• CBN Sets New Standard For Banks On Compliance

    CBN Sets New Standard For Banks On Compliance

    According to reports, the Central Bank of Nigeria (CBN) has directed all Deposit Money Banks in the country to appoint new Executive Compliance Officers (ECOs) who must not be below the level of an Executive Director.

    In a circular by the bank posted on its website,recently, the CBN also set a new qualification standard for the Banks in their appointment of people into the position of Chief Compliance Officers (CCOs) in line with its decision to enhance minimum qualification for the […]