The Chartered Institute of Bankers of Nigeria, (CIBN) has approved the training Academy of Union Bank of Nigeria Plc and awarded it full accreditation status.
The bank in a statement said the development was in recognition of its compliance with regulatory standards and best practices.
It added that the accreditation underscores the bank’s commitment to the development of its employees as outlined in its employee value proposition, a framework hinged on five critical levers including learning and career development.
Union Bank explained that its accreditation follows a recent evaluation exercise carried out by CIBN under the Competency Framework for Nigeria’s Banking and Finance Industry put in place by the Central Bank of Nigeria (CBN).
Nath Ude, executive director, service and technology of Union Bank, while commending the leadership of CIBN, said “The efforts of the Chartered Institute of Bankers of Nigeria in training Nigerian bankers is commendable. We thank them for their efforts along the lines of capacity building and changing the face of learning in the banking industry.”
Also speaking, Miyen Swomen, the bank’s head of human resources, said “Union Bank’s accreditation by this honourable body signals another very important milestone in our human capacity development efforts. Our people are a pivotal part of our ongoing transformation programme and the accreditation by the CIBN is validation of our efforts in this direction.”
While congratulating the bank on its accreditation, Prof. Segun Ajibola, the president and chairman of council of CIBN, said: “I have no doubts in my mind that this accreditation will put you in a more comfortable position towards achieving your mandate and improving the quality of your offerings as a Bank.”
Meanwhile, the certificate of accreditation and the technical report of the accreditation exercise has a validity of two years and allows for the exemption of trainees who are successful at the Union Bank Entry Level from 10 courses from a total of 19 in the Chartered Institute of Bankers of Nigeria Professional Certification examination.
Union Bank, established in 1917 and listed on the Nigerian Stock Exchange (NSE) in 1971, it is one of Nigeria’s long-standing financial institutions. The bank is a recognizable brand, with an extensive network of over 300 branches across Nigeria.