CONFORMITY WITH GLOBAL STANDARD: CBN UNVEILS I T GUIDELINES FOR BANKS

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By Oriade Ayomide

cbn building sept

Central Bank of Nigeria (CBN) has introduced a new framework for the industry. The move is to ensure that Nigerian banks adopt global Information Technology (IT),

In a circular signed by CBN Director for Information Technology Department, Mr. John Ayoh, the apex bank said the new document would provide guidelines for and serve as reference points in ensuring the quality of IT service delivery in the Nigerian banking industry.

It further explained that a five-year implementation roadmap for the IT standards within which banks were expected to implement in accordance with the set timelines and the defined priorities had also been identified.

“Pursuant to the need to identify and adopt global IT standards, which would provide guidelines for and serve as reference points in ensuring the quality of IT service delivery in the Nigerian banking industry, through IT Infrastructure Transformation programme sponsored by the Bankers’ Committee in 2010, the blueprint for the IT standards and the governance framework have been defined and now, by this circular, released to the industry, for adoption by all banks.”

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