (www.cibng.org), the National Secretariat, Lagos, National Secretariat Annex, Abuja, Eastern Zonal Office, Owerri and branches nationwide. Prospective members are encouraged to register on-line.

(ii) Annual Membership Subscription

Annual membership subscription fees are due by 1st January of each year.

(iii) Registration for Examination

Registration for examination is mandatory, candidates are expected to register for examinations per diet.

(iv) Payments

Payments may be made in Bank Drafts or Bank Cheques in favour of The Chartered Institute of Bankers of Nigeria, Lagos while on-line payments can be effected using ATM Cards, e-Tranzact Cards, CIBN e-Tranzact, or Interswitch Debit/Cash Cards, instruments obtainable from the branches of most banks.

(v) Eligibility

Candidature is open to all individuals from all disciplines and all sectors of the economy who are interested in becoming professional/chartered bankers, provided they meet the minimum qualification requirements approved by the Governing Council, from time to time.

(vi) Entry Qualification for Examinations

·     Diploma Examination: The minimum qualification for the Diploma level is Senior Secondary School Certificate (Minimum of 5 credits, including English and Mathematics)

·  Professional Examination: The minimum qualification for Intermediate Professional and Chartered Levels could be any of the following: CIBN Diploma, Higher National Diploma, First Degree, equivalent professional qualification recognized by the Institute, or any other equivalent qualification from a recognized institution.

(vii) The approved minimum pass mark for all subjects is 50%

10.0 EXEMPTIONS

Exemptions are subject to review from time to time. Currently, they are as follows:

(a) Exemptions for Diploma Examination

S/N	Qualification	Exemptions Applicable	Subjects to be Examined
1.	ND/NCE ND/NCE (Banking and Finance) or (Financial Studies) from Institutions on Linkage Programme	 All subjects at Diploma level EXCEPT Quantitative Techniques.	 Quantitative Techniques
2.	CIBN-Accredited Institutions ND/NCE (Banking and Finance)	 All subjects at Diploma level EXCEPT Quantitative Techniques and Information & Communication Technology	 Information and Communication Technology  Quantitative Techniques
3.	Non-Accredited ND/NCE ND/NCE (Banking and Finance) or (Business related Courses)	 Subject for subjects based on Official Transcript.	 Information and  Communication Technology.  Quantitative Techniques  Elements of Banking**  Basic Economics**  Accounting and Business Finance**  Business Law**  Fundamentals of Marketing**  Business Communication Skills**
4.	Other qualifications accepted by the Institute	 Subject for subjects based on Official Transcript.	 Information and Communication Technology  Quantitative Techniques  Elements of Banking**  Basic Economics**  Accounting and Business Finance**  Business Law**  Fundamentals of Marketing**  Business Communication Skills**

