The Central Bank of Nigeria has reinforced its regulatory oversight to bolster the resilience and transparency of the country’s financial system, reaffirming its commitment to strict compliance and risk management across financial institutions. According to a statement from the apex bank on Sunday, the CBN reaffirmed its commitment at a Mandatory Compliance and Anti-Money Laundering Read More
The Central Bank of Nigeria (CBN) has reaffirmed its commitment to strengthening the financial system through tighter regulations. During a workshop in Lagos on February 28, 2025, the CBN emphasized strict compliance, risk management, and alignment with international standards. Shola Phillips highlighted the need for dynamic AML/CFT programs, while experts stressed the importance of governance frameworks and the scale of financial crime. The CBN is implementing digital solutions and enhancing monitoring to combat financial crimes, aligning with Governor Olayemi Cardoso's vision for a resilient and transparent financial system.
