CBN Reviews Operational Guidelines for Blacklisting

Wednesday, July 13, 2016 8:29 AM /CBN

Following the spate of petitions for the reversal of blacklisted staff by banks due to failure to comply with the process of investigation and granting of fair hearing to erring staff before forwarding their names for blacklisting, the Central Bank of Nigeria (CBN) has considered it imperative to issue the “Review of Operational Guidelines for Blacklisting” to the industry.

The Guidelines provide the procedures for forwarding names to the CBN for inclusion in the Register of terminated, dismissed or convicted staff of banks and other financial institutions on the grounds of fraud, forgery and dishonesty.

The Guidelines takes immediate effect. Please be guided accordingly.

Click Here to Download Reviewed Guidelines