Aluko & Oyebode updates

 
Legislative trends in banking sector: a step in the right direction?
Aluko & Oyebode
  • Banking
  • Nigeria
  • 07 September 2018

The National Assembly is considering three bills to repeal and re-enact the key pieces of legislation that regulate the banking sector. Collectively, the bills provide for an increase in the Central Bank of Nigeria's autonomy and discretionary powers, an expansion of the banking regulation regime to accommodate electronic transactions and increased penalties for infractions, including the imposition of personal liability on bank officers and directors.

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