By Abiola Olawale
The governor of Central Bank of Nigeria (CBN), Olayemi Cardoso has approved the sacked of all directors under the Executive management of the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL).
According to reports, the CBN Governor, Cardoso reportedly sanctioned the sack of the directors on Friday, August 30, 2024.
The NIRSAL executive management said to be affected by the decision are the 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 of the series of sacks at the CBN since Cardoso assumed office.
The New Diplomat reports that the CBN, under the leadership of Cardoso, has been witnessing massive pruning.
In March, about 50 staff were allegedly sacked. The sack, which was said to have cut across 29 departments in the apex bank, brought the number of those sacked to a total of 117 as of March.
While the actual reasons for the mass sack remained unknown, it comes amidst reports that the Cardoso-led CBN is reportedly battle-ready to fire all staff who had strong working ties with the embattled erstwhile CBN governor, Godwin Emefiele.
In May, the CBN sacked seven directors, and as well over 90 senior management staff.
Some of those affected were 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.
