Training / Case Studies

IFC/FITC Corporate Governance

Activity:

FITC in collaboration with the Global Corporate Governance Forum (GCGF) of the IFC organised the Corporate Governance and Board Leadership Training Series II.

Outcome:

Sixteen (16) Directors from banks and other operators in the financial services sector attended the programme which was held in March, 2013.

Impact:

Participants were able to share real life experiences and learn how to practicalise knowledge and skills acquired to improve their effectiveness on their various boards.

International Continuous Education Programme (ICEP)

Activity:

An International Workshop on Risk Oversight in the Boardroom was organised for Chairmen, Managing Directors, Executive/Non-Executive Directors of banks and other financial institutions.

Outcome:

Twenty-nine (29) Directors consisting of two (2) Chairmen, twenty two (22) Non-executive Directors, one (1) Executive Director, three (3) Audit Committee Chairmen, as well as one (1) Independent Director from deposit money banks and primary mortgage institutions attended the programme held at the Metropolitan Palace Hotel, Dubai, UAE in May, 2013

Impact:

Participants disclosed that the programme has broadened their understanding of their role in risk management process. The programme presented a practical implementation of concepts learned.

Annual Continuous Education Programme for Directors of Banks: A programme held in Collaboration with CBN

Activity:

The 2013 edition of the Continuous Education Programme for Directors of Banks and Other Financial Institutions on Leveraging Global Perspectives in Building Sustainable Financial Institutions was organised in collaboration with CBN.

Outcome:

The programme, which was held in October had Forty-eight (48) participants, from seventeen financial institutions. A breakdown of the attendees showed that three Chairmen, one Managing Director, one Deputy Managing Director, ten Executive Directors and thirty-three Non-Executive Directors, attended the programme.

Impact:

Deliberations were centred on how boards can leverage global opportunities to creatively ensure sustainable financial institutions. Feedback from the participants indicated that the programme was value-adding, as it equipped them with the knowledge required in positioning their institutions for competitive advantage beyond compliance.

Board Retreat

Activity:

A board retreat was organised for a bank that recently obtained a merchant banking license in Nigeria.

Outcome:

The retreat, which had nine (9) Directors in attendance, was held in February, 2013.

Impact:

Feedback from participants suggest the retreat exposed them to the regulatory environment in Nigeria and the implication for the bank’s operations.

2013 Continuous Education Programme for Directors of Primary Mortgage Bank

Activity:

The 2013 Continuous Education Programme for Directors of Primary Mortgage Banks (PMBs) on Financial Management and Corporate Governance for Board Effectiveness in the Emerging Mortgage Banking Sector in Nigeria was held in collaboration with the Mortgage Banking Association of Nigeria 

Outcome:

Nineteen (19) Directors consisting of one (1) Chairman, fourteen (14) Non-Executive Directors, three (3) Managing Directors and one (1) Executive Director attended the programme, which provided a forum for a review of the emerging issues and ongoing reforms in the mortgage banking subsector. 

Impact:

The programme underscored the importance enhancing the skills of Directors of PMBs to successfully lead their institutions into sustainable high performance through the knowledge of financial management and sound governance principles. The feedback from the participants suggest that the programme was a value-add.

2014 Edition International Continuous Education Programme

Activity:

An international workshop on Financial Oversight and Reporting  was organised for  Directors of Banks and Non-Bank Financial Institutions   

Outcome:

The 2014 edition, which held in May, at the Al-Ghurair Rayhaan Hotel, by Rotana, Dubai, had thirty-seven (37) Directors, drawn from Nigeria and Ghana, in attendance. A breakdown of participation showed that three (3) Chairmen, twenty-one (22) Non-Executive Directors, one (1) Deputy Managing Director, three (1) Executive Director, three (3l) Audit Committee Chairmen and members, four (4) Independent Directors, two (2) Company Secretaries, as well as one (1) Chief Operating Officer, attended the programme.

Impact:

Participants reported that the workshop enhanced their capacity to be more rigorous in overseeing the enterprise-wide risk management process, and more engaged with professionals responsible for financial control and reporting, as well as be in a position to have more meaningful discussions with auditors, management and regulators. Feedback from participants revealed that the programme was highly impacting.

30th Edition of the Continuous Education Programme

Activity:

The 30th edition of the Continuous Education Programme for Directors of Banks and Other Financial Institutions on Board Effectiveness for Sustainable Value Creation was organised, in collaboration with the CBN

Outcome:

The programme, which was held in October, had sixty-four (64) participants, from seventeen (17) financial institutions in attendance. An analysis of attendees showed that four (4) Chairmen, four (4) CEOs, forty-three (43) Non-Executive Directors, one (1) Independent Director, one (1) Deputy Managing Director and eleven (11) Executive Directors, participated.

