Lagos - The Central Bank of Nigeria (CBN) has developed a database of employees in the banking industry to prevent the recycling of workers that had been indicted or dismissed for fraud and other acts of dishonesty within the industry.
With the latest move by the apex bank, any bank staff that wish to move from one bank to another will have to be cleared by the central bank in order to ascertain the character of the individual, reports Thisday.
The apex bank has directed all banks to submit their lists of terminated and dismissed members of staff every month.
In addition, all banks are expected to report all fraud cases every month.
Read more at Thisday.
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page.