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Business News of Tuesday, 8 June 2021


Nigerian bankers would be prohibited from holding foreign domiciliary accounts - FG

Banks in Nigeria Banks in Nigeria

The Nigerian House of Representatives is proposing prohibiting bank and other financial institution employees from operating accounts outside the country.

When a bill currently in the House passes, their spouses and children may be required to report their assets as well.

The ‘Bank Employees, Etc., (Declaration of Assets)(Amendment) Bill 2021,' which is currently pending second reading, has this provision.

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