Reps To Prohibit Bank Staff From Operating Foreign Accounts

It has been reported that the House of Representatives is considering stopping bank staffs and other financial institution from operating bank accounts outside Nigeria.

Also their wives and children can also be mandated to declare their asset when the need arises.

This was reportedly disclosed in a Bank employees amendment bill, awaiting second reading.

According to reports, the bill was sponsored by  Shina Peter, a lawmaker representing Iseyin / Itesiwaju/ kajola/ Iwajowa Federal constituency in Oyo State.

According to the bill, “Every employee of a bank shall immediately after assuming duty, and thereafter, at the determination of his or her employment, and in the case of a  serving banker within 30 days of the receipt of the Declaration of Assets form from the appropriate authority or at such other intervals as the president or appropriate authority specify, make a full disclosure of assets, properties and liabilities, and those of his or her spouse or her unmarried children under the age of 18 years.”

The bill read further that, “2. For the purpose of this section, a transfer or secondment from one bank to another shall be treated as a new employment.”

“The bill is also seeking amendment to section 5 by inserting subsections that prohibits foreign accounts for bank workers.

” (a). A bank employee shall not maintain or operate a personal bank account in any country outside Nigeria,” the bill read.

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Esther Ifeoluwa

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