Some directors recently sacked by the Central Bank of Nigeria (CBN) have rejected the offer made to them by the bank’s leadership to return as consultants, TheScrutinyNG has gathered.

Checks by our correspondent showed that over 500 staff have been sacked since the assumption of Olayemi Cardoso, who was appointed the bank’s governor by President Bola Tinubu in September 2023.

Cardoso, who wanted a clear departure from the mismanagement that took place during the tenure of his predecessor, Godwin Emefiele, embarked on a clean sweep of the CBN staff while planning to inject new hands into the system.

Our source said while the many of the staff were summarily dismissed, many of the directors were advised to voluntarily resign “so that they won’t be disgraced through sack and in order for them to receive their benefits”.

Speaking further, our source said due to the economic challenges in the country, especially as it relates to the stability of the naira and forex, the CBN has been struggling as it seriously needs the experience of some of the directors who were unceremoniously shown the way out.

According to him, the leadership of the bank reached out to some of the sacked directors to return and work as consultants but they rejected the offer.

“Honestly, I must tell you the CBN governor is trying his best. Those working in the CBN will tell you the man is working round the clock to ensure things don’t get out of hand. I won’t lie about that. However, what people want is result. If you are doing your best and yet no result to show for it, it means your best is not good enough”.

“However, the mass sack of the staff he has embarked upon, especially the directors have gravely affected the operations of the CBN. Many of these directors were holding key strategic positions such as financial policy and regulation, statistics, trade and exchange and so on. Some of the vacant positions are yet to be filled”.

“The bank leadership recently wrote to some of the sacked directors and asked them to return and work as consultants. I know two of them who turned down the offer. They said the CBN governor should go and look for consultants himself as he was the one that unjustly sacked them”

“They said he (Cardoso) reached out to them to work as consultants because he knew they had something to offer. When you know the experience of these directors are needed at this critical time in our nation’s economy, why sack them in the first place?” our source said.

The National Assembly has already taken up the issue as the House of Representatives has directed its Committee on Banking and other Financial Institutions to investigate the circumstances leading to the mass sack.
https://thescrutinyng.com/index.php/2024/06/04/exclusive-sacked-cbn-directors-reject-cardosos-offer-to-return-as-consultants/

Smelling lies from afar

Confused government.

helinues:
Smelling lies from afar

Today should be a useful day buddy.

It seems CBN has lost its cream of top professionals, I once predicted that CBN will go down like Nigeria airways and I was called names. Let us see how this will go down in the next few years from now.

Saintganduje:
Today should be a useful day buddy.

Yes oo, don't mind the apc E-Rat

kettykin:
It seems CBN has lost its cream of top professionals, I once predicted that CBN will go down like Nigeria airways and I was called names. Let us see how this will go down in the next few years from now.

Professionals who almost destroyed the Economy because of unnecessary Naira Note Change

Acting before they think, cardib will be the worst CBN governor by 2027.

kettykin:
It seems CBN has lost its cream of top professionals, I once predicted that CBN would go down like Nigeria Airways and I was called names. Let us see how this will go down in the next few years from now.

You don't know about financial government and what CBN represents as a financial institution. Nigeria owes CBN more than N100 trillion and other billions of dollars. It's Nigeria to will collapse before CBN does.

They didn't transfer their knowledge to subordinates all these years? They deserved to be sacked.

This blogger your news is not to be trusted.

helinues:
Smelling lies from afar

Be useful today

JAMO84:
They didn't transfer their knowledge to subordinates all these years? They deserved to be sacked.

Even in the army it's done, retired officers with expertise are recalled as consultants.
It's normal practice but una go argue

CrossRhodes:

Be useful today

The 7th monikers to troll just this morning alone yet na me no dey useful.

You might need a brain transplant

..

..what are the name of the directors ? that is important to know if the level of emilokan parapo that was involved..

They said he (Cardoso) reached out to them to work as consultants because he knew they had something to offer. When you know the experience of these directors are needed at this critical time in our nation’s economy, why sack them in the first place?” our source said.

..using Emefiele as an excuse to Sack directors who are far more competent than him
.So that he can appoint his parapo illiterates as directors..

..the incompetent quack of CBN Governor is now crying, begging the directors to work for CBN as consultanzs..

..this is the result of Nepotism, tribalism and bigotry of the emilokans..

helinues:


The 7th monikers to troll just this morning alone yet na me no dey useful.

You might need a brain transplant

You see how dumb you are to think brain transplant is possible......

Even if it were, not with a pap filled brain like yours

CrossRhodes:

Even in the army it's done, retired officers with expertise are recalled as consultants.
It's normal practice but una go argue

The army personnel needs can never be enough, in fact, Nigerian army has always been understaffed since 15 years ago. Do not compare CBN to the Army, it's not logical.

Christistruth00:


Professionals who almost destroyed the Economy because of unnecessary Naira Note Change

hahaha..this is the new lie this crew will be peddling, i see.

Same crew was shouting thru the rooftops and blaming Emefoole for printing excess naira thru ways and means, as the SOLE reason for the inflation today...

yet same crew stood against, rallied foolish Nigerians against and thwarted Emefoole's plan to remedy his fuuuuck up by mopping all that excess cash thru the brilliant and should-have-been effective currency redesign policy....

Coincidentally, same crew rallied Nigerians against fuel subsidy, and admitted on live TV 12 years later that it was all politics.

Same crew is now still saying the currency redesign policy that was supposed to solve a self-imposed problem by the same crew, is the problem.

What manner of people are these??

COMRADES are laughing at this hilarious news