The Chartered Institute of Bankers of Nigeria (CIBN) is the umbrella professional body for bankers in Nigeria. The 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. The Institute is authorized to regulate the banking profession, set standards for bankers, and to maintain professional ethics through sanctions against members. Corporate members include the Central Bank of Nigeria, the Nigeria Deposit Insurance Corporation and all Deposit Money Banks, Development Banks, Mortgage Banks, Micro Finance Banks and Discount Houses in Nigeria.

History

The Chartered Institute of Bankers of Nigeria was established in 1963 as the Lagos Local Centre, Institute of Bankers, London. It was in incorporated in 1976 as the Nigerian Institute of Bankers, a company Limited by Guarantee. The Institute attained Chartered status and became The Chartered Institute Of Bankers of Nigeria through Act 12 of 1990 which was repealed and re-enacted as CIBN Act No 5 of 2007. Key dates in CIBN history include:

Publications