Banking Exposure Drafts on Whistleblowing and Corporate Governance Code
Tuesday, August 7, 2012 / CBN
The Central Bank of Nigeria (CBN) is currently reviewing the extant Code of Corporate Governance for Banks in Nigeria. The reviews is intended to strengthen governance practices, eliminate perceived ambiguities in and align the code with current realities and global best practices.
The Bank has also developed Guidelines for whistle-Blowing in the Nigerian Banking Industry. The guildelines represent the minimum standards for whistle-blowing which all financial institutions under the supervisory purview of the CBN shall be required to comply with.
In line with the Bank's resolve to carry along all stakeholders in the effort to entrench good corporate governance practices in the industry, the documents are being exposed for comments/inputs.