In the hopes of enhancing transparency and accountability in the banking sector, the governor of the Central Bank of Nigeria (CBN) has announced a new Compliance Department at the apex bank.
The CBN Governor, Olayemi Cardoso, made this known on Thursday while speaking at the launch of the 2025 macroeconomic outlook of the Nigerian Economic Summit Group.
Cardoso said that the new department, which will commence operations at the end of February, aligns with the apex bank’s broader goals to restore confidence in Nigeria’s financial industry.