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

The Chartered Institute of Bankers of Nigeria (CIBN) has unveiled a new Strategic Initiative with the acronym “A-TEAM”, as part of its effort to revamp banking practice in Nigeria.

A-TEAM as an acronym represents:

  • Accelerated Development
  • Technology and Digital Enhancement
  • Engagement for Growth
  • Accountability and Transparent Leadership
  • Membership Drive for Value

The President & Chairman of Council of CIBN, Mr. Bayo Olugbemi, made this known, during a courtesy visit to the Management of Ecobank Nigeria.

Olugbemi commended Ecobank for its consistent support for CIBN 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 artifacts and other relevant materials;  and to participate actively in training programmes of the Institute.”

Mr. Olugbemi also congratulated Ecobank Nigeria and the Ecobank Group for winning several International awards, including:

  1. Best Retail Bank in Nigeria by the Asian Banker
  2. Africa’s Best Bank for Corporate Responsibility by Euromoney (Ecobank Group)
  3. African Bank of the Year (African Banker)
  4. Innovation in Financial Services Award from African Banker (Ecobank Group);
  5. EMEA Finance African Banking Awards 2020
  6. Award of ‘Outstanding Crisis Leadership – Finance & Business’ awarded to Ecobank by Global Finance
  7. Starsight Sustainability Award by Renewable Energy Provider Starsight for deployment of solar systems in Ecobank 150 branches across West Africa, with an installed solar and hybrid capacity of 11 megawatts (MW)

Responding, the Managing Director, Ecobank Nigeria, Mr. Patrick Akinwuntan pledged more support and collaboration with CIBN, and restated that Ecobank will continue to contribute to the efforts of the Institute to become top class and remain relevant globally.

Patrick Akinwuntan, MD/CEO, Ecobank Nigeria, 5th from left receiving some documents from Bayo Olugbemi, the President/Chairman of Council, CIBN while other senior executives of Ecobank Nigeria and the CIBN look on.

Akinwuntan said: “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 tirelessly to ensure that majority of its staff become members of the Institute, and that the bank will also provide more mentees and mentors in its mentorship programme.

The MD stated that Ecobank Nigeria has a medium to long term programme to ensure all its staff members become chartered members of the Institute. At Ecobank, he explained, “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”.

The Chartered Institute of Bankers of Nigeria is the umbrella professional body for bankers in Nigeria. Founded in November 1963, CIBN was incorporated in 1976 as the Nigerian Institute of Bankers. It was chartered in 1990, and is now covered by the CIBN Act 5 of 2007.



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