- The Central Bank of Nigeria as sent a note of warning to banks top directors taking loan and not paying back on time
- The apex among other sanction plans to blacklist bank directors from financial institution boards with non-performing loans of over one year
- CBN has also provided set down rules for banks looking at generously writing off the loans of the directors
The Central Bank of Nigeria (CBN) have announced plans to sanction bank directors with non-performing loans of over one year.
This was contained in the new corporate governance guidelines for commercial banks, financial holding Companies (FHCs), merchant banks, non-interest and payment service banks, released by CBN and obtained by Legit.ng.
