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CBN Set To Blacklist Bank Directors Over Non-Performing Loans

By Tony Obiechina, Abuja The Central Bank of Nigeria (CBN) is set to sanction, by blacklisting bank directors with loans that remain non-performing for more than 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 the Bank
Abuja Federal Capital Territory Tony Obiechina Chibuzo Efobi Guidelines For Shared Services Arrangements Banks Board Of The Financial Holding Company Financial Reporting Council

CBN Extends Bank CEOs Tenure

The Central Bank of Nigeria (CBN) has extended the tenure of Chief Executive Officers (CEOs) of commercial banks in the country by two years. This was announced in a circular signed by Mr Chibuzo Efobi. Before now, chief executives of financial institutions were allowed to remain in office for a maximum of 10 years, but |
Chibuzo Efobi Payment Services Banks Corporate Governance Guidelines For Financial Holding Companies Central Bank Financial Reporting Council Chief Executive Officers

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