** Exemption to be based on transcript(s)

(b) Exemptions for ACIB Professional Examination

S/N	Qualification	Exemptions Applicable	Subjects to be Examined
1.	ACIB Degree/HND Linkage B.Sc./HND(Banking & Finance) from Institutions on the Linkage Programme	 All subjects at Intermediate Professional level EXCEPT International Trade and Finance.  Management of Financial Institutions at Chartered Banker level based on transcript	Intermediate Professional Level  International Trade and Finance Chartered Banker Level  Banking Law, Ethics and Corporate Governance  Bank Lending and Credit Administration  Practice of Banking Plus one Elective from the following:  Financial Planning and Control  Treasury Management  Human Capital Management  Banking Regulation and Supervision  Principles and Practice of Risk Management
2.	CIBN-Accredited Institutions B.Sc./HND (Banking & Finance) from Institutions accredited by CIBN	 At Intermediate Professional level, exemptions granted include: Financial Economics, Financial & Management Accounting, Marketing of Financial Services  None at Chartered Banker Level	Intermediate Professional Level  International Trade and Finance  Strategic Management and Leadership  Corporate Financial Management ** Chartered Banker Level  Banking Law, Ethics and Corporate Governance  Bank Lending and Credit Administration  Management of Financial Institutions  Practice of Banking Plus one Elective from the following:  Financial Planning and Control  Treasury Management  Human Capital Management  Banking Regulation and Supervision  Principles and Practice of Risk Management
3.	Non-Accredited Institutions B.Sc./HND (Banking & Finance) from Institutions not accredited by CIBN	 At Intermediate Professional level exemptions granted include: Financial Economics.  None at Chartered Banker Level	Intermediate Professional Level  International Trade and Finance  Strategic Management and Leadership  Financial and Management Accounting  Corporate Financial Management  Marketing of Financial Services  Strategic Management and Leadership Chartered Banker Level  Banking Law, Ethics and Corporate Governance  Bank Lending and Credit Administration  Management of Financial Institutions  Practice of Banking Plus one Elective from the following:  Financial Planning and Control  Treasury Management  Human Capital Management  Banking Regulation and Supervision  Principles and Practice of Risk Management
4.	Related Disciplines B.Sc./HND in related disciplines, e.g. Business Administration, Economics, Accountancy, etc.	 Subject for subject exemption at Intermediate Professional level with the EXCEPTION of International Trade and Finance.  None at Chartered Banker Level	Intermediate Professional Level  International Trade and Finance  Financial Economics**  Financial and Management Accounting**  Strategic Management and Leadership**  Corporate Financial Management**  Marketing of Financial Services** Chartered Banker Level  Banking Law, Ethics and Corporate Governance  Bank Lending and Credit Administration  Management of Financial Institutions  Practice of Banking Plus one Elective from the following:  Financial Planning and Control  Treasury Management  Human Capital Management  Banking Regulation and Supervision  Principles and Practice of Risk Management
5.	Other Related Professional Qualifications Holders of Professional Qualifications e.g. ACA, ACCA, ACIS, ACTI, ACS	 Subject for subject exemption at Intermediate Professional level with the EXCEPTION of International Trade and Finance  None at Chartered Banker Level	Intermediate Professional Level  International Trade and Finance  Financial Economics**  Strategic Management and Leadership**  Corporate Financial Management**  Marketing of Financial Services**  Strategic Management and Leadership** Chartered Banker Level  Banking Law, Ethics and Corporate Governance  Bank Lending and Credit Administration  Management of Financial Institutions  Practice of Banking Plus one Elective from the following  Financial Planning and Control  Treasury Management  Human Capital Management  Banking Regulation and Supervision  Principles and Practice of Risk Management
6.	ACIB/ M.Sc. Banking & Finance, MBF, MBA (Finance option) Linkage	 All subjects at Intermediate Professional level EXCEPT International Trade and Finance.  Management of Financial Institutions at Chartered Banker level based on transcript	Intermediate Professional Level  International Trade and Finance Chartered Banker Level  Banking Law, Ethics and Corporate Governance  Bank Lending and Credit Administration  Practice of Banking, Plus one Elective from the following:  Financial Planning and Control  Treasury Management  Human Capital Management  Banking Regulation and Supervision  Principles and Practice of Risk Management
7.	M.Sc. Banking & Finance, MBF, MBA (Finance option)	 Subject for subject exemption at Intermediate Professional level based on Official Transcript with the EXCEPTION of International Trade and Finance.  Management of Financial Institutions at Chartered Banker Level based on transcript.	Intermediate Professional Level  International Trade and Finance  Financial Economics**  Financial and Management Accounting**  Marketing of Financial Services.**  Strategic Management and Leadership**  Corporate Financial Management** Chartered Banker Level  Banking Law, Ethics and Corporate Governance  Bank Lending and Credit Administration  Management of Financial Institutions**  Practice of Banking Plus one Elective from the following  Financial Planning and Control  Treasury Management  Human Capital Management  Banking Regulation and Supervision  Principles and Practice of Risk Management
8.	MBA, M.Sc., Ph. D., in Social and Management Sciences	 Subject for subject exemption at Intermediate Professional level with the EXCEPTION of International Trade and Finance  None at Chartered Banker Level	Intermediate Professional Level  International Trade and Finance  Financial Economics**  Strategic Management and Leadership**  Corporate Financial Management**  Marketing of Financial Services**  Strategic Management and Leadership** Chartered Banker Level  Banking Law, Ethics and Corporate Governance  Bank Lending and Credit Administration  Management of Financial Institutions  Practice of Banking Plus one Elective from the following  Financial Planning and Control  Treasury Management  Human Capital Management  Banking Regulation and Supervision  Principles and Practice of Risk Management
9.	All Other Degrees/HND and Professional qualifications .e.g ACIPM, ANIM, ANIPR etc	 Subject for subject exemption at Diploma and Intermediate Professional levels with the EXCEPTION of International Trade and Finance  None at Chartered Banker Level	Diploma Level  Elements of Banking**  Basic Economics**  Accounting and Business Finance**  Business Law**  Fundamentals of Marketing**  Information and Communication Technology**  Quantitative Techniques**  Business Communication Skills** Intermediate Professional Level  International Trade and Finance  Financial Economics**  Strategic Management and Leadership**  Corporate Financial Management**  Marketing of Financial Services**  Strategic Management and Leadership** Chartered Banker Level  Banking Law, Ethics and Corporate Governance  Bank Lending and Credit Administration  Management of Financial Institutions  Practice of Banking Plus one Elective from the following  Financial Planning and Control  Treasury Management  Human Capital Management  Banking Regulation and Supervision  Principles and Practice of Risk Management

