By Dare Balogun, 4th June, 2024
Governor Olayemi Cardoso of the Central Bank of Nigeria (CBN) has reportedly dismissed 25 out of 29 directors inherited from the administration of the former CBN Governor, Godwin Emefiele, who is currently facing legal troubles. According to Naija News, the dismissed directors led various strategic departments, while the remaining four retired upon reaching the statutory retirement age of 60
Senior CBN officials, speaking with Daily Trust, revealed that departmental coordinators are currently acting in place of the dismissed directors. They also mentioned that the management plans to hire new directors from outside the bank.
One senior official questioned the continued reliance on acting directors, saying, “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 vacant departments under the leadership of acting directors.
The directors affected by Cardoso’s restructuring include:
Dr. Blaise Ijebor, Director of Risk Management
Dr. Mahmud Hassan, Director of Trade & Exchange
Dr. Ozoemena S. Nnaji, Director of Statistics
Chibuike D. Nwaegerue, Director of Other Financial Institutions Supervision
Chibuzo A. Efobi, Director of Payments System Management
Haruna Bala Mustafa, Director of Financial Policy and Regulation
Rakiya Shuaibu Mohammed, Director of Information Technology
Benjamin Nnadi, Director of Reserve Management
Meanwhile, the directors still in service include 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), Blaise Ijebor (Risk Management), and Lydia I. Alfa (Internal Audit)
