A significant number of directors who had survived the ongoing restructuring at the Central Bank of Nigeria (CBN) have now been dismissed.
CBN Governor Yemi Cardoso has implemented substantial reforms, including workforce downsizing, since taking the helm of the apex bank. Earlier reports indicated that certain senior staff members who served during Godwin Emefiele’s tenure were initially spared from the layoffs that began in March. However, these individuals have now also been let go.
Reports suggest that nearly 600 employees are affected, with almost all staff members in the Governor’s Directorate being terminated. In the latest round of layoffs, around 200 individuals have had their engagement letters signed and will receive them in the coming days.
The following is a list of directors affected by the latest shakeup at the CBN:
- Clement Oluranti Buari, Director, Strategy Management
- Dr. Blaise Ijebor, Director, Risk Management
- Lydia Ifeanyichukwu Alfa, Director, Internal Audit
- Jimoh Musa Itopa, Director, Capacity Development
- Muhammad Abba, Director, Human Resources
- Rabiu Musa, Director, Finance
- Dr. Mahmud Hassan, Director, Trade & Exchange
- Dr. Ozoemena S. Nnaji, Director, Statistics
- Dr. Omolara Duke, Director, Financial Markets
- Chibuike D. Nwaegerue, Director, Other Financial Institutions Supervision
- Chibuzo A. Efobi, Director, Payments System Management
- Haruna Bala Mustafa, Director, Financial Policy and Regulation
- Rakiya Shuaibu Mohammed, Director, Information Technology
- Benjamin Nnadi, Director, Reserve Management