Declare Assets, Shareholders Tell Bank, CBN Staff

Shareholders have called on the federal government to ensure that all bank directors, staff and management of the Central Bank of Nigeria (CBN), to duly declare their assets on appointment and exit from office as a way of sanitizing the banking sector.

The president of the association who spoke through Goni Faruk Umar said that short tenure of office should be introduced for bank board members.

He also said that the measures would among other things entrench probity and transparency as well as remove incidences of personalization of office, by those in position of authority.

“When a director serves for eight years, he should leave office in order to sanitise the banking sector, any director appointed whether executive or non-executive should declare his assets when appointed and when he is leaving so that we will know that he has nut abused his position to acquire assets.