Section 55, The Banking Act, 2019

(1) Notwithstanding the power to request a bank or financialholding company to submit information and periodic returns under section 54, the Central Bank may carry out investigation and examination or scrutiny into any specific matter relating to the operations of a bank or financial holding company. (2) The Central Bank may carry out an investigation and examination under subsection (1), at such intervals as it considers appropriate taking into account its evaluation of the risks posed by the institution. (3) A person authorised by the Central Bank to carry out an investigation under subsection (1) shall - (a) have right of access to a bank or financial holding company's books and records including documents, minutes books, customer files, personnel files, cash and securities records and electronic information files and it shall be the duty of the bank or financial holding company to cooperate and assist the person authorised to carry out this function; (b) have a right to call upon any director, key management personnel or any other employee of the bank or financial holding company to provide him with such information and explanation as he may consider necessary and it shall be the duty of director, key management personnel or other employee to comply. (4) A person who fails to comply with this section or obstructs an authorised official from performing his duty, commits an offence and is liable upon conviction to a fine or to a term of imprisonment of 2 years or both the fine and imprisonment.