Jaiz Bank Plc has announced the appointment of Dr. Tukur Galadima as its new Chief Compliance Officer (CCO), in strict adherence to the Nigeria Exchange Limited (NGX) Rulebook.
In a regulatory filing to the NGX and the investing public, the non-interest bank confirmed that the appointment has received the requisite approval from the Central Bank of Nigeria (CBN) and took effect on December 1, 2025.
Dr. Galadima is a seasoned legal and compliance professional with over 20 years of experience in regulatory compliance, financial law, and corporate governance across government institutions, central banking, and private legal practice. He holds both Master’s and Ph.D. degrees in Law from Ahmadu Bello University (ABU), Zaria.
Prior to this appointment, he served in various managerial capacities at the Central Bank of Nigeria, rising to the position of Assistant Director before his resignation in 2024. During his tenure at the apex bank, he participated in numerous executive and professional development programmes both within and outside Nigeria.
Following his exit from the CBN, Dr. Galadima engaged in private legal practice as the Principal Partner at Cloud and Stones Legal Practice.
Jaiz Bank stated that the appointment underscores its commitment to strengthening its compliance framework and governance structures in line with regulatory requirements and global best practices.
DMO, World Bank Train Northern States on Responsible Borrowing Practices
The Debt Management Office (DMO) has organized a World Bank-assisted workshop on borrowing guidelines, aimed at educating subnational governments in Northern Nigeria on proper and sustainable borrowing practices.
The Director-General of the DMO, Ms. Patience Oniha, disclosed this on Tuesday in Abuja during a workshop on Borrowing Guidelines for top policymakers, organized under the States Action on Business Enabling Reforms (SABER) programme.
Oniha explained that the workshop was designed to align borrowing practices at the state level with those of the Federal Government, emphasizing that public borrowing involves multiple layers of approvals that debt managers must clearly understand.
“Debt is such an important fiscal variable that involves several stakeholders, which is why we have a diverse group here,” she said. “The objective is that after this workshop, collaboration between participants and their respective states will be stronger.”
She noted that an inadequate understanding of borrowing processes often hampers states’ ability to access funds for development, warning that compliance is impossible without a proper grasp of the procedures.
“How do we make the subnational governments understand the process of borrowing so that they can raise the funds that they need for development? If they have not understood the process, they cannot comply and they cannot raise the funds,” Oniha queried.
The DMO boss commended the World Bank for its continued support of public debt management initiatives in Nigeria. She warned that poor debt management could lead to severe consequences, including debt restructuring, credit rating downgrades, and limited access to international financing.
“Debt is important, and there are laws guiding borrowing. The process must be transparent, the purpose clear, properly documented, monitored, and reported. When debt is not serviced, the consequences are not good. That is why we must continue to talk about debt sustainability,” she added.
Also speaking, the Acting Head of Service of the Federal Capital Territory (FCT), Mrs. Nancy Nathan, described the workshop as a convergence of opportunity and responsibility.
She noted that access to finance remains a key driver of development in an evolving economic environment and that the workshop was critical to equipping states and the FCT with the tools to navigate the complexities of borrowing.