2016-06-29 | BSD/DIR/GEN/LAB/09/033

Review of Operational Guidelines for Blacklisting

The Central Bank of Nigeria (CBN) has issued a "Review of Operational Guidelines for Blacklisting" to banks and financial institutions, outlining procedures for submitting names to the CBN for inclusion in a register of terminated, dismissed, or convicted staff due to fraud, forgery, or dishonesty. The guidelines emphasize the importance of trust in the banking industry and aim to prevent the recycling of discredited staff, ensure proper investigation and fair hearings, and maintain integrity within the financial system. The CBN maintains a "blackbook" to record such dismissals and terminations, and individuals listed are barred from employment in Nigeria's financial sector.

Nigeria

Central Bank of Nigeria

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