Institute Targets Regulatory Excellence, Ethical Practices

The president of the Compliance Institute of Nigeria (CIN), Pattinson Boleigha, has charged professionals in the compliance space to uphold the highest standards of integrity, professionalism and ethical conduct to reshape the nation’s Corporate compliance landscape.

He disclosed this at the 8th induction and investiture ceremony in Lagos, where 665 individuals were inducted as Associates and distinguished Fellows of the Compliance Institute of Nigeria, with an Honorary Fellowship bestowed on the executive chairman of Economic and Financial Crimes Commission (EFCC),  Olanipekun Olukoyede,  executive chairman, Nigeria Communication Commission (NCC), Dr. Aminu Maida amongst others.

Boleigha reiterated that the Compliance Institute was established to encourage, promote and revive the consciousness for compliance within Nigeria’s financial and non-financial sectors while upholding compliance standards that foster processional and regulatory excellence.

He alludes that the institute, with over 5,000 members takes pride in offering the most affordable compliance certificate programme in Nigeria and across Africa to a wider audience due to the demand for certified compliance officers in the Nigerian labour market and beyond.

While Speaking further on the significance of compliance training, he said,  “Apart from compliance at workplaces, it is also very important to train the youths in compliance to checkmate criminality in the society.”

He added, “Globally there have been a lot of issues around criminality, we need compliance officers among the youths who will also take on the baton of compliance and checkmate some of the criminal activities in our system today. Nigeria and Africa can be a better place if we can keep a culture of compliance.”

Similarly, he canvassed the need to build skills among the youths so they can help maintain orderliness through imbibing basic compliance requirements in our society.

On her part, the CEO of Nigeria Financial Intelligence Unit (NFIU), Hajia Hafsat Bakari represented by the COO, of NFIU, Bashir Babagana underscored the role of the compliance officer in the compliance regime in Nigeria while alluding that stakeholders are making concerted efforts to ensure Nigeria exit from the grey list it has been placed in the first quarter of the next year, as this shows there is a concern on the complicity of the compliance system globally within the financial system.