CIBN Unveils New Strategic Initiative “A-TEAM”; Solicits Ecobank’s Collaboration

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The Chartered Institute of Bankers of Nigeria (CIBN) has unveiled a new Strategic Initiatives  with the acronym “A-TEAM” being  part of efforts by the institute to revamp banking practice in Nigeria. Speaking during a courtesy visit to the Management of Ecobank Nigeria, the President/Chairman of Council, CIBN, Bayo Olugbemi  explained that  A-TEAM as an acronym represents Accelerated Development; Technology and Digital Enhancement; Engagement for Growth; Accountability and Transparent Leadership and  Membership Drive for Value. Olugbemi commended Ecobank’s consistent support for the Institute over the years to ensure  the realization of the Institute’s mandate of determining the standards of knowledge and skills development for those seeking to become members of the banking profession.

The CIBN President stated: “We applaud Ecobank Academy as the first corporate member to become a member of the Global Business School Network and for the consistent support for the realization of the Institute’s mandate of determining the standards of knowledge and skills to be attained by persons seeking to become members of the banking profession. We therefore seek Ecobank’s collaboration and enlistment in our Endowment/Prize Awards in any subject of interest; support towards the renovation of Abuja Bankers’ House; support for the establishment of banking museum by donating artefacts and other relevant materials;  and to participate actively in training programmes of the Institute.”

Further, he congratulated Ecobank Nigeria and the Ecobank Group on winning several International awards, that includes the Best Retail Bank in Nigeria by Asian Banker ; Africa’s Best Bank for Corporate Responsibility by Euromoney (Ecobank Group); African Bank of the Year (African Banker); Innovation in Financial Services Award from African Banker (Ecobank Group); EMEA Finance African Banking Awards 2020. Also the award of ‘Outstanding Crisis Leadership – Finance & Business’ awarded to Ecobank by Global Finance and the Starsight Sustainability Award by Renewable Energy Provider Starsight for deployment of solar systems in your 150 branches across West African country with an installed solar and hybrid capacity of 11 megawatts (MW) amongst several others.

In his response, the Managing Director, Ecobank Nigeria, Patrick Akinwuntan  pledged more support and collaboration with the Institute, restating that Ecobank will continue to contribute to the efforts of the Institute to become top class and remain relevant globally. According to him, “For us at Ecobank, we are extremely proud CIBNs efforts at ensuring public discourse on the future of the Nigeria economy and the banking and finance industry. This is not in isolation of the ethics, professionalism, accountability, transparency, good corporate governance without losing focus of harnessing the opportunities technology has provided in the new world order. Be assured of our maximum support and collaboration at all times.

 Mr. Akinwuntan also identified with the efforts of the Institute to raise the bar of competency and capacity building in the industry, stressing that with sound professional conduct, every banker will be held in high esteem. He said Ecobank is working assiduously to ensure majority of its staff become members of the Institute, adding that the bank will also provide more mentees and mentors in its mentorship programme.  “We have a medium to long term programme to ensure all Ecobank Nigeria staff become chartered members of the Institute. At Ecobank, we take human capacity development very seriously. Some of our staff that wrote the last examinations are now chartered members of the Institute. We will also ensure bulk subscription of our staff. We will be nominating 30 mentors and 100 mentees to participate in the second mentorship programme”. He stated.


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