The Central Bank of Nigeria, led by Olayemi Cardoso, continued its promised in-house clean-up exercise upon assuming office.
On Friday, May 24, 2024, news broke that more than 300 employees of the CBN had been sacked between Thursday and Friday.
A report states that up to seven directors and well over 90 senior management staff were relieved of their jobs.
The most affected staff is in the CBN’s governor’s directorate department, while the entire staff of the economic intelligence unit, whose role is basically to carry out quiet investigations in the bank, was all cleared.
The latest move, which brings the total number of affected staff to nearly 600.
A letter signed by the Director, Human Resources Department. seen by BusinessDay addressed to one of the affected staff reads:
TimesNow.com.ng reported that since taking office, the CBN governor has embarked on a clean-up exercise, sacking directors employed under Godwin Emefiele, the former CBN governor, and announcing the relocation of some of its departments to Lagos.
According to Dailytrust here are some of the names of directors asked to leave.
Earlier, TimesNow.com.ng reported that the CBN announced stopping daily Cash Reserve Requirement (CRR) debits for banks.
The apex bank said it would adopt an updated CRR mechanism intended to facilitate banks’ capacity for planning, monitoring and aligning with records with the CBN.
This was disclosed in a letter addressed to all banks and signed by Adetona Adedeji, the acting director of the banking supervision department.
Source: TimesNow.com.ng
