Section 67: Corporate Governance and Ethics.

(1) The Governor shall make regulations and issue guidelines for or with respect to-
(a) corporate governance, including the appointment of principal officers of banks and other financial institutions in Nigeria, their affiliates or other entities in which the banks and other financial institutions acquire or hold, directly or indirectly, a major stake;
(b) prohibition or restriction on mutual holding of shares or other interests between banks, specialised banks and other financial institutions, related corporations or other entities; and
(c) risk management of banks, specialised banks and other financial institutions.
(2) Regulations made under this section may-
(a) relate to all, or any class, category or description of persons or banks and other financial institutions; and
(b) specify different provisions for different classes, categories or descriptions of persons banks and other financial institutions or a particular person or bank and other financial institution or of general or specific limited application.