The saying that the falling of dry leaves are warning to the green ones captured the mood across all Departments of the Central Bank of Nigeria (CBN) yesterday following the sack of another batch of 40 employees, yesterday.

Revolnews gathered that the sacked workers this time were from the Development Finance Department (DFD) was in furtherance of the apex bank’s ongoing restructuring.
The latest sack came on the heels of an earlier lay off of 27 staff, bringing the total number affected to 67.
According to Daily Trust reports, the dismissals were likely connected to the CBN’s refocus away from development finance interventions.

Governor Olayemi Cardoso had previously voiced concerns about such interventions, arguing that they take the bank outside its core function and can distort the economy.

Specifically, among those asked to go is Musa Zgabawa Bulus, an Assistant Director who headed the National Collateral Registry (NCR).

The NCR is an initiative aimed at improving access to finance for small and medium-sized enterprises (MSMEs) by leveraging movable assets as collateral.

According to insiders,the dismissals reportedly targeted senior staff, with 22 from the DFD and 18 from the Medicals and Procurement Services Department.

It would be recalled that among the previous batch were eight directors, 10 deputy directors, five assistant directors, two principal managers, and two senior managers.

Insiders said that after the sacking of the senior staff, the management will focus on the middle level and junior staff,adding that a state of deja vu permeates the apex bank now as the job security which was the hallmark of the apex bank is gradually frittering away.

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