Impact:

At the end of the workshop, delegates were able to derive high quality networking and perspective exchange, gained deeper insights into the emerging broader context of the global business environment and regulatory issues for board effectiveness, and acquired knowledge to leverage the risk and rewards of information technology advancement. Also, through a panel discussion, the participants were able to enhance their understanding of wider issues of corporate governance from stakeholders’ perspective.

Learning Intervention Programme

Activity:

Streams of learning intervention was organised for a first tier financial institution on:

Basic Banking Operations

Basic Credit Analysis and Management;

Corporate Finance;

Risk-Based Auditing;

Problem Loans: Warning Signals, Assessment and Recovery;

Delivering Service Excellence in Banking Services;

Advanced Banking Services Management

 Understanding Infrastructure Finance;

Branch Service Management;

Fraud and Forgeries Detection, Prevention and Control;

Risk-based Auditing;

Loan Remedial Management and Early Warning Signals

 

Outcome:

Seven hundred and forty-seven (747) participants across various job functions benefited from the programme, which held between September, 2012 and November, 2014 in Lagos, Ibadan, Jos, Kano and Enugu.

Impact:

Feedback from the participants revealed that the programmes have enhanced their residual knowledge on emerging issues in banking operations as well as developed their competences to effectively appraise credit requests; carry out an audit exercise with priorities for high risks activities; equipped them with the tools and techniques required to actively detect and prevent potential problem loans; and improve on service delivery at every touch point of the bank. Participants also attested to the quality of knowledge and skills gained from each learning sessions. They reported enhanced capability to perform optimally on their job, given their exposure to the dynamics of project finance, fraud and forgeries detection and prevention, as well as improved competence to forestall risk arising from operational activities, thereby ensuring overall service excellence.

Capacity Enhancement Programmes

Activity:

Series of capacity enhancement programmes were organised for both fresh and experienced hires of a recapitalised bank on:

Intermediate and Advanced Bank Inspection and Internal Control;      

Entry-level Induction on Retail Banking Operations and Funds Transfer

Corporate Fraud, Detection, Prevention and Control

Managing Banking Operations

Outcome:

Nine hundred and sixty-five (965) participants benefitted from these programmes, which were held between March, 2012 and February, 2014 in Lagos, Kaduna, Ibadan

Impact:

Participants attested to the value-add experience, gained from the training programmes. They were equipped with the requisite skills on: how to protect the integrity of their internal control systems; create pre-emptive control strategies in reducing operating cost of the bank; exposed to compliance related issues in banking operations; and gained insights on delivering service excellence.

In-Plant on Best Practice Audit Reporting

Activity:

Two streams of Best Practice Audit Reporting was organised for one of the leading regional indigenous banks in Nigeria.

Outcome:

The programme, which had eighty (80) participants in attendance, was held in Kaduna.

Impact:

Feedback received from the participants showed that the programme was impactful as it equipped them with the necessary skills to write and assess actionable audit reports and present it in a clear and concise manner.

Learning Intervention Programme for Newly Recruited Hires

Activity:

Streams of training on Basic Credit were organised for newly recruited and experienced hires of a vibrant second tier commercial bank in Nigeria.

Outcome:

A total of two thousand and two-hundred and eighty three (2,283) trainees were trained between February 2012 and June, 2015 in Lagos, Owerri and Abuja.

Impact:

The programme exposed the trainees to foundational knowledge and practical experience in credit. They were equipped with the special skill required in the lending business and learn the techniques for mitigating credit risks that may negatively impact the bank’s lending function 

Capacity Enhancement Programme for a Recapitalised Bank

Activity:

Series of capacity enhancement programmes were organised for both fresh and experienced hires of a recapitalised bank on:

 

Intermediate and Advanced Bank Inspection and Internal Control;    

Entry-level Induction on Retail Banking Operations and Funds Transfer;

Corporate Fraud, Detection, Prevention and Control;

Managing Banking Operations.

Outcome:

Nine hundred and sixty-five (965) participants benefitted from these programmes, which were held between March, 2012 and February, 2014 in Lagos, Kaduna, Ibadan.

Impact:

Participants attested to the value-add experience, gained from the training programmes. They were equipped with the requisite skills on: how to protect the integrity of their internal control systems; create pre-emptive control strategies in reducing operating cost of the bank; exposed to compliance related issues in banking operations; and gained insights on delivering service excellence.

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