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The Universities Ethics Challenge final, which is slated to take place at Radisson Blu Hotel, Victoria Island Lagos on Saturday, October 29, 2022, will be hosted by First Bank of Nigeria Limited, Nigeria’s premier and top provider of financial inclusion services.

The Universities Ethics Challenge aims to raise students’ understanding of potential ethical difficulties and problems when they work in the finance and investment management industry. Students are given customized real-life ethics case studies for the Ethics Challenge, where they must study and assess the ethical concerns posed, then make suggestions and present the same to a panel of judges who ask them questions about the case in question.

Oluropo Okunmuyide, Head, Litigation & Dispute Resolution, First Bank of Nigeria Ltd.; Taiwo Olatunji, Head, Investment Banking, Coronation Merchant Bank; Tomilola Olakiigbe, Head Finance, All-On Energy; Eno Atoyebi, CFA, Managing Director, Valualliance Asset Management; and Kazeem Alimi, Head Secondary Markets, NGX Limited are among the judges for the 2022 edition.

The competition, which began in May 2022, attracted 22 universities that signed up and joined. The regional rounds were then attended by 13 Universities, including three from the North and 10 from the South. These universities include University of Abuja, Ahmadu Bello University, Zaria, Clifford University, Coal City University, Covenant University, Madonna University, and Obafemi Awolowo University. Universities in Benin, Ilorin, Lagos, University of Nigeria, Nsukka, and Port Harcourt were among the others. 

Four of these institutions, namely Obafemi Awolowo University, University of Lagos, University of Nigeria, and University of Port Harcourt, advanced to the final round after a fiercely contested and demanding semi-final round.

According to Ibukun Oyedeji, President of CFA Society Nigeria, “ the 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!”

Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, First Bank, expressed her excitement for the upcoming event.

“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 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,”

CFA Society Nigeria was established in 2013 and is a member of the global network of member societies of the CFA Institute. These societies guide the investment industry globally by advancing the highest standards of ethics, education, and professional excellence for the benefit of society as a whole. 

Through advocacy, education, events, and professional development, CFA Society Nigeria serves the interests of 400+ investment professionals in Nigeria.



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