CBN sacks another set of directors
The Central Bank of Nigeria (CBN) has sacked all directors under the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL).
According to THEWILL, one of the affected personnel said the apex bank Governor, Mr Olayemi Cardoso, approved the sack on Friday.
The NIRSAL executive management are: Managing Director and Chief Executive Officer, Abbas Umar Masanawa; Kennedy Nwaruh, Executive Director, Operations; and Olatunde Akande, NIRSAL Plc’s Executive Director, Technical.
This is one in series of sacks at the CBN since Yemi Cardoso, assumed office last year.
The layoff of the directors brings the list of those so far disengaged from the bank to over 700.
In May, the CBN sacked seven directors, and well over 90 senior management staff were relieved of their jobs.
Some of those affected 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 a whole lot of deputy directors.
The bank stated that the directors were dismissed as part of an ongoing major organizational and human capital restructuring process.
