Covenant University Comes First Again, Signs Pact with CIBN on ACIB/MSc Degree Programme
Barely two weeks after Covenant University was announced the overall best in Nigeria and West Africa in the Webometrics Ranking of World Universities, the University has come first again. This time around, Covenant University is the first educational institution in Nigeria to sign a Memorandum of Understanding with the Chartered Institute of Bankers of Nigeria, CIBN, on ACIB/MSc Degree programme.
What this translates to is that, an M. Sc graduate of Banking and Finance of the University ‘automatically becomes an Associate of CIBN.’
This feat was made known by the President/Chairman of Council, CIBN, Otunba (Mrs.) ‘Debola Osibogun, FCIB, at the MoU signing ceremony on Thursday, February 19, 2015, at the Council Chambers, Bankers’ House in Lagos.
The highly elated President said, “Today’s event is very special to me for three main reasons. It is the first MoU that will be signed by me in this New Year. Secondly, this is the first M.Sc./ACIB MoU our great Institute will be signing with any University in Nigeria and I am pleased to note that Covenant University is the first University to come under this arrangement. Lastly, it will be the second MoU between the two institutions, the first being the Degree Linkage Programme MoU.
“The ACIB/M.Sc. Banking and Finance programme was designed to support the Institute in the fulfillment of her mandate and to equip participants with the knowledge and skills to cope with changes in the ever-evolving financial services industry. It is also to meet the demand and yearning of bankers who would like to further their studies up to doctoral level”, she opined.
“The programme confers a dual award of M.Sc Banking and Finance as well as Associate of The Chartered Institute of Bankers (ACIB) on candidates upon completion. With the execution of this MoU, therefore, we have opened a new vista of opportunities for Nigerians to unlock their potentials. I am delighted that the Covenant University is partnering with us to achieve our objective of building adequate human capacity for the Banking and Finance Industry in Nigeria and making our bankers a global reference point in banking professionalism”, she opined.
While re-assuring the University of the unwavering commitment of the Institute to the success of the partnership to the benefit of the two institutions and humanity at large, Otunba (Mrs.) Osibogun commended the Vice-Chancellor and the entire Management of Covenant University for their visionary leadership and commitment to transforming the educational landscape of Nigeria.
Also corroborating the CIBN President’ word, the Chairman of the Institute’s Capacity Building and Certification Committee, Barrister P. O. Olanrewaju, FCIB, noted that out of 46 Tertiary institutions contacted for the programme, only Covenant University was passionate about it.
“This template was sent at the same time to about 46 Tertiary institutions including those we have collaborations with. It was only Covenant University that could catch on to it. Covenant University is ready, willing, passionate about the programme and has what it takes.”
“I think the easiest platform for anyone to get ACIB today is to key into this kind of M.Sc programme. It is a double barrel. All you need after the programme is for Covenant University to certify that you have completed all those courses. Send in your papers for processing and you will get your ACIB”, he explained.
In his remarks, the representative of the Vice-Chancellor of Covenant University, Professor Oluranti Olurinola, who is also the Dean, College of Business and Social Sciences, , noted that the MoU came at a good time in the same month when the University was announced as number one in Nigeria and West Africa by Webometrics Ranking of World Universities.
Professor Olurinola explained, “About three years ago, we started to drive our ‘Vision One of 10 in 10’. In other words, we want to be one of the topmost 10 universities in the world and by the grace of God, we are getting there. And when we get there, it will not be CU alone; we are getting there with CIBN.”
While appreciating the President and other members of the CIBN Council, Professor Olurinola promised that the University would drive the programme with all the vigor required and expressed the belief that when the programme is due for review, the CIBN would not regret giving Covenant University the opportunity.
The Acting Registrar/Chief Executive of CIBN, Mr. ‘Seye Awojobi supervised the execution of the MoU in the presence of the representatives of both institutions.
Also on the Covenant University team at the event were the Deputy Dean, School of Business, Dr. Francis Iyoha; HOD, Banking & Finance, Dr. Ochei Ikpefan (ACIB); Distinguished Professor J. A. T. Ojo (FCIB); Assistant Registrar, Legal, Mrs. Ayodele Odaro-Osayande and Information Officer, Mr. Ayo Ajayi.
Others are senior faculty of the Department of Banking and Finance, Dr. Kehinde Adetiloye (ACIB); Dr. Felicia Olokoyo (ACIB); Dr. Grace Evbuowean; Mr. Achugamonu Bede and three postgraduate students, Mr. Owen Arasonwan; Miss Joy Edomaruse and Miss Cynthia Ikwuetogwu.