However, the two directors who quietly accepted their
termination also faced a case with the Economic and Financial Crimes
Commission, EFCC, due to their implication in the Jim Obazee report.
The termination letters sent to the seven directors cited
“reorganizational and human capital restructuring” as the reason for their
dismissal, which was in line with the bank’s new strategic direction.
The letters reportedly stated that their services would no
longer be required as of Friday, March 15, 2024, and they were instructed to
immediately hand over all bank properties to their department’s administrator.
Meanwhile, a source within the CBN expressed concern over
the lack of an exit package for the terminated directors, especially
considering their years of service and the absence of any charges or
accusations against them.
The source also highlighted the loss of years of
institutional knowledge and expertise that would result from the dismissal of
these experienced directors.
It has been revealed that the remaining 12 directors who
have not received their termination letters are aware of their impending
dismissal.
Some staff members have appealed to the management on behalf
of the affected directors, requesting that the sack be reconsidered and
converted to retirement to allow the directors to receive their allowances.
The situation at the apex bank has sparked discussions and
concerns about the impact of the dismissals on the bank’s operations and the
fate of the affected directors.
Recall that on November 24, 2023, the apex bank reassigned
directors to a division under the Governor’s Directorate, FSS 2020, in Maitama,
Abuja.
Samuel Chukwuyem Okojere, Abdulmumin Abdulsalam Isa, Dr
Elizabeth Amos Kwaghe, Dr Maureen Omolola Chukwurah, and Arinze Stanley were
among the directors transferred to the FSS 2020 division.
The development comes after the banks’ controversial
relocation of at least 150 employees from the Banking Supervision Department,
BSD, one of its 29 departments, to Lagos State.
