The Chairman of the Chartered Institute of Bankers of Nigeria, Lagos State Branch, Akinwunmi Lawal, has announced steady financial growth for the branch, noting that it maintained its leading position among all branches of the institute during the 2025 financial year.
Speaking during the 2026 Annual General Meeting of the branch in Lagos, Lawal said the branch achieved a 3.89 per cent increase in its aggregate net assets, which rose from N254.4m in 2024 to N264.3m in 2025.
According to Lawal, the branch also posted a net surplus of N10.4m for the year ended 31 December 2025, despite challenging economic conditions and rising operational costs.
“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 noted.
The AGM was attended by past chairmen of the branch and numerous students from various tertiary institutions in Lagos, including the University of Lagos, Yaba College of Technology, and the Lagos State University of Science and Technology, among others.
As part of its youth-focused programmes, Lawal explained that the branch participated in matriculation and convocation ceremonies at Trinity University and attended orientation programmes for finance students at the University of Lagos.
He added, “The branch sponsored the registration fees of the first 100 students interested in writing the institute’s professional examinations as part of efforts to support early professional development.”
On consultancy services, the chairman explained that the branch organised several webinars and conferences for banks and financial institutions during the year under review.
Lawal further stated that 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, stated that the 2025 financial year was marked by inflationary pressure, exchange rate volatility and rising operating costs, but the branch still recorded a strong financial performance.
According to him, the branch improved its cash position significantly from N4.86m in 2021 to N140.78m in 2025, while maintaining consistent surplus generation.
Owoeye attributed the performance to prudent financial management, strategic decisions by the executive committee and the support of stakeholders.
He 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 in the years ahead.
