The Lagos State Branch of the Chartered Institute of Bankers of Nigeria (CIBN) has recorded steady financial growth and maintained its leadership position among all branches of the institute during the 2025 financial year.
The Chairman of the branch, Akinwunmi Lawal, disclosed this during the 2026 Annual General Meeting held in Lagos.
According to Lawal, the branch achieved a 3.89 per cent increase in its aggregate net assets. The figure rose from N254.4m in 2024 to N264.3m in 2025.
He also revealed that the branch posted a net surplus of N10.4m for the year ended December 31, 2025, despite inflationary pressure and rising operational costs across the country.
“The Lagos State branch again emerged as the Best Organised Branch of the institute and also ranked first in membership drive among all CIBN branches across the country,” Lawal said.
The AGM attracted past chairmen of the branch and students from several tertiary institutions in Lagos. Institutions represented included University of Lagos, Yaba College of Technology, and Lagos State University of Science and Technology.
As part of its youth development initiatives, the branch participated in matriculation and convocation ceremonies at Trinity University and attended orientation programmes for finance students at the University of Lagos.
Lawal added that the branch sponsored registration fees for the first 100 students interested in writing the institute’s professional examinations. He explained that the initiative was designed to encourage early professional development among students.
The chairman also stated that the branch organised several webinars and conferences for banks and financial institutions during the year under review.
According to him, the branch strengthened its digital learning and online platforms, leading to wider studentship outreach across Nigeria and parts of West Africa, including The Gambia and Sierra Leone.
Also speaking at the AGM, the Treasurer of the branch, Damilola Owoeye, said the 2025 financial year was characterised by inflation, exchange rate volatility and increasing operating costs.
Despite the economic challenges, Owoeye noted that the branch recorded a strong financial performance and improved its cash position significantly from N4.86m in 2021 to N140.78m in 2025.
He attributed the performance to prudent financial management, strategic decisions by the executive committee and the continued support of stakeholders.
Owoeye assured members that the branch would continue to focus on sound financial management, innovative programmes and quality service delivery to members and the banking profession.
