NewStats: 3,259,526 , 8,170,424 topics. Date: Sunday, 25 May 2025 at 01:05 PM 6l182w

Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has cancelled the appointments of all executive directors at the Nigeria Incentive-Based Risk Sharing System for Agriculture Lending (NIRSAL).

The sacked NIRSAL executive directors are the Managing Director and Chief Executive Officer Abbas Umar Masanawa; Executive Director, Operations Kennedy Nwaruh and Executive Director, Technical Olatunde Akande.

This decision was approved by CBN Governor, Olayemi Cardoso.

A NIRSAL official confirmed the development to The Nation, stating that the remaining staff were awaiting clarity on the circumstances surrounding the executive directors’ dismissal.

In the termination letters, the CBN cited an ongoing major organisational and human capital restructuring process as the reason for the dismissals.

NIRSAL is a non-bank financial institution that is wholly owned by the CBN.

It was established in 2013 to stimulate agricultural finance and investments.

https://saharareporters.com/2024/08/31/central-bank-nigeria-sacks-all-executive-directors-financial-institution-nirsal

Obviously, you don't wanna be sacked in this economic situation

Creating vacancy for an Olaniyi to takeover 😏

C h a i..








Awon ti wonti Ji owo ko.

Scrap the agency they only give agric loan to federal and state workers where can get back their loan monthly from their salary while farmers don't get a dime

Make dem sack anybody wey Dem wan sack abeg

Appletek:


Are you saying they sacked Olatunde for an Olaniyi to take over?

No wonder you are ing Ekpa to cage your mothers wella

Stop vomiting trash, he said the truth. The
Whole world can see thru tinubu's antics

Otilor

Finally. This agency has been a hub of thievery.
Those their scam programmes such as Anchor borrower scheme... God!!!

This is long overdue.

That's massive

Better

Igbo wailing wailer. By now you should know your Igbo father's wailing won't stop Tinubu if he want a Yoruba to head that institution, not even if you n your father wail to death n beyond.

Penguin2:
Creating vacancy for an Olaniyi to takeover 😏

Penguin2:
Creating vacancy for an Olaniyi to takeover 😏

Okoro, you still carry mumu tribalism enter new month?

Well, see the names of those sacked.

1. Abbas Umar Masanawa
2. Kennedy Nwaruh
3. Olatunde Akande.

Make of it whatever your brain can process.

its high time

Sack Tinubu

Good move.

Similarly, why are Refineries that have not refined any drop of petroleum product since 2003 still have staff in their payroll, still incurring huge personnel costs. Who are they paying? For what? Bubu should tell us please.

Something is cooking

Ok

It's high time. The massive fraud and thiefry that is happening in that sector is second to none.

Go and do your proper checks, this might be ethnic cleansing in progress. Just as was the case with the sackings of the CBN directors last time

Certain regions of this country beleive that the control of the banking/insurance and the total financial sectors of this country is their birthright and would do everything tonweed out others.

The bank of industries that should be the catalyst for industrial revolution across every region of the country, is now practically onlylending to businesses in and around Lagos. While other areas are mocked.

just another fraudulent place

More like una don chop una own, make una come dey go make others see chop too.

God, when e go reach our turn too?

Those that are saying Yoruba men will replace them, so if baba wey no well give una appointment, una go collect?

streetshuttle:
It's high time. The massive fraud and thiefry that is happening in that sector is second to none.

Can the corrupt check the corrupt??

Tulumbu killing the north

Does this have to do with the GIS recovery that is swallowing money from people's money without their consent?

If I correctly, they said it was a grant (COVID 19 loan), but turned around later to say it was a loan.