Nigeria: Reps Move to Curb CBN's Supervisory Role

7 January 2013

Lagos — In apparent move to abridge the Central Bank of Nigeria (CBN)'s autonomy, House of Representatives plan to hand down bank supervision function to the Chartered Institute of Bankers of Nigeria, (CIBN).

This move was disclosed by the Chairman House Committee on Banking and Currency, Mr. Jones Onyereri who said this would be an integral focus of the House in 2013 to ensure that it separates bank supervision function away from CBN.

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