Unethical practices: CIIN threatens withdrawal of certificates

on   /   in Finance 12:04 am   /   Comments

By ROSEAMRY ONUOHA

The Chartered Insurance Institute of Nigeria, CIIN, has threatened to withdraw the certificates of any member who engages in unethical practices.

President of the CIIN, Mr. Wole Adetimehin, who disclosed this at the Institute’s 2012 graduation and fellowship award ceremony in Lagos, said the institute reserves the right to withdraw its certificate from any holder, if it discovers any breach of the examination process, adding that further reason for such withdrawal of certificates may emanate from acts unbecoming of a holder of the Institute’s professional qualification.

He said: “Permit me to reiterate the policy of Council in regarding all Certificates issued by the Institute as the Institute’s property which could be withdrawn from the holders if the Institute has good reasons to do so.

“Let me state categorically that the Institute reserves the right to withdraw its certificate from any holder, if it discovers any breach of the examination process. A further reason for such withdrawal of certificates may emanate from acts unbecoming of a holder of the Institute’s professional qualification.”

He noted that the institute would continually strengthen its examination system through regular review of the syllabus and examination structure, stressing that the institute is conscious of the industry post consolidation challenges which came with new and complex human capital needs.

“The challenges facing the industry today not only require a fresh impetus in human capital development but also a renewed vigour and approach to skills recreation in order to equip practitioners for the huge tasks of managing the current realities in the business landscape,” he said.

He noted that the attainment of professional qualification should not be seen as an end in itself, but as a means to an end. Therefore it behoves all holders of professional qualifications to be mindful of the efficacy of Continuous Professional Development (CPD).

“As you are aware, the CPD has become institutionalised with varying degrees of enforcement by most professions. In our own case, it engenders a scheme which requires all members to locate themselves in the point scoring index, hence it is referred to by our Institute as the Mandatory Continuous Professional Development (MCPD) programme,” he added.

He said no professional should exempt themselves from the scheme under any guise, adding that the MCPD is, unarguably, an inalienable part of their professional development and should be treated as such.

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