** Exemption to be based on transcript(s)

(c) Exemptions for Practitioners.

Criteria for Eligibility

The criteria for eligibility are as follows:

·       The prospective candidate must have spent not less than 10 years in the Banking and Finance Industry.

·       He/she must have attained a minimum of manager grade.

·       He/she has obtained an academic/professional qualification such as:

§                 B.Sc/HND in Banking and Finance

§                 B.Sc/HND in a related discipline like Economics, Business Administration and Accounting.

§                ACA, ACIS, ACIPM or any other qualification as may be prescribed by the Governing Council           from time to time.

·       Candidate must be registered with the Institute as a student or in any other membership category except Graduate, Associate and Fellow grades.

S/N	Qualification	Exemptions Applicable	Subjects to be Examined
1.	B.Sc./HND (Banking & Finance)	 All subjects at Intermediate Professional level EXCEPT International Trade and Finance.  Management of Financial Institutions at Chartered Banker level based on transcript.	Intermediate Professional Level  International Finance and Trade Chartered Banker Level  Banking Law, Ethics and Corporate Governance  Bank Lending and Credit Administration  Management of Financial Institutions**  Practice of Banking Plus one Elective from the following:  Financial Planning and Control  Treasury Management  Human Capital Management  Banking Regulation and Supervision  Principles and Practice of Risk Management
2.	Related Disciplines B.Sc./HND in a related discipline, e.g. Business Administration, Economics, Accountancy, etc.	 Subject for subject exemption at Intermediate Professional level with the EXCEPTION of International Trade and Finance  Management of Financial Institutions at Chartered Banker level based on transcript.	Intermediate Professional Level  International Trade and Finance  Financial Economics**  Financial and Management Accounting**  Strategic Management and Leadership**  Corporate Financial Management**  Marketing of Financial Services** Chartered Banker Level  Practice of Banking,  Bank Lending and Credit Administration  Banking Law, Ethics and Corporate Governance  Management of Financial Institutions** Plus one Elective from the following  Financial Planning and Control  Treasury Management  Human Capital Management  Banking Regulation and Supervision  Principles and Practice of Risk Management
3.	Other Related Professional Qualifications Holders of Professional Qualifications, e.g. ACA, ACCA, ACIS, ACTI, ACS	 Subject for subject exemption at Intermediate Professional level with the EXCEPTION of International Trade and Finance  Management of Financial Institutions at Chartered Banker level based on transcript.	Intermediate Professional Level  International Trade and Finance  Financial Economics**  Strategic Management and Leadership**  Corporate Financial Management**  Marketing of Financial Services**  Strategic Management and Leadership** Chartered Banker Level  Banking Law, Ethics and Corporate Governance  Bank Lending and Credit Administration  Management of Financial Institutions**  Practice of Banking Plus one Elective from the following  Financial Planning and Control  Treasury Management  Human Capital Management  Banking Regulation and Supervision  Principles and Practice of Risk Management
4.	M.Sc. Banking & Finance, MBF, MBA (Finance option)	 Subject for subject exemption at Intermediate Professional level with the EXCEPTION of International Trade and Finance.  Management of Financial Institutions at Chartered Banker level based on transcript.	Intermediate Professional Level  International Trade and Finance  Financial Economics**  Financial and Management. Accounting**  Marketing of Financial Services.**  Strategic Management and Leadership**  Corporate Financial Management** Chartered Banker Level  Banking Law, Ethics and Corporate Governance  Bank Lending and Credit Administration  Management of Financial Institutions**  Practice of Banking Plus one Elective from the following  Financial Planning and Control  Treasury Management  Human Capital Management  Banking Regulation and Supervision  Principles and Practice of Risk Management
5.	MBA, M.Sc., Ph.D., in Social and Management Sciences	 Subject for subject exemption at Intermediate Professional level with the EXCEPTION of International Trade and Finance.  Management of Financial Institutions at Chartered Banker level based on transcript.	Intermediate Professional Level  International Trade and Finance  Financial Economics**  Strategic Management and Leadership**  Corporate Financial Management**  Marketing of Financial  Services** Chartered Banker Level  Banking Law, Ethics and Corporate Governance  Bank Lending and Credit Administration  Management of Financial Institutions**  Practice of Banking Plus one Elective from the following  Financial Planning and Control  Treasury Management  Human Capital Management  Banking Regulation and Supervision  Principles and Practice of Risk Management

