CBN Launches Compliance Department for Regulatory Oversight

The Central Bank of Nigeria (CBN) establishes a Compliance Department to strengthen regulatory oversight, focusing on financial crime, market conduct, enterprise security, and corporate governance. The department, operational from the second quarter of 2025, aims to enhance regulatory effectiveness and supervise emerging risks.

It will oversee areas like Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), and Enterprise Security Supervision. The move is part of broader structural reforms to consolidate oversight functions and ensure focused supervision in the financial sector.