CIBN Lagos State Branch Reports N264m in Assets Growth

The Chartered Institute of Bankers of Nigeria (CIBN) Lagos State Branch, under the leadership of Chairman Akinwunmi Lawal, has maintained its position as a leading branch with a reported financial growth. For the financial year ending December 31, 2025, the branch's net assets rose to N264.3 million from N254.4 million in 2024, marking a 3.89% increase.

The branch achieved a net surplus of N10.4 million despite facing economic challenges such as rising operational costs and inflationary pressures. During the 2026 Annual General Meeting, Lawal highlighted the branch's successful membership drive, ranking first among CIBN branches nationwide.

The meeting was attended by past chairmen and students from various tertiary institutions. Additionally, the branch organized webinars and conferences throughout the year and strengthened its digital learning platforms to enhance outreach across Nigeria and West Africa, including Gambia and Sierra Leone.

Treasurer Damilola Owoey noted that the branch improved its cash position significantly from N4.86 million in 2021 to N140.78 million in 2025.