There is palpable fear among bank workers in the country as the Central bank of Nigeria (CBN) has directed that they all declare their assets.
The move which affects the 19 deposit money banks in the country is seen by many as an extension of the anti-corruption fight to the private sector.
It is estimated that most corruption case involving public officials are perpetrated using the banks, with active connivance of the bank officials.
The CBN directive is contained in a letter by its Banking Supervision Department to all commercial banks in the country, and gave bank officials only one week to comply and complete the assets declaration process.
Reports indicate that staff members of Ecobank Nigeria, First City Monument Bank Limited and Fidelity Bank Plc have complied with the directive, with the fate of those who miss the deadline still unknown.
The bank workers were reportedly asked to reveal all assets, including developed and undeveloped parcels of land, properties, houses in Nigeria and outside Nigeria, as well as power generators.
The fear in the industry stems from the fact that a good number of officials own assets well beyond their means, as they do not know how to account for same if the anti-graft bodies call on them.
RipplesNigeria …without borders, without fears
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
FEATURE: Ogun residents, waste collectors trade blames, as refuse litter environment
TIJANI ABDULKABEER, a journalist from the University of Ibadan, during a recent trip to Sango Otta, Ogun State took a look...
INVESTIGATION: How online fraudsters siphon victims’ funds through ‘SportyBet’ platform
As Nigeria transits into a cashless society, the evolution also creates opportunities for internet scammers to take advantage of unsuspecting...
SPECIAL REPORT: Enugu govt watches as waste takes over state, threatens public health, environment
In this report, Arinze Chijioke looks at how delays in evacuation of waste in Enugu State encourages indiscriminate waste disposal, its health implications, and how...
SPECIAL REPORT: Illegal miners degrade Ekiti community, engage in child labour
The activities of illegal miners in a community in Ekiti State have caused degradation of the environment, as miners engage...
SPECIAL REPORT: Inside the illegal trading of forest woods in Cross River community
“With a N20,000 bribe, an external buyer can influence the youth in host communities , Cross River State, to cut...