CBN Sacks More Directors (Full List)

News reaching the OsunReporters News revealed that the Central Bank of Nigeria (CBN) has sacked all directors under the Executive management of the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL).

Reports stated that one of the affected personnel anonymously 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.

_______It should be recalled that the CBN sacked seven directors, and well over 90 senior management staff were relieved of their jobs in May 2024 where Directors in charge of the 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 were affected.

,,, _____The bank stated that the directors were dismissed as part of an ongoing major organizational and human capital restructuring process.(TheWill)