2010-08-02 | FPR/DIR/CIR/CFP/VOL.1/003

Establishment of a Procedure for Handling Separated Bank Employees' Clearance and Issuance of References

The Central Bank of Nigeria has issued a circular to all banks, discount houses, and other financial institutions, directing them to establish a procedure for handling separated employee clearances and issuing references within 60 days of receiving a request. Banks that fail to comply will face appropriate sanctions. This directive is effective immediately and aims to resolve the increasing disputes between banks and exiting employees over clearance certificates.

Nigeria

Central Bank of Nigeria

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