CBN PROBING BANK DIRECTORS OVER FOREX INSIDER ABUSE – EMEFIELE

Oyetunji Abioye The Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, on Tuesday said the regulator was currently looking at some cases of insider abuse by members of the board of directors of commercial banks and other financial institutions in the country. As a result, Emefiele said the CBN would go tough on errant board members of banks and other financial institutions. According to the governor, the recent economic recession has revealed corporate governance weaknesses in the financial services sector. He listed some of the governance weaknesses as:…

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