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Agency Banking Certificate

The need to find ways for everyone to access financial services led to the development of agency banking in the 2000s. Agency banking refers to the use of third parties for the provision of banking and other financial services to the public. This concept enables banks and other financial institutions to extend their services to locations where they may not have physical presence.

Since 2013 when the Central Bank of Nigeria released the guidelines on the operations and management of agency banking, the initiative has resulted in the ubiquity of financial service agents across Nigeria, resulting in a significant and growing portion of financial transactions being conducted through them.

The growth in its importance as the critical part of the value chain in enhancing financial inclusion has necessitated the need to deepen the knowledge of the operators(agents).

It is in view of this that the Chartered Institute of Bankers of Nigeria is pleased to introduce a respectable and widely accepted Agency Banking Certification Programme for intending, upcoming and existing professionals to address the capacity challenges in the ecosystem and strengthen financial inclusion in the country.

The programme provides an all-around knowledge, practical engagement with industry experts, and participation in standard procedures for conducting an agent banking business in Nigeria. By this, the agents would have the right knowledge and skill sets to deliver quality customer experience with the required credibility.

Earning the Certification will not only stand the holders out, it will grant them membership of a professional body which will provide the assurance of their legitimacy and professional competence to handle specialized banking services.

It will equally be a key requirement for the Central Bank of Nigeria and intervention organisations, pre-qualification for participating in major government projects, and access to business finance.

ELIGIBILITY

The Programme will be opened to all individuals from all disciplines and all sectors of the economy who are interested in becoming Certified Agent Bankers provided they meet the minimum requirements for membership registration, as approved by the Institute from time to time.

REGISTRATION PROCEDURE

The final registration for the maiden CIBN AGENT. The Flag-off session of the CIBN ABC Program for registered candidates has been scheduled to commence on February 1 2024. CIBN Membership Numbers has already been issued to those that have registered during the initial registration period.

Registration closes Tuesday 2nd April, 2024

Training Commences - Thursday February 1st with a commencement session by Regitrar of CIBN , Curriculum Review , Special Session by NIBSS on AfrigoCard and BVN Project

Interested candidates can only register via accredited groups, which are Agent Aggregators, Authorised Training Institutes, Industry Associations, Financial Institutions, Service Providers, Government Agencies, Community Associations, etc.

The Chartered Institute of Bankers of Nigeria is the only professional body in the banking and finance approved by the Act of Parliament to determine the standards of knowledge and skills to be attained by persons seeking to become members of the banking profession and conduct professional examinations. It was also appointed by the Central Bank of Nigeria as the Accreditation Agency for the implementation of the Competency Framework in the banking industry.

OTHER RELEVANT INFORMATION

(a) Membership Registration & Examination Fees: The fees for membership registration and for examinations in the four papers in Foundation Level is N33,000( thirty-three thousand naira only)

(b) Period of Examinations: The maiden examinations for the certification are expected to be held in April 2024 as will be announced by the Chartered Institute of Bankers of Nigeria.

Subsequently, the examinations will take place twice in a year in April and October in line with the schedule of CIBN.

(d) Curriculum: The content of the programme is rich, comprehensive, and fit for purpose.