CEM REPORT, SECURITY| In a significant move to bolster Nigeria’s fight against financial crimes, Pattison Boleigha, President of the Compliance Institute, Nigeria (CIN), extended a cordial visit to Olanipekun Olukoyode, Executive Chairman of the Economic and Financial Crimes Commission (EFCC), on May 2, 2024.
This courtesy call aimed to foster collaboration on enhancing financial intelligence and regulatory compliance. Boleigha invited the EFCC to engage in a collaborative relationship.
“We extend an invitation for collaborative engagement, aimed at facilitating the exchange of insights on compliance across diverse sectors,” he stated.
The Institute is ready to support the EFCC through capacity-building initiatives for compliance experts.
Boleigha also sought Olukoyode’s support for the passage of the Compliance Institute, Nigeria (CIN) Charter Bill, which had its first reading in the Senate in 2023.
“The enactment of this Bill stands to fortify Nigeria’s efforts in addressing the deficiencies that led to the ‘Grey Listing’ by the Financial Action Task Force (FATF),” he explained.
He highlighted CIN’s successful bi-weekly webinar series, averaging 700 participants per session, covering topics from compliance to anti-money laundering and data protection. He invited the EFCC to sponsor these webinars, fostering greater industry participation and knowledge sharing.
Despite commendable cooperation from members, Boleigha urged for more involvement in areas such as faculty/module development and training facilitation.
“We implore for enhanced participation, particularly in these critical areas,” he emphasized.
To further enhance expertise within the EFCC, Boleigha invited commission members to participate in CIN’s certification program.
“Our certification program is tailored to enhance knowledge and expertise within the compliance industry,” he noted.
Highlighting Olukoyode’s contributions to compliance management, corporate intelligence, and fraud management, Boleigha commended his dedication.
“Your track record of undertaking anti-corruption surveys and reviews for various law enforcement agencies, government institutions, and corporate organizations locally and internationally is a testament to your expertise,” he said.
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In his closing remarks, Boleigha invited the EFCC to sponsor its members for an upcoming compliance seminar and extended the prestigious designation of Fellowship to Olukoyode, to be conferred during the CIN’s Fellowship award ceremony later in the year.
“I respectfully appeal to you, Dear Chairman, to consider this sponsorship as a testament to your commitment to capacity-building and professional excellence,” he concluded.
The Compliance Institute, Nigeria (CIN), established over nine years ago, has been pivotal in promoting regulatory standards within Nigeria’s financial sector. With over 5,000 members, the CIN is recognized by the International Federation of Compliance Associations (IFCA) as the premier association for compliance practitioners in Nigeria.
