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Membership of the Association shall be limited to and shall be within the following categories:
Corporate Members which shall be any money deposit and clearing Banks Licensed by the Central Bank of Nigeria or licensed directly by the Federal Government of Nigeria;
Individual Members who must have been sponsored by operating money deposit and clearing Banks where they are Directors;
Honorary Members shall only be those who have distinguished themselves in the Banking Industry in Nigeria and are approved by the Governing Council of the Association and Ex Officio Members (who shall be from the Central Bank of Nigeria, Nigeria Insurance Deposit Corporation and Financial Institutions Training Centre).
The Bank Directors' Association of Nigeria (BDAN) was inaugurated at the 13th Annual Bank Directors' Seminar held in Abuja in June 1997. A fifteen man Governing Council headed by Major General G.O. Ejiga Rtd was constituted.