This struggle, based essentially on the need to jealously guard, preserve and positively project on the noble profession of banking, which is based on the principle of "Trust and Honesty", has not been easy considering the numerous problems associated with a developing banking industry and the Nigerian economy in general. Yet in spite of daunting odds faced in this turbulent journey, it is to the eternal credit of the founding fathers, successive leaders of the Institute, captains of the industry and regulatory bodies, that significant and giant strides have been made within the banking industry. The history of the Institute dates back to November 28, 1963 when one hundred and twenty four bankers assembled at Randle Hall, Surulere and consequently passed a resolution for the establishment of the Local Centre of the Institute of Bankers, London, in Nigeria with the mandate of promoting banking education in Nigeria and esprit-de-corps among professional bankers. Thirteen (13) years after being successfully run as a local center and having gained considerable administrative experience and recorded significant success in training and educating its members, the Institute was registered in 1976 as the Nigerian Institute of Bankers, a company limited by guarantee.