Nigerian banks need code of operations, CBN chief

NIGERIA - Worried about recent experience in the global financial sector where corporate scandals have become the order of the day, governor of the Central Bank, Chief Joseph Sanusi, has asked banks to draw up a national code guiding operations of corporate institutions in the country.

This code, the CBN told bankers at the Chartered Institute of Bankers of Nigeria (CIBN) 2002 annual dinner in Lagos Friday, would serve as a self regulatory measure not only for banks, but also for the adoption of

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