CCCOBIN rebrands to ACCOBIN, rolls out drums for 10th anniversary

The Association of Chief Compliance Officers of Banks in Nigeria (ACCOBIN), formerly known as the Committee of Chief Compliance Officers of Banks in Nigeria (CCCOBIN) has unveiled plans to celebrate its 10 years of operation in Nigeria.

The association disclosed to newsmen on Wednesday in Lagos that a week-long event from September 16 to September 23, 2017, have been planned to commemorate a decade of pioneering interdisciplinary compliance in the Nigerian banking sector.

Over the years, the association has become the rallying point for matters concerning Anti-Money laundering and Combating the Financing of Terrorism (AML/CFT) and Compliance in general.

The Chairman of ACCOBIN, Opeyemi Adojutelegan said: “In commemoration of the 10 years 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 fight against money laundering, terrorist financing, fraud and all other criminal activities in the financial services industry and the country at large.”

Reeling out some of the achievements of the association, Adojutelegan explained that the association has increased 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.

Similarly, it has also initiated 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, among others.

According to the Chairman, Planning Committee, Franklyn Bennie, the association’s week-long activities begin on Saturday 16th September, 2017 with ‘Walk Against Corruption’; a walk to raise awareness about the serious consequences of corruption. Other programmes lined up in other days include: ‘Career Talk Day’ on Tuesday, September 19; ‘Compliance Awareness Day’ on Wednesday, September 20; ‘Compliance Conference Day’ and Ringing of the ‘Closing gong at the Nigeria Stock Exchange’ on Thursday, September 21 and ends with a ‘Gala Nite’ on Saturday, September 23.

ACCOBIN, formerly CCCOBIN was formed in 2007 by all the Deposit Money Banks (DMBs) in Nigeria. It membership now cuts across all other Development Banks, Merchant Banks, Discount Houses, International Banks in Nigeria, Law Enforcement Agencies (LEAs), The Central Bank of Nigeria (CBN), other Banking Regulators and Supervisors, the Nigerian Financial Intelligence Unit (NFIU) and the Economic and Financial Crimes Commission (EFCC).



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