** Exemption to be based on transcript(s)

(viii) Exemption Forms

Exemption Application Forms are obtainable on-line or from the National Secretariat, Lagos, National Secretariat Annex, Abuja, Eastern Zonal Office, Owerri and branches.

(ix) Examinations

(a) Membership Registration: Candidates for the examinations must have registered as student members before the intended examinations. Membership registration numbers obtained will be used as the examination numbers.

(b) Examination Diets and Entry Forms: The examinations shall be held bi-annually. Candidates are expected to register for the examinations on-line or via manual forms as may be specified in the Examination advertisement from time to time.

(c) Conduct of the Examinations

§  The packets of question papers shall be opened by an accredited Examination Superintendent in the presence of the candidates at the time of the examination.

§  Candidates must endeavour to quote their correct examination numbers on their answer scripts and adhere strictly to the examination rules and regulations.

(d) Results: Results shall be released on-line soon after each examination but not later than six (6) weeks.

(e) Fees: Examination entry forms must be accompanied by the appropriate fees.

(f) Payments: Payments may be made in Bank Drafts or Bank Cheques in favour of "The     Chartered Institute of Bankers of Nigeria", while on-line payments can be effected using ATM Cards, e-Tranzact Cards, CIBN e-Tranzact, or Interswitch Debit/Cash Cards, instruments obtainable from the branches of most banks.

(g) Refund of Fees: Once an entry has been accepted, there will be no refund of fees. However, fees can, on request, be carried forward to the next examination diet only. Any request for deferment must be made at least one month to the examination date.

(h) Closing Dates: Examination entry forms with appropriate fees must be received by the Institute not later than the advertised closing dates.

(i) Examination Centres: Examination Centres are as listed on the Institute’s website and examination application form.

(j) Change of Centre: Change of examination centre is allowed only as a result of a transfer from one location to another. Request for change of centre should be in writing and must be received by the National Secretariat at least 3 weeks to the examinations.

(k) Correspondence: In all correspondence with the Institute concerning examinations, candidates should please quote their membership numbers.

(l) Discipline: Disciplinary actions as prescribed by the Governing Council shall be taken against any candidate found guilty of examination misconduct. Such disciplinary actions are as stated below:

NB: Sanctions against offenders shall be published in the Institute’s website and journals

Important Notices

(i) No exceptions to the regulations can be made on account of entries or correspondence lost or delayed in transmission. Candidates should therefore send their entries on or before the stipulated deadline.

(ii) Forms should be completed in all respects and with correct information and attachments.

(ii) The Governing Council’s decisions in all aspects of the examinations are final and no action shall lie against the Institute and/or its officers.

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