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Competency Framework


The Central Bank of Nigeria (CBN), in November 2012, released the final version of the Competency Framework for the Nigerian Banking Industry. According to the document, “the recent global financial crisis exposed the inadequacy of skills and dearth of executive capacity in the banking industry”. The observed skills gap, which had concomitant effect on banking practices and operations, was blamed on lack of:
  • A co-ordinated industry-recognised training accreditation and certification system; and
  • Competency standards for practitioners in the industry.
As part of the on-going banking sector reforms, the CBN came up with the Competency Framework to re-direct the banking industry towards the path of entrenching a sequenced competency development programme that will build capacity for the stability of the financial system.

It is against this backdrop that The Chartered Institute of Bankers of Nigeria (CIBN), in line with its statutory responsibilities as contained in its Act No. 5 of 2007, was appointed as the sole accreditation agency under the Competency Framework. By the Act No. 5 of 2007, the CIBN is empowered, among other things, to:

  1. Determine the standards of knowledge and skill to be attained by persons seeking to become members of the banking profession; and
  2. Ensure the furtherance, maintenance and observance of ethical standards and professionalism among practitioners of the banking profession in Nigeria.
The central purpose of the Accreditation of Education/Training Service Providers (ETSPs) under the Competency Framework is to entrench a quality assurance mechanism that will ensure that the ETSP is qualified to provide the desired training, and that the programme of the ETSP meets the learning objectives and will impact the knowledge, skills and competencies required for each job role.

In line with the Competency Framework, this Guideline for Accreditation of ETSPs for the Banking Industry in Nigeria will focus on two cardinal areas:

  • Accreditation/Certification of ETSPs; and
  • Post-Accreditation Monitoring and Evaluation of ETSPs.


Please click here to download and read more.

DIRECTORY OF ACCREDITED EDUCATIONAL TRAINING SERVICE PROVIDERS
S/N NAME OF INSTITUTION DATE ACCREDITED ADDRESS
1 West Africa Institute for Financial & Economic Management (WAIFEM) September 15, 2016 West Africa Institute for Financial & Economic Management (WAIFEM)
Central Bank of Nigeria Learning Centre
P.M.B 2001
Satellite Town, Lagos State
2 Financial Datanet House Ltd (FDHL) September 15, 2016 Honidell Huts
Units 9 & 11 Osborne Terrace Houses
Udi Street, Osborne Estate,
Ikoyi - Lagos
3 Tom Associates September 15, 2016 Tom Associates
5/7 Alade Lawal Street,
Opposite Anthony Police Station
Off Ikorodu Road, Anthony Village
Lagos State