TUNFOL: Candid advice: If you desire to be grounded in real practice of Banking, then do CIBN. Mind you in many banks (especially, new generation banks) no one cares about your CIBN. There is a law in the CIBN act that criminalises practising banking without registration with CIBN . It actually prescribes 2yr jail term for offender. The act also prevents people who are not charterred Bankers from holding technical position in the banking sector. The truth is dat in practice, it is never enforced. You that has CIBN, and someone who has Bsc will be on d same level. He might even move ahead of U, if he can bring Accounts. The only thing U have ahead of him is knowledge. ICAN is better than CIBN because the later is limited to the banking sector. With ICAN, u can function in all industries because every organization needs the service of Accountant and Auditors. Though CIBN has started giving liscence to practice to members to boost entrepreneurship, but it is not as lucrative as ICAN's because the job of an external Auditor is statutory to prepared financial statement. Somebody like me for instance, I have ACIB and ACCA. I had ACIB when I was serving and even when I joined banking (despite my ACIB) I was recruited as a contract Staff because I have HND. Today, I have left banking for private practice and the truth is dat my ACCA is more useful than CIBN

samir101ng: @Ijeleigbo,

As a final year student of Banking & Finance, you already have taken all the modules required to get the ACIB certification from CIBN. Kindly go to www.cibng.org for all the necessary information you need on the CIBN certification and benefits of being a chartered member. Secondly, as regards the difference between CIBN & ICAN, they are both useful qualifications depending on the career path you wish to take. Yes, it is true that ICAN is more expensive and difficult to pass than CIBN. Moreover, with the advent of ACCA into the nigerian labour industry, some employers give more preference to that being a more global certification than ICAN. kindly check out www.icanig.org/ican/ for more information. My advice, register and attempt the CIBN exams as it will be far more easier and cheaper for you as a banking/finance student. You will be granted so many exemptions. As a chartered banker, it does carry some weight and you can work in such units like audit, finance, superivision etc. You can complete the program before your service year runs out. To attempt ICAN however as a non accounting graduate, it is estimated you will take 48months (4yrs) before finishing. Like earlier stated, its also a far more demanding course both in terms of money, time and energy.

Professional certifications are not the same as Masters. They are however a step above the B.sc as they are an acknowledgement to others that you have mastered your field (chartered). An I.T qualification is now a necessary qualification to have as jobs demand certain I.T skills. Certifications like Cisco CCNA, Oracle DBA, etc are not necessary and are too advanced anyway. A basic computer diploma or microsoft office certificate from a well recognised institute like NIIT, APTECH, etc will suffice.

pioneer: For your ICAN/ACCA/CIBN lectures, contact Excel
Associates.

Excel Associates is a foremost professional tuition
centre located in Ikorodu that provides lectures for
ATS, ICAN, ACCA, CISA and other programmes. For
enquiries, contact - 07081834869, 09092159476 or e-
mail: excelassociates2020@gmail.com,
info.excelassociates@gmail.com

pioneer: For your ICAN/ACCA/CIBN lectures, contact Excel
Associates.

Excel Associates is a foremost professional tuition
centre located in Ikorodu that provides lectures for
ATS, ICAN, ACCA, CISA and other programmes. For
enquiries, contact - 07081834869, 09092159476 or e-
mail: excelassociates2020@gmail.com,
info.excelassociates@gmail.com

Nellz19:
I'm a serving corp member and I studied BFN I Need to know which professional course is better maybe ACCA ICAN etc

Stephanie75:
I'm a final year student of Banking and Finance and I wish to sit for the CIBN exam next year. Any advice please?

Sacluxpaint:


Holla at me.

Stephanie75:

Hello sir