CBN Dismiss Top Executives of NIRSAL

The Central Bank of Nigeria has dismissed the Executive Directors of NIRSAL.

The Central Bank of Nigeria (CBN) has decided to end the appointments of all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL).

The measure, which received approval from CBN Governor Olayemi Cardoso on Friday, represents the most recent instance of staff reductions at the central bank since he took office last year.

The executive directors of NIRSAL who have been dismissed include Abbas Umar Masanawa, the Managing Director and Chief Executive Officer; Kennedy Nwaruh, the Executive Director of Operations; and Olatunde Akande, the Executive Director of Technical Affairs.