CBN Orders All Bankers To Declare Assets


In line with the latest anti-corruption drive of the government, the Central Bank of Nigeria, CBN has ordered all bankers to declare their assets.

The Code of Conduct Bureau (CCB) is the agency set up by the Federal Government of Nigeria with the primary responsibility of checking corrupt practices in the Nigerian Public Service.  The CCB is mandated by law to distribute assets declaration forms to the general public.

According to the CCB rule,  “The Bank Employees, Etc. (Declaration of Assets) Act CAP. 27 L.F.N. 1990 ACT CAP.A B1 L.F.N. 2004 makes provisions for the declaration of assets by employees of banks operating in Nigeria and empowers the President to extend its application to other category of persons.”

Isaac Okoroafor, Acting Director, Corporate Communications, CBN, told SaharaReporters that the directive to banks to have their employees declare assets was not issued by the CBN but is a statutory requirement in line with the Bank Employees’ Declaration of Assets Act of 1986.

The federal government via the Economic and Financial Crimes Commission, EFCC had descended heavily on allegedly corrupt politicians, business people and top bank executives.

In the last six month, the agency had interrogated the CEO of Access Bank PLC, the CEO of Sterling Bank PLC and the CEO of Fidelity Bank PLC over various allegations of their complicity in money laundering and concealment of funds.


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