The Bank Employees, etc. (Declaration of Assets) Act, 1986

Click to download: The Bank Employees, etc. (Declaration of Assets) Act, 1986

As far back as 1986, Nigeria made a federal law to mandating all owners, employees, full time workers and part-time workers in the financial sector, the Nigeria Customs Service and the Central Bank of Nigeria to declare their assets to government, upon employment, during employment and even two (2) years after employment.

The Bank Employees, etc. (Declaration of Assets) Act, (BEDA Act) came into force on 26 day of September 1986. This date falls into the military administration of General Ibrahim Babangida (Military Ruler of Nigeria between 1985 and 1993). The essence of the law as can be inferred from the long list of the law and its general provisions is for the declaration of assets by employees of banks operating in Nigeria, the Central Bank of Nigeria, the Nigeria Customs Service and any other category persons that the President orders that the law extends to. Among other things, it criminalizes failure to unjust enrichment, false declaration of assets, refusal to declare assets and allows the investigation of assets of family members, friends and associates of persons required to declare their assets.

Click to download: The Bank Employees, etc. (Declaration of Assets) Act, 1986

Sabi Law Projects:

#SabiLaw

#DailyLawTips

#SabiBusinessLaw

#SabiElectionLaws

#SabiHumanRights

#SabiLawOnTheBeatFm

#SabiLawLectureSeries

#CriminalJusticeMonday

#SabiLawVideoChallenge

To receive free Daily Law Tips, join our free WhatsApp group via https://chat.whatsapp.com/L7h4f1exItZ38FeuhXG4WN or Telegram group, via the below link: https://t.me/LearnNigerianLaws

To keep up to date on all free legal awareness projects of Sabi Law Foundation, follow us via

Facebook Page:@LearnNigerianLaws,

Instagram:@LearnNigerianLaws,

Twitter: @LearnNigeriaLaw,  

YouTube: Learn Nigerian Laws, 

WhatsApp Groups via (https://chat.whatsapp.com/L7h4f1exItZ38FeuhXG4WN),

Telegram Group: (https://t.me/LearnNigerianLaws),

Facebook group: (https://www.facebook.com/groups/129824937650907/?ref=share)

or visit our website: (www.LearnNigerianLaws.com)

Please share this publication for free till it gets to those that need it most. Save a Nigerian today! NOTE: Sharing, modifying or publishing this publication without giving credit to the author or Sabi Law Foundation is a criminal breach of copyright and will be prosecuted. This publication is the writer’s view not a legal advice and does not create any form of relationship. You may reach the writer for more information.

This publication is powered by www.LearnNigerianLaws.com {A Free Law Awareness Program of Sabi Law Foundation, supported by the law firm of Bezaleel Chambers International (BCI).} Sabi Law Foundation is a Not-For-Profit and Non-Governmental Legal Awareness Organization based in Nigeria. For sponsorship and partnership, contact: [email protected], [email protected] or +234 903 913 1200.