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CBN sacks more directors

 

 

Olayemi Cardoso led Central Bank of Nigeria (CBN) has relieved more directors of the apex bank of their duties.

This time, the gale of sack at the bank hit all directors under the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL).
Information reaching the The Nigerian Xpress revealed that the CBN Governor, Mr Olayemi Cardoso, approved the sack on Friday.

The sack, part of what Cardoso described as structural changes, has further sent shock waves within the Bank staff.

Those allegedly affected and yet to be confirmed by us are NIRSAL executive management led by Managing Director and Chief Executive Officer, Abbas Umar Masanawa; Kennedy Nwaruh, Executive Director, Operations; and Olatunde Akande, NIRSAL Plc’s Executive Director, Technical.

The current layoff of the directors brings the list of those so far disengaged from the bank since Cardoso took over to about 700.

The apex bank had in May this year sacked seven directors and another 90 senior management staff over what it called ongoing organisational and human capital restructuring process.

Those affected then were directors in charge of Statistics department, trade and exchange department, policy regulatory department, Information Technology department, the bank’s director of corporate services in Ghana and some deputy directors.

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