Rising cost of compliance breaches worries banks

Sustenance of stakeholder value in the nation’s banking sector may remain a pipe dream unless the current rising cost of compliance breaches by banks with its attendant reputation damage is radically tackled.
The Managing Director of Heritage Bank, Mr. Ifie Sekibo, said this during a goodwill message to members of the Committee of Chief Compliance Officers of Banks in Nigeria.
He spoke during the August edition of the committee’s monthly meeting hosted by the bank in Lagos. Continue Reading