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CBN Reviews Tenure of Banks’ Executives, Other Financial Institutions’ Officers

by NaijNaira
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CBN Reviews Tenure Of MDs, DMDs, EDs, Non-Executive Directors of Banks, Other Financial Institutions

The Central Bank of Nigeria (CBN) recently announced regulations to review the tenure of Managing Directors (MDs), Deputy Managing Directors (DMDs), Executive Directors (EDs) and Non-Executive Directors of banks and other financial institutions in order to improve the governance practices in the banking industry.

As outlined in a CBN circular acquired by NaijNaira, the guidelines specified tenures for MDs, DMDs, EDs and Non-Executive Directors.

The move is expected to strengthen the banking industry’s governance structure.

This article was updated 1 month ago

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