Parrot Reporters
No Result
View All Result
  • Home
  • Top Stories
  • News
  • Politics
  • Business
  • Economy
  • World News
  • Diaspora
  • Other Features
    • Crime
    • Entertainment
    • Tourism
    • Interviews
    • Editorials
    • Opinion
Parrot Reporters

Shakeup of CBN Board Imminent

Reporter by Reporter
October 2, 2023
0
Shakeup of CBN Board Imminent
Share on FacebookShare on TwitterShare on Whatsapp

Major restructuring of the board of CBN is underway as part of plans to fully align the institutional perspective of the apex bank with the ongoing reforms.

The board of the CBN is made up of five executives and seven non-executive members. The five executive members are the Governor and four deputy governors.

Multiple sources in the know of the undercurrents yesterday said the composition of the board of the apex bank may soon change in order to give the apex bank a clean start and realign it with the reform mandate of the new CBN management.
“Fresh thinking and ideas is sorely needed in the management of our finances at this time,” a source said.

According to the source, the board of the apex bank could not be divested from its activities, thus the extension of the sweeping change of the

executive management to the board.
A source pointed out that given the rationales for the appointment of the new executive management, the government would want people with the same philosophical views to compliment the new executives.

“With reconstitution of the board of governors, it’s only a matter of time for the main board which incidentally is headed by the CBN Governor, to be reconstituted,” another source said.

The organogram of the apex bank places the board of directors as the highest organ, followed by the office of the Governor and then, the four deputy governors.

By Aremu Abdullah Olaniyi

More News...

A Heart Cry of the Nigerian Youth: Who Will Hear Us?

A Heart Cry of the Nigerian Youth: Who Will Hear Us?

The underdevelopment of Ijebu-Jesa, my Native Nazareth (1)

The underdevelopment of Ijebu-Jesa, my Native Nazareth (1)

Governor Umo Eno Defects to APC, Cites State Interest and Need for Federal Alignment.

Governor Umo Eno Defects to APC, Cites State Interest and Need for Federal Alignment.

Trump Threatens Elon Musk’s Government Contracts Amid Intensifying Feud

Trump Threatens Elon Musk’s Government Contracts Amid Intensifying Feud

FROM MARGINS TO MOMENTUM: THE LAGOS YOUTHS STORY

FROM MARGINS TO MOMENTUM: THE LAGOS YOUTHS STORY

FG Declares June 6th and 9th, 2025, as Public Holidays For Eid-ul-Adha Celebration

FG Declares June 6th and 9th, 2025, as Public Holidays For Eid-ul-Adha Celebration

This Tinubu You Hate Today You Will Learn To Love Without Duress Tomorrow 

This Tinubu You Hate Today You Will Learn To Love Without Duress Tomorrow 

Lagos Commissioner Engages Informal Youths on the Streets, Unlocks Access to Health and Social Reintegration

Lagos Commissioner Engages Informal Youths on the Streets, Unlocks Access to Health and Social Reintegration

About Us

Parrot Reporters is an independent and non-partisan news platform with special focus on Nigerians in Diaspora cum news within and outside the shore of Nigeria.


Our aim is to celebrate the exploits of Nigerians in diaspora particularly in Southern Africa and other parts of the world.

Categories

  • Business
  • Comic
  • Cover Stories
  • Crime
  • Economy
  • Editorials
  • Entertainment
  • Health
  • Interviews
  • Nigerians In Diaspora
  • Opinion
  • Other News
  • Politics
  • Sports
  • Tourism
  • Videos
  • World News

Follow Us

COPYRIGHT © Parrot Reporters
No Result
View All Result
  • Browse
    • Sports

© Parrot Reporters