CBN continues staff disengagement, sacks 40 more employees

The Central Bank of Nigeria has reportedly terminated the employment of another batch of 40 staff members, primarily from the development finance department , according to Daily Trust.

However, it was confirmed that Musa Zgabawa Bulus, an Assistant Director heading the National Collateral Registry within the CBN, was among those affected. Most affected staff were reported to be deputy directors and assistant directors, with 22 from the DFD and 18 from the Medicals and Procurement Services Department.

The decision to terminate staff members from the DFD is believed to be part of the CBN's broader restructuring efforts, which include a shift away from direct development interventions.

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