 The Chartered Institute of Bankers of Nigeria, CIPN, has declared a net operating surplus of 1.37 billion Nair for 2023, marking the significant growth from the 837.94 million Nair recorded in the previous year. This was announced by the outcome, President of the CIPN, Dr. Ken Okbarar, during the Institute annual general meeting in Lagos, plus the correspondent, Love Ikukuo Yudokun, was there and now reports. It is 2023 our new general meeting, MAGM, an election of new officers who will stay at the face of the Institute for the next two years. The outgoing President, Dr. Ken Okbarar, gave an open remark which was preceded by a minute of silence in honour of their departed colleagues. Presenting his report, Dr. Ken Okbarar said the Institute hit the billionaire mark, achieving a net operating surplus of 1.37 billion Nair in 2023, which represents a 63.62% growth. Similarly, the United Kingdom grew from 2 trillion, 2 billion, back on 2022, to 2.78 billion in 2023, representing again, before that 5% growth. A total assets grew from 7.8 billion in 2022, 9.1 billion in 2023. A total income ratio for the year 18 December 2020, still a 50% down from 59.4% in the current period in 2023. The President expressed confidence that the CIPN will continue to work stronger financially despite the economic downturns. After the presentation of facts and figures, the external auditors affirmed that the financial position on the CIPN was in agreement with a bulk of organs. And it was commendation all the way for the outgoing President, Dr. Okbar and his team, for piloting the affairs of the Institute in an unprecedented growth. The management has a greater efficiency, and I also know that the council has gone very well. So this is commendable, and I call for management to continue to do those things that they've done that have led to this reduced cost reduction. So what does the report provide? As the past President or if it's a reality to your heart, you'll see that there's probably trust that's been followed as we're growing in the use of backwards. And I hope that the incoming President and his team will observe the use and look at it and follow through. Professor Pius Olanewaiji was elected as the new President of the Institute, along with other elected officers for the 2024-2026 tenure. In his acceptance speech, Olanewaiji described the outgoing President as a great leader who had positioned the Institute in a path for growth and greatness. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.