CIBN Relaunches Mentorship Program to Address Banking Sector Gaps

Friday, Feb 19, 2021 / 10:00 AM / CIBN / Header image credit: CIBN

The Chartered Institute of Bankers of Nigeria (CIBN) has relaunched its mentorship program to shape and transform the minds of young banking professionals.

Mr. Bayo Olugbemi, President / Chairman of the Board of the Institute made the statement during his address to the CIBN Relaunch Virtual Mentoring Scheme on the topic: “Mentoring: Unlocking Career Potentials and Possibilities”.

Mr. Olugbemi told the more than eight hundred attendees who attended the event virtually, that the Institute had identified mentoring as a tool to bridge the gap between learning, ethics and professionalism.

The President of CIBN said that the relaunch of the institute’s mentoring program was necessary as the program had been enriched with new features. The enhanced program which runs on a responsive and user-friendly mobile app went live on June 17, 2020, with more than 600 mentors and mentees appointed by CEOs of banks nationwide.

The Chief Executive Officer of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda, who was the special guest of the event, advised bankers to use the CIBN mentoring program to improve the skills and knowledge of young people bankers. He said the commitment to mentoring the younger generation would go a long way in ensuring the sustainability, security and soundness of the banking sector.

He added that to be a successful professional such a professional must be ambitious, willing to go the extra mile, must strive to be a value enhancer, and must be exceptional. He or she must be able to teach and eager to learn from other people who have been successful in the same career path.

“To young bankers, I invite you to make the most of these opportunities. I am convinced that with the cooperation of stakeholders, the CIBN mentoring program will be a benchmark for other organizations,” he said. .

Yuguda says young bankers need to be mentored by experienced professional colleagues as they advance in their careers, because the banking profession is built on trust and professionalism. He said these values ​​could be taught but are reinforced when demonstrated by senior bankers and emulated by their younger colleagues.

In his comments, former FBN Holdings Plc Company Secretary Mr. Tijani Borodo said banking industry professionals need to imbibe desirable attributes in their professional and personal lives. He said that in order to be bankers, people must have a good character; they must be trustworthy and honest, with banks and regulators making sure that they are professional, have capacity and demonstrate competence.

Deputy Director, Enterprise Development Center (EDC), Pan Atlantic University (PAU), Ms. Nneka Okekearu, who was the guest speaker at the event, said mentoring is a two-way and collaborative relationship that most often occurs between senior and junior colleagues for the growth, learning and career development of a junior colleague.

She noted that mentoring programs would benefit mentees in many areas of their working life, such as acquiring new skills and deepening knowledge; she said such programs would provide the support of an impartial advisor, ensure a higher professional profile, allow for better career progression, support increased institutional knowledge and provide a better understanding of how the organization works, how of which things are done and would raise awareness of other work approaches.

According to Okekearu, for there to be good mentoring, there must be confidence in the process, employees must have confidence that the exercise was not being used for personal evaluation and that conversations remain between the two parties. She insisted that there must also be an impact. In other words, there must be a measurable and identifiable goal.

She said there has to be a partnership between the mentor and mentees in order for the desired goals to be achieved. Mentors provide a safe environment in which employees can think introspectively without being judged and provide specific feedback rather than advice, she says.

In conclusion, Ms. Okekearu listed the imperatives for a successful mentoring program with the acronym (TIPSCT): T – Trust, I – Impact, P- Partnership, S – Skills Enhancement, C – Collaboration, T – Track

Other speakers at the event were Mr. John Obaro, Founder and CEO of Systemspacs; Ms. Lowo-Adesola Oluyemisi Abidemi, MD / Head, Financial Institution Africa, Standard Chartered Bank Ltd; Ms Opeyemi Oduwole, Country Manager, Private Banking, Sterling Bank Plc, Ms Chinwe Egwim, Senior Economist, FBNQuest Merchant Bank, Ms Bukola Oluyadi, Ag. Group Head, Client Value Management and Strategic Communication, Polaris Bank Ltd.

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