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NEWS

CBN Sacks Another 40 Staff

April 8, 2024 • 1 min read

The Central Bank of Nigeria (CBN) has reportedly sacked forty members of its staff.

This, it was learnt, was in furtherance of its on-going restructuring.

Details of those affected cannot be ascertained, but Musa Zgabawa Bulus, an Assistant Director of the CBN, heading the National Collateral Registry (NCR) was affected.

NCR is an initiative of CBN aimed at improving access to finance particularly for Nano, Micro, Small and Medium Enterprises (MSMEs) leveraging movable assets.

Deputy directors and assistant directors were mostly affected with 22 from the DFD and the remaining 18 from medicals and procurement services department.

Recall that not less than 27 members of staff, most of them directors at the Central Bank of Nigeria, were affected by the first batch of dismissals, even as more are set to be axed in the coming days.

Amongst those affected were eight directors, 10 deputy directors, five assistant directors, two principal managers and two senior managers.
With the latest number of affected staff, the total has now reached 67, in what appears to be a series by the Olayemi Cardoso-led Board of Governors.

Source: Daily Trust