10years In Office For Nigerian Banks' MDs/CEOs: Why Is Access Bank An Exemption?
The
Central Bank of Nigeria (CBN) sometimes in 2010 or so, issued a
circular that the MDs/CEOs of Nigerian Banks shall no longer spend more
than 10 years in office as part of the efforts to sanitize the
prevailing abuses in the banking sector,. One year after this circular, a
number of banks namely Zenith, UBA and Skye Banks lost their MDs/CEOs
to this policy.
It is however surprising to note that the current
MD/CEO of Access Bank has spent more than the 10 years stipulated by
the CBN policy. Is it that he is immune from the policy? Worrisome is
the fact that, no single media in Nigeria has even raised the issue! Is
it a case of oversight or deliberate attempt to look elsewhere? Well,
maybe it is a case of all animals are equal but some are more equal than
the others after all, he appears to be GEJ’s boy!
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