Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has reportedly dismissed 25 out of the 29 directors he inherited from the administration of the embattled former CBN Governor, Godwin Emefiele. Naija News learned that the affected directors were leading various strategic departments within the bank. The remaining four directors recently retired upon reaching the statutory retirement age of 60.
Senior officials at the CBN disclosed to Daily Trust that the departments are currently being managed by departmental coordinators acting in the capacity of the sacked directors. The officials added that the management has plans to recruit new directors from outside the apex bank.
One senior official questioned, “Why are the departments still being manned by departmental coordinators more than three months after the sack of the substantive directors?” Another source noted that since Cardoso’s appointment, no new directors have been appointed, leaving all vacant departments under the leadership of acting directors.
Some of the directors affected by Cardoso’s restructuring include:
– Dr. Blaise Ijebor, Director, Risk Management
– Dr. Mahmud Hassan, Director, Trade & Exchange
– Dr. Ozoemena S. Nnaji, Director, Statistics
– Chibuike D. Nwaegerue, Director, Other Financial Institutions Supervision
– Chibuzo A. Efobi, Director, Payments System Management
– Haruna Bala Mustafa, Director, Financial Policy and Regulation
– Rakiya Shuaibu Mohammed, Director, Information Technology
– Benjamin Nnadi, Director, Reserve Management
Meanwhile, the directors who remain in service are:
– Rashida Jumoke Monguno, Corporate Secretariat
– Aderinola Shonekan, Research
– Omolara Duke, Financial Markets
– Jimoh Musa Itopa, Capacity Development
– Muhammad Abba, Human Resources
– Rabiu Musa, Finance
– Sirajuddin Kofo Salam-Alada, Legal Services
– Lydia I. Alfa, Internal Audit
This significant shake-up is part of Cardoso’s broader efforts to reorganize and restructure the Central Bank of Nigeria.
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