CBN To Launch Whistleblowing Website Jan. 1, 2025

The Central Bank of Nigeria (CBN) has announced that it will unveil a whistleblowing website. The externally hosted platform, which will go live on January 1, 2025, is part of the bank’s strategy for a transparent and credible operational framework across the Nigerian financial system.

In CBN’s updated document for the last month of the year, the bank stated that the platform was designed for individuals to engage in all misconduct without fear or intimidation. 

“In furtherance of management’s commitment to promoting an organization with high ethical standards, honesty, and integrity, the Central Bank of Nigeria is launching a new externally hosted platform to manage whistleblowing,” the statement reads.

The apex bank noted that the platform represents a significant step toward creating a safe environment for all. It gives individuals such as employees, vendors, consultants, executives, and other stakeholders the swift ability to report personal and professional misconduct, unethical behaviour, or violations of the law.

“This (the platform) marks a significant step toward creating a safe environment for employees, vendors, consultants, executives, and other stakeholders to report incidences of personal and professional misconduct, unethical behaviour, or violations of the law without fear of retaliation,” the document reads.

CBN stressed that the platform replicates its commitment to upholding the highest standards of integrity internally and externally within the broader Nigerian financial system.

On how it works, the bank stated that every report submitted through the channel will be subjected to an in-depth investigation while scrutinizing the information with professionalism and transparency. “All reports made via this channel will be investigated by the Bank promptly and treated with utmost confidentiality and professionalism, ensuring that every concern is taken to protect the whistle-blower.”

ALSO READ:

• I Didn’t Have A Bank Account While I was With P-square — May D
• EPL: Manchester City Legend, Tony Book Dies At 90
• Nine Oyo Princes Fault Owoade’s Appointment As Alaafin
• Scavengers, Beggars Sue Wike, Seek N500m Damages
• Joseph Tegbe Visits China To Deepen Economic Cooperation, Sustainable Development

While stating that more details on the platform will be shared in the long run, the bank concluded by assuring whistleblowers that all issues submitted would be treated with utmost care and necessary support to protect their identities and rights.

“The new reporting channel will go live on 1st January 2025, and further details will be shared soon as the Bank continues to promote a culture of operational excellence,” the bank added.

The introduction of the channel underscores its foresight in safeguarding the ethical interests of Nigerians for a credible financial system. It also represents CBN’s move to promote accountability in the financial sector and strengthen its moral principles.