The Central Bank of Nigeria (CBN) is taking steps to appoint new directors after a recent shake-up that saw several high-ranking officials relieved of their positions.
An internal advertisement revealed that the bank is looking to fill seven key positions.
This move marks a significant change in leadership at the apex bank.
Positions Up for Grabs
– Director of Corporate Communications Department (CCD)
– Director of Financial Policy and Regulation Department (FPRD)
– Director of Other Financial Institutions Supervision Department (OFISD)
– Director of Procurement & Support Services Department (PSSD)
– Director of Banking Services Department (BKSD)
– Director of Medical Services Department (MSD)
– Director of Information Technology Department (ITD)
The CBN has 13 departments, each currently led by coordinators.
According to the advertisement, candidates must be confirmed staff members at the level of deputy director.
They must have served in that role for at least three years as of the advertisement date.
Candidates close to retirement, with two years or less, are not eligible to apply.
Each applicant is limited to one position, as multiple applications will result in disqualification.
Applications must be submitted by 4 PM on September 27, 2024.
Only shortlisted candidates will be contacted.
Impact of Recent Restructuring
Earlier this year, CBN undertook significant reorganizations that affected at least 27 staff members, including eight directors.
CBN Governor Olayemi Cardoso has dismissed 17 directors, with four others retiring upon reaching the age of 60.
The restructuring is part of a broader strategy to realign the bank with its new mission and vision.
There are growing concerns that current acting directors, referred to as coordinators, may not qualify for the new positions.
The vacancy announcement also specifies that applicants need a minimum of 20 years of working experience.
Of this, at least 12 years must be at a senior management level.
This requirement could further limit the pool of qualified candidates, particularly among those currently acting in key roles.
The recent changes at CBN come amid a challenging economic environment in Nigeria.
