CBN Orders Commercial Bank Staff To Declare Assets, Including Those Of Siblings

CBN Orders Commercial Bank Staff To Declare Assets, Including Those Of Siblings

By Ekemini Ekwere | News Reporter on August 12, 2016
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Recession FOREX CBN Central Bank Governor of Nigeria, Mr. Godwin Emefiele CBN Naira
Central Bank Governor of Nigeria, Mr. Godwin Emefiele

The Central Bank of Nigeria, CBN, has issued a directive ordering bank workers in all the commercial banks in the country to declare their assets and those of their family members including siblings.

The directive is contained in a letter issued by the Apex bank through the banking supervision department of the CBN. The asset declaration is to be done through a court affidavit and the declaration is to include assets owned by the banker, spouse, and those of their siblings.

According to new reports, the directive issued in July, 2016 has been met by all staff members of Ecobank Nigeria, First City Monument Bank Limited and Fidelity Bank Plc.

The Trent’s investigations reveal to GTBank, Skye Bank, Keystone Bank are pushing an aggressive drive for all staff to submit their asset declaration forms.

A top official of one of the tier-1 banks who spoke to Punch on condition of anonymity while narrating his experience said, “All our staff members, from the most junior to the most senior, were asked to declare their assets through a court affidavit. It was handled by the company’s lawyer.

“We were asked to declare all our assets, including developed and undeveloped parcels of land, properties, houses in Nigeria and outside Nigeria etc. We were asked to also declare everything, including power generators at home. We complied within one week.”

“The directive is from the Code of Conduct Bureau. It is an extant rule. Before now, most people have not been complying. So the CCB wrote a letter to the CBN reminding it about it. This is why the CBN had to write the banks to comply,” a top official in the Central Bank is quoted as saying.

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