Cardoso Fired 25 Of 29 Directors He Met At CBN – Report


Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, sacked 25 of the 29 directors he inherited, Daily Trust has learnt.

The other four of them recently retired on attaining the statutory retirement age of 60.

Those directors were heading various strategic departments under the directorates of the bank.

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The CBN directors still in service are Rashida Jumoke Monguno, Corporate Secretariat; Aderinola Shonekan, Research, Omolara Duke, Financial Markets; Jimoh Musa Itopa; Capacity Development; Muhammad Abba, Human Resources; Rabiu Musa, Finance; Sirajuddin Kofo Salam-Alada, Legal Services; Blaise Ijebor, Risk Management and Lydia I. Alfa, Internal Audit.

It was gathered  that the management had concluded plans to recruit new directors from outside the apex bank.

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Below is a list of some of the directors affected by Cardoso’s storm at the apex bank:


  • Dr Blaise Ijebor, Director, Risk Management
  • Dr Mahmud Hassan, Director, Trade & Exchange;
  • Dr Ozoemena S. Nnaji, Director, Statistics
  • 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

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