• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Politics

Official: The CBN Will Approve Your Employment Letter Before You Join Any Bank

Nairametrics by Nairametrics
February 13, 2014
in Politics, Spotlight
Official:  The CBN Will Approve Your Employment Letter Before You Join Any Bank
Share on FacebookShare on TwitterShare on Linkedin

Central_bank_nigeria

The Central Bank of Nigeria has released a directive to banks mandating them to seek prior approval before recruitment of bank employees.  They claim this is to prevent the recycling, within the banking industry, of erstwhile bank employees indicted, terminated or dismissed for fraud and other acts of dishonesty. See directive below;

i. New employees of banks and discount houses may assume duty prior to obtaining the approval of the CBN, if this proves difficult or impractical.

ii. However, for employees that assume duty without CBN’s prior approval, banks and discount houses shall, within 30 days of their assumption of duty, submit their curriculum vitae and other relevant information on the new employees to the CBN for clearance.

iii. Banks and discount houses shall include as part of the terms of employment (OFFER LETTER) that “the offer is subject to the receipt of satisfactory responses on any background checks or other inquiries on the employee from relevant authorities”.

iv. The above amendments shall NOT apply to new employees on the grade of Assistant General Manager and above. Banks are required to continue to obtain the prior written approval of the CBN before resumption of duty for these categories of staff.

This rather bizarre directive suggest the CBN will now be performing simple HR functions and makes one wonder if the banking industry is not being over regulated. Can’t this function be outsourced?

RelatedStories

Active bank accounts

Banks, fintechs flouting CBN’s daily withdrawal limit, allow fraudster withdraw N374 million -NIBSS  

February 27, 2025
POS operators raise charges by over 50% as Naira scarcity bites harder  

Cash withdrawal chaos frustrates Nigerians as ATMs fail and POS operators struggle 

January 26, 2025
Tags: banksCBN NigeriaemploymentNews Review
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

Active bank accounts
Financial Services

Banks, fintechs flouting CBN’s daily withdrawal limit, allow fraudster withdraw N374 million -NIBSS  

February 27, 2025
POS operators raise charges by over 50% as Naira scarcity bites harder  
Exclusives

Cash withdrawal chaos frustrates Nigerians as ATMs fail and POS operators struggle 

January 26, 2025
Why The Naira Is Gaining Against The Dollar.
Digital Media

How Interest Rates Work!

January 22, 2025
Nigerian banks, fintechs set to launch cNGN stablecoin on February 27 
Exclusives

USSD debt: Banks move to avoid disconnection as January 27 deadline approaches 

January 21, 2025
AfriGO announces a groundbreaking “First” – Upgraded AfriGO settlement process for instant credit to POS Merchants
Financial Services

Finance ministry budgets N75 million to monitor banks next year 

December 19, 2024
unemployment rate
Economy

Employment drops for first time in seven months in Nigeria – Report 

December 3, 2024
Next Post

Gbajabiamila Calls 2014 Budget "Voodoo Economics" And This Is Why

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Dealing Houses worry over CBN forbearance directive, reveals why the timing is inappropriate
  • Africa Re to celebrate retirement Of DMD/COO, Mr. Ken Aghoghovbia
  • Sovereign green bond offer records N91.42 billion, oversubscribed by 183% – DMO 

Follow us on social media:

Recent News

Dealing Houses worry over CBN forbearance directive, reveals why the timing is inappropriate

Dealing Houses worry over CBN forbearance directive, reveals why the timing is inappropriate

June 19, 2025
Africa Re to celebrate retirement Of DMD/COO, Mr. Ken Aghoghovbia

Africa Re to celebrate retirement Of DMD/COO, Mr. Ken Aghoghovbia

June 19, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics