FCMB’s Training Academy Receives CIBN Accreditation


The capacity building and the training programmes offered by First City Monument Bank (FCMB) Limited’s Training Academy have received due recognition and positive affirmation.

The Academy has been certified and granted full accreditation status by the Chartered Institute of Bankers of Nigeria (CIBN). This is due to its compliance with best practices and other requirements set by the Institute.

The certification came at the end of a recent evaluation exercise carried out by the CIBN which is the sole accreditation agency under the Competency Framework for the country’s Banking and Finance industry put in place by the Central Bank of Nigeria.

The FCMB Training Academy is a full-fledged learning and development centre responsible for the continuous building of skills and the expansion of knowledge base of new and existing staff of the Bank. It is to effectively equip them as professional bankers. Over the years, the Academy has upgraded the quality of its offerings to further add value to the Bank and its staff. These include the introduction of an industry leading e-learning platform, hiring of internal and external facilitators of high repute and provision of modern facilities.

According to a statement, during the evaluation exercise, the CIBN team carried out various reviews and processes regarding the services provided by the Academy. These covered operating procedure, programmes and curriculum, quality of internal and external pool of faculty, programme delivery and evaluation process and facilities in place, among others.

Speaking at the certificate presentation ceremony in Lagos on May 12, 2016, the President/Chairman of Council of the CIBN, Mrs. Debola Osibogun said: “I am indeed elated that First City Monument Bank (FCMB)’s Learning Academy has also joined the league of institutions certified to provide training services in the industry. I thank the Chief Executive Officer (CEO) of FCMB, Mr. Ladi Balogun for deeming it fit to tap into the scheme for the benefit of staff”.

Also, the Group Managing Director/Chief Executive, Mr. Ladi Balogun, said: “This is another landmark achievement. It is a clear demonstration that the various strategic approaches we have adopted to boost our workforce’s learning and development through our Training Academy are yielding the desired results and our stakeholders appreciate them.”

Balogun, who was represented by the Bank’s Divisional Head, Human Resources and Change Management, Felicia Obozuwa, added that capacity building and innovation are key priorities of the bank.