The Bank of Industry, Nigerian foremost, largest and most successful development financing institution has become one of the few organizations in the financial service sector to achieve the international ISO certification for QualityManagement System in Nigeria .
L-R:Head Strategy and Transformation/Management Representative, Mrs. Betsy Obaseki; Managing Director/CEO, Bank of Industry, Mr. Rasheed Olaoluwa; DQS Nigeria Country Director, Mr. Lawrence Ogudu; Divisional Head, Large Scale Industry, Bank of Industry, Mr. Joseph Babatunde; CEO, DQS, South Africa, Mr. Francois Labuschagne and Divisional Head, Small and Medium Enterprises, Mr. Abdulganiyu Mohammed, at the official presentation of ISO certificate to Bank of Industry in Lagos.
This stringent standard which is maintained by the international Organization for Standardization (ISO) and administered by Accreditation Bodies against which DQS operates, recognizes the BOI world class structure , processes , maintenance of systems and an ongoing initiative for continual improvement in the pursuit of the bank’s vision “To be Africa’s leading development financing institution operation under global best practice”.
This is a great achievement for the bank of Industry “states Mr Rasheed Olaoluwa, Managing Director and Chief Executive Officer of the bank”.
The certification came after a lengthy and detailed audit of the bank’s process conducted by the banks internally “We performed regular internal audits and monitoring and measure the activities of our process in order to ensure that we not only keep up with the ISO standard requirements but meet our vision and promise to our stakeholders of running our business under global best practices,” explained Mrs Betsy Obaseki, the Head Strategy and Transformation /Management Representative.
A comprehensive system wide audit was instituted by a team from DQS NIGERIA (Certification Body) as part of the final audit and certification exercise.
Several key strengths were noted by the team of visibly impressed DQS auditors among which there were also opportunities for improvements.
The Bank was commended for having a highly visionary, committed and transformational leadership, structures and process driving the business and highly competent and committed staffs at all levels and traceable evidence of movement towards its clearly defined mandate:
“To transform Nigeria industrial sector by providing financial and business support services to enterprise”.
“I am impressed and very proud of BOI’s achievement, and with what I have seen, BOI have stepped – out to be the organization that cannot be ignored in the industry as well as having prepared the structure for sustainability of this certification, said Francois Labuschagne, Chief Executive Officer, DQS South Africa who represented the DQS Group at the event of the official certificate presentation ceremony held in Lagos, Nigeria.