The Central Bank of Nigeria (CBN) has sacked a large number of directors, a move that is part of the extensive reforms implemented by the CBN Governor, Yemi Cardoso, since he assumed office.
Cardoso has been downsizing the workforce as part of his reforms. Initially, some senior staff who served during Godwin Emefiele’s tenure were spared in the first wave of layoffs in March.
However, these individuals have now also been dismissed.
Reports indicate that close to 600 employees are affected, with nearly all staff members in the Governor’s Directorate being terminated.
In this latest shakeup, around 200 individuals have already had their termination letters signed and will receive them in the coming days.
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According to reports, 14 of the 17 surviving directors from the Emefiele era were affected in the latest retrenchment exercise.
The affected directors include
1. Clement Oluranti Buari, Director, Strategy Management;
2. Dr Blaise Ijebor, Director, Risk Management;
3. Lydia Ifeanyichukwu Alfa, Director, Internal Audit;
4. Jimoh Musa Itopa, Director, Capacity Development;
5. Muhammad Abba, Director, Human Resources;
6. Rabiu Musa, Director, Finance;
7. Dr Mahmud Hassan, Director, Trade & Exchange;
8. Dr Ozoemena S. Nnaji, Director, Statistics;
9. Dr Omolara Duke, Director, Financial Markets
10. Chibuike D. Nwaegerue, Director, Other Financial Institutions Supervision;
11. Chibuzo A. Efobi, Director, Payments System Management;
12. Haruna Bala Mustafa, Director, Financial Policy and Regulation;
13. Rakiya Shuaibu Mohammed, Director, Information Technology
14. Benjamin Nnadi, Director, Reserve Management.
The three directors that were spared are:
1. Rashida Jumoke Monguno, Director, Corporate Secretariat,
2. Salam-Alada Sirajuddin Kofo, Director, Legal Services and
3. Aderinola Shonekan, Director, Research.
