CBN governor reshuffles Central Bank management
Governor of the Central Bank of Nigeria, Godwin Emefiele, has reshuffled the Directors of the bank and assigned them to new positions, following accusations of mismanaging the Nigerian economy and foreign exchange.
The Director of Corporate Communications, Alh. Ibrahim Muazu, has been moved to the Strategy Management Department (SMD), while his office remains vacant, as no replacement has been named.
While Alvan Ikoku is the new Director for the Trade & Exchange Department, Edward Adamu was appointed the new Director of Human Resources, Olasukanmi Gbadamosi, Director of the Legal Department; Chizoba Mojekwu, Capacity Development Department and the International Training Institute (ITI) Learning Centre.
Reports say that top CBN officials have been in fear since last week’s announcement by the President, Muhammadu Buhari, that they were the cause of the recent problems in the Forex market, saying that they opened up Bureaux de Change (BDC) which they used as a medium of obtaining forex under false pretense and reselling in the black market for profit.
While the presidency hasn’t made any move towards restructuring and\or investigating the bank, a Vanguard report quoted a source to have stated that: ‘it was not possible for the directors to join issues with the president but that the information available to him may not necessarily involve all top management staff of the CBN’.
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