THE CHARTERED INSTITUTE OF
BANKERS OF NIGERIA
PROFESSIONAL CODE OF
CONDUCT

CONTENTS						PAGE NOS

PREAMBLE							1

PROFESIONAL RESPONSIBILTY			2

CHAPTER ONE: 	Professional Code of Conduct	3

CHAPTER TWO: 	Degree 12 of 1990 Part v		6 

CHAPTER THREE: Schedule of Offences
             		Punishable under the 
Code of Conduct 			11
CHAPTER FOUR: 	Enforcement of the 
		       	Code of Conduct			13
CIBN Mission & Objectives					14
APPENDIX							15
		
PREAMBLE 
This Professional Code of Conduct cannot and does not prescribe behaviour for every eventuality. 

Therefore members are required to observe the spirit as well as in letter. Members are urged to read the code carefully and commit themselves to its letters. This code must be read along with the Institute's Memorandum and Articles of Association, CIBN Decree 12 of 18 May 1990 and together with the Banks and Other Financial Institutions Decree of 1991 and other regulations relating to Banks and banking 

CHAPTER ONE
PROFESSIONAL RESPONSIBILITY 
A member of the Institute has responsibilities to his employer or his customer and to the general public.
The Institute requires its members as of necessity to recognize these responsibilities in the conduct of their business and to adhere to the following code.

PROFESSIONAL CODE OF CONDUCT 

(1)	INTEGRITY 
A member shall at all times conduct himself as a person of integrity and probity, He shall observe the principles of the Institute and the banking profession shall be enhanced. 

(2)	HONESTY 
A member shall at all times act honestly and in such manner that customers are not caused to be misled. He shall not in the course of discharging his professional duties knowingly or recklessly disseminate false or misleading information to third parties. 
 
(3)	PROFESSIONAL COMPETENCE 
It is expected that, in his Practice as a banker; a member shall seek at all times to ensure that he attains the appropriate levels of qualification that will enhance his competence as a banker. 
(4)	CONFLICT OF INTEREST 
(a) A member shall at the earliest opportunity bring to  the notice of his employers or his customers in all cases whereby conflict of interest arises in the discharge of his duties to such employers or customers as the case may be.

 (b) Where the terms or service agreement of a member with his employers are in conflict with this code of conduct the provision of the Institute's Professional Code shall prevail. 

(5)	CONFIDENTIALITY OF INFORMATION 
(a)	Unless required by law, a member shall not disclose or permit disclosure to any other person, firm or company any confidential information concerning his employers or his customers’ business without the consent of such employers or the customers.

(b)	 Unless required by law, a member shall not use, to the pursuit of his personal interest, any confidential information concerning  his employers or his customers. 

(6)	DESCRIPTION OF DESIGNATORY LETTERS 
- (FCIB, ACIB) 
A member of the Institute may use the designatory letters, FCIB (for Fellow of the Chartered Institute of Bankers), ACIB (for Associate of the Chartered Institute of Bankers) as appropriate. A member who holds a national or service honour (such as O.O.N., C.F.R., M.O.N. etc or relevant academic degree (e.g. B Sc., M.A., Ph. D, Dip. etc) is entitled to use the appropriate designatory letters after his name. 

(7) 	LITIGATION AGAINST MEMBERS
No member of the Institute shall be allowed to seek redress for any act of wrongdoing or matters relating to the Institute’s affairs through legal action without the permission of the National Council.
Any member who institutes a legal action against another member on matter(s) relating to the Institute without the expressed permission in writing of the National President shall be liable to the following penalties. 
 (a) Withdrawal of Membership
 (b) Reporting to the employer for bringing the name of the   Institute into disrepute.
CHAPTER TWO
(Extracts from The Chartered Institute of Bankers of Nigeria
                Decree 12 1990 Part V)
 Professional Discipline
13 (I) There shall be a tribunal to be known as the Chartered Institute of Bankers Disciplinary Tribunal (hereafter in this Decree referred to as “the disciplinary tribunal”) which shall be charged with the duty of considering and determining any case referred to it by the investigating panel established by the following provisions of this section and any other case of which the disciplinary tribunal has cognizance under the following provisions of this decree.
(2) The disciplinary tribunal shall consist of the Chairman of the Council and six other members of the Council appointed by the Council.
(3) There shall be a body to be known as the Chartered Institute of Bankers Investigating Panel (hereafter in this Decree referred to as “ the Investigating panel’) which shall be charged with the duty of 
(a)	Conducting a preliminary investigation into any case where it is alleged that a member has misbehaved in his capacity as a banker or should for any other reason be subject of proceedings before the disciplinary tribunal: and
(b)	Deciding whether the case should be referred to the disciplinary tribunal:
(4) The investigating panel shall be appointed by the Council and shall consist of four members of the Council and one banker who is not a member of the Council.

(5) The provisions of Schedule 2 to this decree shall, so far as applicable to the disciplinary tribunal and investigating panel respectively have effect with respect to those bodies.