0 CBN gives banks deadline on competency details of staff

Determined to address the competency level of staff in the financial services sector, the Central Bank of Nigeria (CBN) has ordered banks to avail it of details of staffers currently occupying controlled functions.

The directive which expires September 14, 2012, directs all banks to among others furnish the CBN with names, academic and other qualifications of the incumbent staff.

Other details of the directives which is a follow up to inputs of stakeholders to the exposure draft on competence framework for the industry, recently released by the CBN included number of years of experience on the job and post qualifications.

Similarly, the CBN has released implementation principles for sustainable banking.

Part of the circular, ‘Assessment of Competencies in the Nigerian Banking Industry’, signed by Duniya Y. B, director financial policy and regulation department, CBN, said “further to the exposure draft on the competency framework for the Nigerian banking industry issued on June 26, 2012, we advise stakeholders that we have noted and incorporated as appropriate observations submitted in respect of the exposed draft.

“However, there is need to assess the skills, qualifications, experience and competences of staff currently occupying controlled functions as provided in the appendix B of the draft framework.

“Your response should reach the director, financial policy and regulation department before September 14, 2012”.