Universal Insurance MD, Duru Gets CIBN Associate Membership

The managing director/CEO of Universal Insurance Plc, Dr. Jeff Duru, has been inducted as an Associate member of the Chartered Institute of Bankers of Nigeria (CIBN).

The event, which took place recently in Lagos, saw 1,242 new members inducted into its ranks of Chartered Bankers and Microfinance Certified Professionals at the 2025 Stream II induction ceremony.
The theme of this year’s induction, ‘The Smart Banker’s Compass: Innovate, Adapt, and Solve Like a Pro,’ was described as a celebration of excellence, perseverance, and professional growth in Nigeria’s banking sector.

In his welcome address, Prof. Pius Olanrewaju, president and chairman of the Council of CIBN, said the inductees had demonstrated discipline, commitment, and resilience in meeting the rigorous standards of the profession.

“True innovation extends far beyond digital tools. It is a transformative mindset that must permeate everything, from product design and process optimisation to how we build and sustain stakeholder trust,” he said.

The CIBN president urged the new members to be exemplary professionals who will drive the future of banking and finance in Nigeria and beyond.

Commenting on his induction into the prestigious institute, Dr. Jeff said : “I am happy to be inducted as an Associate member of the Chartered Institute of Bankers of Nigeria (CIBN). As an insurance expert, I gained a lot from the program. With my PhD in Finance and PhD in Business Administration with concentrate on Insurance coupled with my Fellow of the Chartered Insurance Institute of Nigeria (CIIN) and Associate of the CIBN I am now a complete financial expert.’

He said, the syllabus was rich in financial and risk management as it has broadened his horizon and gave her that experience.