Nigeria – Why We Resigned from NESG – Bank Directors
It is no longer news that the NESG (Nigerian Economic Summit Group), few days ago criticized some policies adopted by the CBN in its bid to stabilize the economy.
What is however news is that following this criticism and CBN's response, doubling down on its position, three members of the have NESG board resigned.
The three board members that resigned are Kennedy Uzoka, Group Managing Director of UBA Plc, Adesola Adeduntan, Managing Director of First Bank and Abubakar Suleiman, Managing Director of Sterling Bank Plc.
The reason they gave for their resignation was that they were not carried along by the NESG board before the release of the statement attacking CBN's policy direction.
They said among other things "We were not consulted on the statement, and as directors of the NESG...