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
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
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
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
Risk Management
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
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.