Section 46: Prohibition of the Receipt of Commissions etc. by Staff of Banks.

(1) Any director, manager, officer or employee of a bank or any other person receiving remuneration from the bank, who solicits, receives, consents or agrees to receive any gift, commission, employment, service, gratuity, money, property or thing of value for his own personal benefit or advantage or for that of any of his relations, from any person for-
(a) procuring or endeavouring to procure for any person any advance, procuring or, loan or credit facility from the bank,
(b) the purpose of the purchase or discount of any draft, note, cheque, bill of exchange or other obligation by that bank,
(c) permitting any person to overdraw any account with that bank without proper authority or compliance with rules and guidelines for that purpose, or
(d) any other service rendered in line with his duty as an employee of the bank,
commits an offence and is liable on conviction to-
(i) a fine of N5,000,000,
(ii) imprisonment for a term of five years, or
(iii) both such fine and imprisonment and, in addition, any such gift or other commission shall be forfeited to the bank.
(2) The provisions of subsection (1) shall not in any manner derogate from, and shall be without prejudice to, any other written law relating to corruption or illegal gratification.