REVIEW OF THE BOFIA BILL The Bank and other Financial Institutions Bill is currently under review of the National Assembly. The Bank and Other Financial Institutions Act 2004 has been in operation since 1991. However, there are sensitive areas that the Act did not address. Hence, the Central Bank of Nigeria has been regulating the Financial space with the aid of guidelines issued periodically in ensuring compliance with international standard. The officers and employee of the Bank upon receiv...
