In a bid to reinvigorate the operations of the Central Bank of Nigeria, CBN, in light of the criticisms it has received over the handling of the foreign exchange administration, the CBN Governor, Mr. Godwin Emefiele, has reshuffled some of the Directors of the apex bank.
It was learnt that since President Muhammadu Buhari recently laid part of the blame for the crisis in the FOREX market at the doorstep of the apex bank, some of its top management staff have not been at ease.
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
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