Regulatory Alerts2014-07-14 | BSD/DIR/GEN/LAB/07/19Responsibility of All Banks, Discount Houses, and Development Finance Institutions with Respect to Human Rights Under the Nigerian Sustainable Banking Principles (NSBP)
The Central Bank of Nigeria has urged all banks, discount houses, and development finance institutions to uphold human rights in their business operations according to the Nigerian Sustainable Banking Principles (NSBP). This includes adherence to national laws, constitutions, UN Declaration on Human Rights, and other international treaties. The entities are also required to ensure their staff members' right to safe labour conditions, free association, and individual rights as per national law and international conventions. Any institution found hindering its employees' rights may face sanctions.
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conduct