NiDCOM Challenges Gambia's Directive on Foreign Bank Staff

The Nigerian government, through the Nigerians in Commission (NiDCOM), has raised concerns regarding a directive from The Gambia that mandates commercial banks to replace foreign employees with qualified Gambian nationals. This policy, outlined in a circular from the Central Bank of The Gambia dated September 16, 2026, could jeopardize the jobs of up to 57 Nigerian professionals working in four Nigerian-origin banks: Access Bank (NGX: ACCESSCORP), FirstBank, and Zenith Bank (NGX: ZENITHBANK).

The directive requires banks to complete the transition by December 31, 2026. NiDCOM's Chairman and CEO, Abike Dabiri-Erewa, noted that these employees hold valid residency and work permits and have significantly contributed to the Gambian banking sector.

The Central Bank of The Gambia justified the directive by citing a review that revealed a high number of non-Gambian employees in the banking sector, which is inconsistent with the Labour Act 2023. NiDCOM urged the Gambian authorities to engage with the Nigerian High Commission and other stakeholders to find a fair resolution, emphasizing the importance of regional cooperation.