By Anastasia John E
The Central Bank of Nigeria (CBN) has committed to supporting the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) in its mission to strengthen corporate governance and administrative excellence across the nation.
CBN Governor Olayemi Cardoso announced this pledge at a fundraising event held in Abuja on Monday for the construction of ICSAN’s multi-functional secretariat complex.
Represented by his Technical Adviser, Philip Ndanusa, Cardoso emphasized the apex bank’s recognition of ICSAN’s crucial role in shaping governance culture within both the public and private sectors.
He highlighted the strong alignment between ICSAN’s core values of professionalism and integrity and the CBN’s current reform agenda.
“The activities of the management team of the CBN are not devoid of the values ICSAN seeks to promote – values such as transparency, accountability, and strong governance structures,” Ndanusa stated.
He affirmed the CBN’s support for ICSAN’s initiatives, extending beyond the fundraising for the building project to encompass any endeavors aimed at promoting good corporate governance in Nigeria.
Cardoso further pointed to recent governance advancements within the CBN, including the restructuring of the bank to concentrate on its primary responsibilities. He also mentioned the rigorous selection process for 16 new directors, with a significant representation of women (six), and the institution’s ongoing efforts towards cost management and operational efficiency as key governance achievements.
In her address, ICSAN President Funmi Ekundayo expressed the institute’s unwavering commitment to completing the proposed building project, which will be located in Lagos.
