The Central Bank of Nigeria will launch an externally hosted whistleblowing platform on January 1, 2025.
This initiative underscores the bank’s dedication to promoting transparency, integrity, and accountability within its operations and the broader Nigerian financial system.
According to the December 2024 CBN Update, the whistleblowing platform marks a critical advancement in fostering a safe space for employees, vendors, consultants, executives, and other stakeholders to report misconduct, unethical practices, or legal violations.
The Central Bank of Nigeria highlighted that the platform is designed to guarantee confidentiality and protect individuals from retaliation.
“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.
“This 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 read.
The platform will strengthen the CBN’s dedication to maintaining the highest standards of integrity within its operations and the wider Nigerian financial system.
The CBN assured that all reports submitted through the platform will be investigated promptly, with strict confidentiality and professionalism.
Whistleblowers’ identities and rights will be safeguarded, and their concerns will be handled with the utmost care.
The document read, “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.
“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 introduction of this platform aims to enhance accountability and ensure ethical practices within the financial sector.
