The Central Bank of Nigeria (CBN) has advised banks and financial institutions in the country to acknowledge their employees’ rights to safe and reasonable working conditions.
The CBN gave the advice in a letter posted on its website yesterday. The letter signed by the Director of Banking Supervision, CBN, Mrs. Tokunbo Martins, noted that banks, discount houses and development finance institutions were not complying with the spirit and letters of principle three of the Nigerian Sustainability Banking Principles (NSBP) on ‘Human Rights’ which states that “we will respect human rights in our business operations and business activities.”
It added that a bank’s approach to human rights should be consistent with promoting the requirements, and improving the enforcement of the Nigerian Constitution, the United Nations Declaration on Human Rights and other international treaties to which Nigeria is a signatory.
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