The Association of Chief Compliance Officer of Banks in Nigeria (ACCOBIN) (Formerly known as the Committee of Chief Compliance Officers of Banks in Nigeria (CCCOBIN) was formed in 2007 by all the Deposit Money Banks (DMBs) in Nigeria to deepen the collaborative, cooperative and coordinating efforts among its members and all other stakeholders in the fight against Money Laundering, Terrorist Financing, Fraud and all other criminal activities in the Financial services Industry and the country at large. Ten years down the line, it has become the rallying point for matters concerning Anti-Money Laundering / Combating the Financing of Terrorism (AML/CFT) compliance in Nigeria.
In its 10 years of existence, the Committee, through collaborative effort with other stakeholders has been able to:
- Increase the awareness of the Nigerian public on the debilitating effects of Money Laundering, Terrorism Financing and other criminal activities on the socio/economic, political and development of the country.
- Initiate preventive, detective, corrective and directive programs within the banking industry to stem the tide of criminal activities in the sector.
- Promote the culture of compliance among all other sectors within the financial industry as a way of ensuring the safety, stability, security and soundness of the institutions.
- Contribute to the promotion of Nigeria’s image as a compliant country amongst AML/CFT stakeholders globally.
- Achieve a non-competitive spirit among its members on issues of fighting crime thereby influencing the success rate of Law Enforcement Agencies at fighting crime in Nigeria
In commemoration of the 10th year of its existence as an Association, the Chief Compliance Officers (CCOs) of banks in Nigeria will hold a week-long event. Over the years, ACCOBIN has developed and evolved as the Voice of Compliance in Nigeria, thus deepening the collaborative, cooperative and coordinating efforts among its members and all other stakeholders in the fight against Money Laundering, Terrorist Financing, Fraud and all other criminal activities in the Financial services Industry and the country at large.
The line-up of event starts with a Walk Against Corruption on Saturday 16th September, 2017.
Day 1 (Saturday 16th September, 2017) - Walk Against Corruption
The Committee in collaboration with other stakeholders will stage an anti-corruption walk from the Lekki Tollgate (Opposite Oriental Hotel) through Lekki Phase 1 main gate, Admiralty Road, on to the new Lekki-Ikoyi Bridge and end at Ikoyi. The Scheduled Walk Against Corruption is to raise awareness about the serious consequences of corruption.
DAY 2 (Tuesday, September 19, 2017) - Career Talk Day
On this day, Compliance Officers of all Banks country-wide are scheduled to visit selected Secondary schools to enlighten the younger generation on career opportunities in the Compliance Function and what it takes to be a Compliance Officer. This will take place simultaneously throughout the country.
DAY 3 (Wednesday, September 20, 2017) - COMPLIANCE AWARENESS DAY
The Compliance awareness day is set aside to educate the Nigerian public on the evils of major compliance related subjects like Money Laundering, Terrorism Financing, Financial Crimes, and Corruption etc. Chief Compliance Officers would be at TV and radio stations to discuss these issues and answer questions from the public.
DAY 4 (Thursday, September 21, 2017) - Compliance Conference Day and Ringing of the Closing Gong at the Nigeria Stock Exchange
The ‘CCCOBIN 10th Anniversary Compliance Conference’ with Theme “The Impact of Technology in Managing Compliance Risk in Banks” will take place on this day. Subject matter experts have been invited to make presentations on selected sub-themes that are important to banks. About 200 Compliance Professionals and other stake-holders in the Financial Services Industry are expected to attend.
The Committee has also been invited by the management of the Nigeria Stock Exchange to participate in the Closing Gong ceremony on the floor of the exchange.
DAY 5 (Saturday, September 23, 2017) - GALA NITE
To mark the end of the 10th Anniversary week, the Committee has planned a Gala Night to honour its founding members and some very special individuals and organizations that were exceptionally supportive of the Committee in its early days.
The new name/logo, website as well as the ACCOBIN sponsored Compliance Rule Book for the Financial Services Industry would be launched during the Gala night.
Looking ahead, as we pave way for the future, ACCOBIN will continually be an instrumental part of Compliance in Nigeria’s success as the industry evolves.
Thank you for being part of our great success story, as we urge you to please give us the necessary impactful visibility at this auspicious time.
We thank you for your support.
Franklyn Bennie Opeyemi Adojutelegan
Chairman, Planning Committee Chairman, ACCOBIN