CBN Sack of Bank CEO's: Matters Arising

CBN SACK OF BANK CEOs: MATTERS ARISING Written By: Shafii Ndanusa, MBA, ACCA, FAAFM, MFP Based in Abuja. Nigeria. The chicken has come home to roost. This is the common phrase heard from commentators following the recent bombshell from the Central Bank of Nigeria that led to the sacking of chief executive officers of five commercial banks. The banks were adjudged to be financially unhealthy. For a while, the Nigerian banking and finance industry has been awash with rumors of ill-health, unfair de-marketing practices and the need to comprehensively sanitize the system. While some informed commentators have argued that it is a welcome development that has long been overdue, it is my modest opinion that perhaps

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