The management of Wema Bank Plc. and Sterling Bank Plc. are both currently shopping for a replacement for their group managing directors (GMDs) whose tenures expired in June and December respectively, Bussiness247 Online News has exclusively revealed.
It would be recalled that the Central Bank of Nigeria (CBN) in 2010, issued a circular that the MDs/CEOs of Nigerian banks shall no longer spend more than 10 years in office as part of efforts to sanitise the banking sector. One year after this circular, a number of banks: Zenith, UBA and Skye lost their MDs/CEOs to this policy.
https://www.dailytrust.com.ng/news/business/wema-sterling-banks-shop-for-new-gmds/204705.html?
It would be recalled that the Central Bank of Nigeria (CBN) in 2010, issued a circular that the MDs/CEOs of Nigerian banks shall no longer spend more than 10 years in office as part of efforts to sanitise the banking sector. One year after this circular, a number of banks: Zenith, UBA and Skye lost their MDs/CEOs to this policy.
https://www.dailytrust.com.ng/news/business/wema-sterling-banks-shop-for-new-gmds/204705.html?
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