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CBN Departments

Governors
The following departments are under this directorate:
  1. Corporate Secretariat Department
  2. Governors' Office
  3. Internal Audit Department
  4. Strategy and Performance Department.
  5. Risk Management Department.

Departments under this directorate are:-


  1. Corporate Secretariat
    The Department has the following mandates:

    • Provision of support to the Board, monitoring of the decisions of the Board and assurance of the highest level of oversight for internal and public complaints
    • Managing, from creation to archival, all CBN documents
    • Provision of custodial services

  2. Governors' Department

    The Department has the following mandates:

    • Provision of support services to the Governors and Special Advisers
    • Management of communication, public relations and related events
    • Monitoring of all ethical issues and reporting to the Ethics Committee


  3. Strategy & Performance Improvement

    The Department has the following mandate:-

    • Oversight of the Bank’s overall strategic planning & performance management, business process management, enterprise programme management and special initiatives


  4. Internal Audit
    The Department has the following mandates:-

    • Safeguarding assets
    • Managing compliance with policies and procedures
    • Monitoring the efficiency and effectiveness of operations
    • Assessing accuracy of financial reporting
    • Preventing fraud


  5. Risk Management
  6. The Department has the following mandates:

    • Development of frameworks for identifying, managing and controlling the risks that could impede the fulfillment of the Bank’s mandate
    • Promotion of strong corporate governance, risk culture and risk expertise across the Bank and Sector

    See departments under other directorates:

    Please Note that the CBN does not have any other departments outside the country or at any other location besides those listed above, If you have received any form of correspondence naming a CBN department that is not on this list please see our 419 disclaimer.

Facts : 7/1/1959
POLICY MAKING ORGAN:The Board of Directors is responsibe for formulating the Monetary/Credit and Exchange rate policy proposals for the approval of the Federal Executive Council and for implementating approved policy guidelines.
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