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NIM boss cautions FG over sacked bank CEOs

By Charles Kumolu
PRESIDENT and Chairman in Council of Nigerian Institute of Management (NIM), Sir Peter Edeoghon, has called on the Federal Government to be cautious with the ongoing trail of sacked bank chiefs, saying a competent court of law should be allowed to prove that they are guilty.

The NIM boss, who said this against the backdrop of the recent arraignment of sacked bank Managing Directors, argued that the Central Bank (CBN) should have made them to go compulsory retirement instead of sacking them.

Speaking in an exclusive chat with Vanguard, he said the issue had been hijacked by the press, adding that it will not do any good to the ongoing reforms in the banking sector.

According to him, “I will suggest that instead of sacking the management, they would have made them to go on voluntary resignation. Changing directors or a whole management like that cannot be said to be the best. For the sake of continuity and other relevant issues, it should not have been done like that. There is a lot to be done to restore people’s confidence. You know a lot of meanings are being read into it. Some are even seeing it as northern agenda which is not.”


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