Nigeria: Rising Compliance Breaches in Banks Worry Sekibo

1 September 2014

SUSTENANCE of stakeholder value in the nation's banking sector may remain a pipe dream unless the current rising cost of compliance breaches by banks with its attendant reputation damage is radically tackled.

This was the core submission of Managing Director of Heritage Bank, Ifie Sekibo, in a goodwill address to members of the Committee of Chief Compliance Officers of Banks in Nigeria (CCCOBIN) at the August edition of their monthly meeting hosted by the bank in Lagos yesterday.

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