ISO27001 Certification: CBN Now At Par With IMF, World Bank

ABUJA – The Central Bank of Nigeria’s ISO 27001 – 2005 has put its information security management systems at par with world class organisations such as the World Bank and International Monetary Fund (IMF), CBN governor Malam Sanusi Lamido Sanusi has disclosed.

This is as banks across the country are also expected to fully adopt the same certification by the end of 2015.

Speaking during the formal certificate award ceremony, which held in Abuja, Wednesday night, Sanusi noted that the ISO27001, which was conferred by the British Standards Institute (BSI), is acclaimed as the world’s highest standard on information security management systems capable of ensuring that information is managed in the most secure manner that will prevent information loss, unauthorised disclosure or compromise.

CBN governor Malam Sanusi Lamido SanusiThe apex bank governor who was represented by the deputy governor corporate services, Alhaji Suleiman Barau, said that the CBN took up an ambitious scope which encompasses the entire head office, comprising 27 departments, whereas all adopters of the ISO27001 certification usually start off with a small manageable scope and gradually increased as they go on.

“Furthermore, while it took those banks an average of three years to prepare and achieve certification to the standard, the case of CBN certification to the standard was achieved within one year. “

“I am therefore extremely proud of this achievement by the CBN which is a demonstration of the importance of information security to the bank and the bank’s dedication to safeguarding its information assets.”

The governor however noted that the bank has to be on its toes now to ensure that they retain the certification after the initial three years.

“I would like to say that the journey has by no means come to an end. Attaining the certification is just the beginning of ensuring that the bank continuously implements the information security management systems and sustains the certification which is for an initial period of three years. So the same people who have taken the credit for making the certification possible should work to ensure that we continue to receive the certification going forward.”

Managing Director, BSI for Emerging Markets, Africa and Asia (EMEA), Mr Mark Bashan said that the ISO 27000 was the most rigorous global security standard for information security network.

“To achieve this certification, a country must show a continuous and structured commitment to manage sensitive company’s and customers’ information.

The certification demonstrates that the security system of CBN is in line with world class standards. And this positions the bank to meet the needs of its many stakeholders both locally and internationally.”

The ISO certification is a testament of CBN’s posture in maintaining global standards and best practices to ensure effectiveness, efficiency, confidentiality and integrity in its day to day operations. By obtaining the certification, the CBN has once again demonstrated its credibility and proved that it is working according to globally recognised best practices,” he said.


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