First Bank of Nigeria Limited has announced it is partnering with CFA Society Nigeria to host its annual flagship event, the Universities Ethics Challenge final, scheduled to hold at Radisson Blu Hotel, Victoria Island, Lagos on Saturday, October 29.
The Universities Ethics Challenge is designed to increase students’ awareness of the ethical dilemmas and issues they may face when they become finance and investment management professionals. During the Ethics Challenge, students are given adapted real-life ethics case studies to analyse and evaluate ethical issues raised, then make recommendations and present same to a panel of judges from whom they field questions relating to the case presented.
Judges for the 2022 edition of the annual challenge include Oluropo Okunmuyide, head of litigation and dispute resolution, First Bank of Nigeria Ltd; Taiwo Olatunji, CFA, head of investment banking, Coronation Merchant Bank; Tomilola Olakiigbe, CFA, head of finance, All-On Energy; Eno Atoyebi, CFA, managing director, Valualliance Asset Management; and Kazeem Alimi, CFA, head of secondary markets, NGX Limited.
A total of 22 universities registered and onboarded for the challenge which kicked off in May 2022. Subsequently, 13 universities, comprising three from the north and 10 from the south participated in the regional rounds. The schools included Abia State University, Ahmadu Bello University, Zaria; Clifford University, Coal City University, Covenant University, Madonna University, Obafemi Awolowo University and the University of Abuja. Others were the University of Benin, University of Ilorin, University of Lagos, University of Nigeria, Nsukka and the University of Port Harcourt.
Following a stiffly contested and rigorous semi-final, four of these schools namely Obafemi Awolowo University, University of Lagos, University of Nigeria, Nsukka; and University of Port Harcourt advanced to the grand finale.
According to the president of CFA Society Nigeria, Ibukun Oyedeji, “Strong ethics and high standards of professional conduct play a vital role in the integrity and ongoing success of the investment industry. As new talent joins the professional ranks, it is important that they do so with a commitment to operate according to these principles. Therefore, CFA Society Nigeria whose mission is to promote the highest standards of investment practice in Nigeria hosts this annual Ethics Challenge with the support of First Bank Nigeria Ltd to give university students a unique opportunity to learn about and apply the principles of the CFA Institute Code of Ethics and Standards of Professional Conduct. A more ethical investment profession starts here!”
Expressing her delight at the forthcoming event, FirstBank’s group head of marketing and corporate communications, Folake Ani-Mumuney, said: “Our sponsorship of the annual CFA Society Nigeria Ethics Challenge competition is one of the ways we contribute to youth empowerment. We commend the CFA Society for its continued commitment to this initiative.
“As a financial institution that focuses on nation building, the relevance of ethical practices is demonstrated in our embedded policies and processes, in the initiatives we support such as Samuel Asabia Chair in Business Ethics in the University of Lagos. This is because we know that ethical practices are beneficial to finance and investment professionals including all market participants and stakeholders which leads to increased investor confidence in global financial markets.”