Frequently Asked Questions About The Institute of Directors Nigeria

The Institute of Directors (IoD) Nigeria is a professional Institute which promotes director’s development, develops corporate governance amongst its members within the Nigerian public and private sectors .

 

IoD represents directors in their individual capacity and empowers them to contribute significantly to the welfare of the companies they run and to national development

Membership of IoD is on an individual basis and provides the capacity for business leaders to engage at the highest levels and establish contact. Membership of IoD is made up of business leaders from the public and private sector at the Director cadre, across a diversity of enterprises in commerce, industry, services, professions, bureaucracy, etc.

 

To qualify as an Associate member, an applicant should be:

  1. Proprietor of an incorporated business existing for a minimum of two (2) years, with evidence of at least one-year statutory tax returns and audited accounts.

  2. Senior executive of a limited liability company reporting directly to the CEO, where he is an executive for a minimum of two (2) years.

  3. A senior executive of a national company reporting to a board member for a minimum of 2 years

  4. Senior executive not less than grade level 15 at the Federal and State Government with a minimum of two years' experience

  5. A Company director for a minimum of one (1) year and be in business for a minimum of three (3) years.

  6. Not less than 25 years old. 


In addition to the above, the applicant must have attended IoD Nigeria Company Direction Course I.

 

To qualify as a full member, an applicant must be:

  1. Proprietor of an incorporated business existing for a minimum of five (5) years, with evidence of at least three years statutory tax returns and audited accounts.

  2. A Company Director for a minimum of five (5) years and be in business for a minimum of five (5) years.

  3. Director or equivalent not less than grade level 16 at the Federal and State Government with a minimum of five years' experience.

In addition to the above, the applicant must have attended IoD Nigeria Company Direction Course I.


Pay a one off subscription as a life member and be exempted from annual dues or through the normal registration which attracts an annual subscription.

 IoD Nigeria membership registration fees is as follows:

Life Membership Registration fee – ₦2,080,000.00 (Inclusive of the compulsory Company Direction Course 1 (CDC 1) fee of N170,000.00)

OR

Regular Membership Registration fee – ₦580,000.00 (Inclusive of the compulsory Company Direction Course 1 (CDC 1) fee of N170,000.00)


Pay a one off subscription as a life member and be exempted from annual dues or through the normal registration which attracts an annual subscription.

 IoD Nigeria membership registration fees is as follows:

Life Membership Registration fee – ₦2,080,000.00 (Inclusive of the compulsory Company Direction Course 1 (CDC 1) fee of N170,000.00)

OR

Regular Membership Registration fee – ₦580,000.00 (Inclusive of the compulsory Company Direction Course 1 (CDC 1) fee of N170,000.00)

  1. Personal Profile (Detailed/Current Resume/CV)

  2. Two Passport Photographs

  3. Company Profile

  4. Certificate of Incorporation

  5. Form CO7

  6. Introduction letter duly signed by the Company Secretary

  7. Work Permit for Foreign Nationals


IoD open courses are specifically designed for directors, covering the wide spectrum of roles, responsibilities and leadership skills that are essential in today's evolving business landscape. IoD open courses can also form part of a tailored training package for you and your organisation.

 

Full member -M.IoD Fellow – F.IoD Distinguished Fellow – DF.IoD Honorary Fellow – HF.IoD Life Member – M.IoD

 

 


          


     Associate pays N50,000.00, Full member pays N60,000.00 while Fellow pays N70,000.00

 




You will usually qualify for membership if you have responsibility for the strategic direction of your organisation. You do not have to be a board director to apply and you need not be a registered director. From entrepreneurs of start-ups and mid-size companies to CEOs of large organisations, both private and public sector, we provide business leaders with the effective tools to support them in their role.

  1. Appointment of Directors can be required for a company from time to time based on the requirements of the shareholders of the business


A Director in my company is a member. Does that make me a member?

No please, IoD Nigeria membership is individual and not corporate, so the registration of a colleague does not make you or your company a member

We appreciate that your time is precious and have specifically designed membership benefits with this in mind. For example, through the  Business Information Service  our expert researchers can provide you with information wherever you are located, by e-mail, or telephone. All of our benefits will naturally complement and support you in your day-to-day life as a director, allowing you time to focus on your role.

Yes, you may bring up to three guests with you to use our free meeting space at any one time. Rooms can also be hired for meetings with potential and existing clients, or for interviews or presentations. Non-members are welcome to join members at our events.

 How to make a complaint.

At the IoD, we aim to provide the highest standards of service. However, there may be occasions when you feel that we have failed to meet your expectations. We want the opportunity to put things right for you as quickly as we can and take steps, where appropriate, to ensure that any issues do not reoccur.  

 

If you have cause for complaint, please  contact our membership team via email on membership@iodnigeria.org. Our office hours are from 9am to 5:00pm Monday to Friday (excluding public holidays). 

We will endeavour to resolve your complaint within 24 hours. We appreciate feedback and are committed to resolving all complaints.

Chartered Director is the professional qualification for directors and it recognises the high standards and capabilities that are needed for ensuring that the profession of ‘’director’’ is understood and placed at the heart of organisational life.