Liberia, Nigeria Collaborate To Improve Banking Sector

L-R: Liberia Bankers Association’s John Davies, CBL Governor Milton Weeks, Prof. Ajibola and Mr. Segun Shonubi, CIBN’s director of Capacity Building after signing the agreement

The Chartered Institute of Bankers of Nigeria has signed an agreement with the Central Bank of Liberia and the Liberia Bankers Association for the establishment of a CIBN examination centre and provision of technical assistance for the proposed Bankers Institute of Liberia.

The CIBN, in a statement on Monday, said the development was in furtherance of one of its objectives to become Africa’s foremost professional body in the provision of capacity building for the banking and finance industry.

This was the second time the institute executed a cross-border agreement with a professional body and central bank within the West African sub-region.

The CIBN had in 2012 signed a similar agreement with the Central Bank of The Gambia.

The agreement is currently yielding positive fruits as banking professionals in The Gambia have completed different stages of the CIBN examinations.

According to a statement, the objective of the relationship is to nurture and produce skilled workforce for the Liberian banking sector.

It read in part, “This auspicious occasion has the potential of elevating and improving the competency and skills of those working in the Liberian banking industry.

Source: News Now/ The Punch

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About Cholo Brooks 12612 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.