2014-02-07 | BSD/DIR/GEN/LAB/07/004

Re: The Need for the CBN Prior Clearance of Prospective Employees of Banks

The Central Bank of Nigeria (CBN) has issued a circular to all banks and discount houses, requiring prior approval for prospective employees to prevent the recycling of former employees dismissed for fraud or dishonesty. Following feedback from banks, the CBN has amended the policy to allow new employees to assume duty before obtaining CBN approval, provided that their information is submitted for clearance within 30 days. This amendment does not apply to employees at the Assistant General Manager level and above, who still require prior CBN approval.

Nigeria

Central Bank of Nigeria

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