The Central Bank of Nigeria (CBN) to establish prudential standards for consolidated supervision and begin to supervise the banking groups on a consolidated basis.
At P1R3, waiver granted.  Remedial measures include a time-bound action plan by the time of the fourth review, and plans for a long-term technical assistance expert from mid-2007. Unanticipated problems related to post-consolidation of banks emerged and precluded the immediate implementation of consolidated supervision.