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BUSINESS3 bank directors resign from NESG in protest to CBN immunity letter
No fewer than 3 directors of the NESG resigned following a spat between the group and the CBN.
Published 17 hours ago on September 9, 2020 By Chidi Emenike 3 bank directors resign from NESG in protest to CBN immunity letter
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Nairametrics can authoritatively confirm that some members of the board of directors of the Nigerian Economic Summit Group (NESG) have voluntarily resigned from their position.
Their resignation appears to be related to the recent spat between the NESG and the CBN following a controversial press release that purportedly claimed Godwin Emefiele was seeking immunity. The report also attacked the recent macroeconomic policies approach of the CBN in ensuring economic stability.
READ: CBN reviews minimum interest rates on savings deposit to 1.25%
Back Story: Nairametrics earlier reported the CBN’s reaction to wide-ranging claims made against it by the NESG which suggested that section 51 of a proposed Banking and Other Financial Institution (BOFIA) Bill sought immunity for the CBN Governor, Godwin Emefiele.
The official press statement released by the CBN aimed at allaying some of the fears raised by the group which majorly bothered on its policy trust and issues such as its agricultural borrowing programme, immunity clause among others. The CBN, while admitting to taking extraordinary measures in order to stabilize the economy, fact-checked the issues raised by NESG.
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