Each director is required to sign and make certain attestations in the disclosure statements, including: ·  whether the bank is complying with the prudential requirements imposed on it by the Reserve Bank;  ·  whether the bank has systems in place to adequately monitor and control its banking risks and whether those systems are being properly applied;  ·  whether the bank's exposure to connected parties is contrary to the interests of the bank; and  ·  whether the disclosure statement contains all the required disclosures and is not false or misleading.
The issues raised and the subsequent findings and decisions were summarised as follows: •  Due to inflationary pressures, the CBN should coin lower denominations of currency up to N100. The relevant denominations in this category are N5, N10, N20, N50 and N100;  •  Need to encourage the usage of coins; and  •  Enhancement of the quality of banknotes.