Auditors Raise Alarm Over Jaiz Bank’s Breach Of SEC, CAMA Rules

Deloitte, the external auditor of Nigeria’s oldest non-interest bank, Jaiz Bank Plc has raised concern over the lenders’ non-compliance to regulatory provisions in its activities.

The development is coming as the lender posted gross earnings of N47bn up from N33.3bn. The bank’s profit rose to N 11.2bn in 2023, a surge from the N6.9bn recorded in 2022.