This policy is introduced in furtherance of the company’s aim of improving corporate governance in the organization. It is also aimed at fulfilling part of the requirements of the Central Bank of Nigeria’s code of corporate governance.
Whistle-blowing enables a company to obtain early warning signals on what may be going wrong in the organization, especially in cases where it would be difficult to use formal communication channels. This is important where the issues involved are very sensitive and would require the confidentiality of the whistle blower. In other words whistle-blowing is a confidential channel open to all employees and customers of the company to report any wrongdoing to management and the board of the company.