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Business News of Tuesday, 8 June 2021


FG set to ban Nigerian bankers from having foreign domiciliary accounts

House of Representatives House of Representatives

The House of Representatives is considering barring staff members of banks and other financial institutions from operating accounts outside the shores of Nigeria.

Their spouses and children may also be mandated to declare their assets when a bill presently at the House becomes law.

This was contained in the ‘Bank Employees, Etc., (Declaration of Assets)(Amendment) Bill 2021’, which is awaiting second reading.

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