The Central Bank of Nigeria (CBN) has directed its staff members to declare their relationships with Politically Exposed Persons (PEPs) in the country.
The apex bank made this known in a memo signed by its Deputy Director of Human Resources Department, Christian Eze.
According to the memo seen by Premium Times, the apex bank also directed its staffers to declare their ‘close relatives’ in the employment of the bank.
The bank said all submissions should be made on or before 12 noon, Friday, 10 November 2023, warning that non-disclosure or false declaration shall attract sanctions.
The memo reads: “Please recall Management’s restriction on the employment of close relatives of serving staff and board members.
“Consequently, all staff are obliged to make declarations of close.”
The apex bank explained that a close relative is defined as a spouse, biological and adopted children, brother, sister, mother, father and half-siblings.
“Spouse and spousal relationships include cohabitation, live-in partners, couples living together and couples who have children together,” it added.
The bank thereafter directed all staff whose close relatives have been in the employment of the bank (serving or retired) to complete a form.
In addition, the bank said staff who joined the services of the Bank from 2014 to date and have relationships with Politically Exposed Persons (PEPs) are also required to disclose such by completing the form.
It said: “For clarity, a PEP is an individual who is or has been entrusted with prominent public functions in Nigeria or Foreign countries or by an International Organization and people/entities associated with them.
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“PEPs include Heads of State or Government, Political appointees to Heads of State or Government, State Governors, Senior Politicians, Legislators (Federal, State and Local Government), Local Government Chairmen, Important political party officials, Family members or close associates of PEPs, Senior Government, Judicial or Military Officials, Members of Royal Families, Senior Executives of State-owned Corporations.”
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