2015-10-21 | FPR/DIR/CIR/GEN/05/014

Circular to All Banks and Other Financial Institutions: Revised Assessment criteria for Approved Persons' Regime For Financial Institutions

The Central Bank of Nigeria (CBN) issues guidelines and a questionnaire for assessing the suitability of individuals for board and top management positions in financial institutions. The guidelines cover criteria for assessing propriety and fitness (competence and capability), with specific requirements for different types of financial institutions. Candidates must meet educational and professional qualifications, have relevant industry experience, and demonstrate integrity and financial soundness. The CBN may approve or disapprove appointments under special circumstances. The questionnaire seeks detailed information on candidates' biodata, competence, integrity, financial status, and relationships with the institution.

Nigeria

Central Bank of Nigeria

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