2025-09-04 | CMD/DIR/PUB/CIR/001/002

Establishment of the Compliance Department and Reassignment of Non-Prudential Supervisory Responsibilities

The Central Bank of Nigeria (CBN) has announced the establishment of a Compliance Department, which was established in Q1 2025, and the reassignment of non-prudential supervisory responsibilities to this department. This move aims to consolidate regulatory effectiveness, clarify institutional responsibilities, and enhance oversight of non-prudential and emerging risks. The Compliance Department will oversee financial crime, market conduct, enterprise security, and corporate governance and ESG supervision. All regulatory reports and inquiries should now be directed to the Director of the Compliance Department.

Nigeria

Central Bank of Nigeria

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