According to media reports, the Central Bank of Nigeria (CBN) may dismiss twelve more directors. The planned sack of the senior personnel followed the termination of the appointments of seven directors by the apex bank on Friday, 15 March. Two of the affected directors were said to have accepted the decision. The five others are reportedly planning to take legal action against their employer for what they consider as unlawful termination of their career. It was learned that the two directors who have resigned to fate are under probe by officials of the Economic and Financial Crimes Commission (EFCC) having been implicated in the Jim Obaze Report. The termination letters sent to the seven directors cited “reorganizational and human capital restructuring” as the reason for their dismissal, in line with the bank’s new strategic direction. The letters stated that their “services would no longer be required with effect from Friday, 15th March 2024”. It directed them to hand over all bank properties in their possession to their department’s administrator immediately.
Fire guts Onitsha market, wares worth hundreds of millions of Naira burnt
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