CBN begins reorganisation with sack of directors

There are indications that the Central Bank of Nigeria (CBN) has sacked at least 5 directors in what seems like the commencement of reorganisation process at the apex bank.

The affected officials have already received termination notices since March 15th, 2024 sources close to the bank said.

Although details and reasons for the sack of these top officials still appear quite unclear, an online news platform Nairametrics reported that sources within the bank revealed that the directors affected include Trade and Exchange Department, Securities Department, Development Finance Department, as well as Purchasing and Support Services Department.

These directors, according to sources, were initially reassigned to FSS 2020, a division of the bank under the Governor’s Directorate located in the Maitama District of Abuja on November 24th, 2023, and kept in a holding pattern for further directives.

Samuel Chukwuyem Okojere, Abdulmumin Abdulsalam Isa, Dr. Elizabeth Amos Kwaghe, Dr. Maureen Omolola Chukwurah, and Mr. Arinze Stanley were among the directors who were transferred to the FSS 2020 division on November 24th of the preceding year.

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