Breaking News: CBN Governor Dismisses Eight Directors, 32 Others

By Osaiyekemwen Confidence

 

In a recent development, the Governor of the Central Bank of Nigeria (CBN), Yemi Cardodo, has terminated the employment of 40 staff members, primarily from the Development Finance Department (DFD), as part of the ongoing restructuring efforts.

 

According to a report, the dismissals predominantly affected deputy directors and assistant directors, with 22 from the DFD and the remaining 18 from the Medicals and Procurement Services Department.

 

The affected staff include eight directors, 10 deputy directors, five assistant directors, two principal managers, and two senior managers.

 

This latest wave of dismissals brings the total number of affected staff to 67, signaling a continuation of the restructuring initiatives spearheaded by the Olayemi Cardoso-led Board of Governors.

 

 

In a previous round of dismissals at the Central Bank of Nigeria, not less than 27 members of staff, predominantly directors, were affected by the restructuring measures.

 

This initial wave of dismissals, which targeted senior staff members, signaled the beginning of the restructuring process initiated by the Olayemi Cardoso-led Board of Governors.