About the Organization

Shalom Microfinance Bank, based in Lekki Phase 1, Lagos, is a dynamic financial institution dedicated to empowering individuals, small businesses, and entrepreneurs through innovative banking solutions. With a strong emphasis on ethical financial practices, compliance, and corporate governance, the bank has established itself as a trusted name in Nigeria’s microfinance sector.

The bank not only provides essential financial services but also prioritizes professional development opportunities for young law graduates, especially those undergoing the National Youth Service Corps (NYSC) program. By working within a banking institution, interns gain unique exposure to regulatory frameworks, compliance obligations, and legal governance mechanisms that are essential in today’s financial landscape.

About the Event

This internship program is designed for law graduates currently serving or about to commence their NYSC, with an interest in banking law, compliance, and corporate governance.

Interns will get the opportunity to:

• Work on real-time compliance and governance issues faced by the bank
• Assist in drafting and reviewing legal documents and agreements
• Learn about regulatory requirements set by the Central Bank of Nigeria (CBN) and other statutory authorities
• Develop practical skills in risk management and corporate advisory within the microfinance ecosystem

This opportunity is ideal for young graduates seeking in-house legal exposure in the banking sector and looking to apply their academic knowledge in a professional financial environment.

Event Timeline

Format and Structure

The internship follows a structured in-house placement model where interns will be directly involved with the bank’s legal and compliance unit.

Work Profile Includes:

• Drafting & Documentation: Review of internal contracts, compliance forms, and policy guidelines
• Regulatory Compliance: Assistance with CBN filings, internal compliance checks, and governance procedures
• Legal Research: On banking law, microfinance regulations, and corporate governance frameworks
• Support Role: Working under legal officers to ensure due diligence and adherence to financial regulations

Duration:

• For the entire NYSC service year (depending on posting confirmation)

Slots Available:

• 2 positions only (limited intake to ensure hands-on exposure)

Location and Mode

• Mode: Offline (In-office placement)
• Venue: Shalom Microfinance Bank, Lekki Phase 1, Lagos

The internship is strictly on-site, ensuring interns are fully integrated into the bank’s daily operations.

Additional Highlights

• Practice Areas: Banking Law, Compliance, Corporate Governance
• Eligibility:
  • Law graduates currently serving or beginning their NYSC
  • Strong interest in corporate governance and financial law
  • Prior exposure to corporate or banking internships is an added advantage
• Remuneration: As per NYSC stipend and additional benefits may apply
• Growth Opportunities:
  • Gain insights into in-house legal practice in the banking sector
  • Network with financial and legal professionals
  • Strengthen knowledge of corporate compliance mechanisms

FAQs

Q1: Who can apply?
A: Law graduates currently undergoing or starting their NYSC program.

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Q2: Is prior experience in banking law required?
A: Not mandatory, but familiarity with compliance and governance practices is preferred.

Q3: Is this a paid internship?
A: Interns will receive the NYSC stipend and may be considered for additional allowances.

Q4: What is the duration of the internship?
A: The placement will typically last throughout the NYSC service year.

Q5: How many slots are available?
A: Only 2 slots are open, so early applications are encouraged.

Important Links

Downloadables

Sample Cover Letter (PDF)

Contact

Email: hr@shalommfb.com
Subject Line: Legal Intern (NYSC)

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Legal Subjects Notes & Career Guides:

• Judicial Review & Public Interest Litigation (PIL)
• Union-State Relations
• Emergency Provisions (Articles 352–360)