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CBN acknowledges positive improvement in insider-related credit

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The strategy adopted by the Central Bank of Nigeria in dealing with abuses in the banking industry has continued to yield positive results especially in the areas of corporate governance and insider-related credits.Just as the indicted chief executive officers and directors are still being grilled by the Economic and Financial Crimes Commission, those who did things right to escape the tortuous experience are doing much more to improve on the credibility of the industry.