The Central Bank of Nigeria (CBN) has initiated the process of appointing substantive directors to replace those who were relieved of their appointments, including some who retired about 11 months ago.
![](https://thenigerialawyer.com/wp-content/uploads/2025/05/idrinstitute.png")
This development was revealed in an internal advertisement published by the apex bank.
According to the advertisement, the CBN is seeking to fill seven key positions:
1. Director, Corporate Communications Department (CCD)
2. Director, Financial Policy and Regulation Department (FPRD)
3. Director, Other Financial Institutions Supervision Department (OFISD)
4. Director, Procurement & Support Services Department (PSSD)
5. Director, Banking Services Department (BKSD)
6. Director, Medical Services Department (MSD)
7. Director, Information Technology Department (ITD)
Currently, the bank has 13 departments, each headed by a coordinator, as per the information available on the CBN’s website at the time of this report.
The ideal candidate for these positions must be a confirmed staff of the bank on the grade of deputy director, with at least three years of experience on the grade as at the date of the advertisement. Deputy directors who have two years or less to retire are not eligible for consideration. Applicants are required to apply for only one of the listed positions, as multiple applications may lead to disqualification.
The deadline for submitting applications is set for 4pm on Friday, September 27, 2024, via email. The bank has clarified that only shortlisted candidates will be contacted.
Earlier this year, in March, it was reported that over 27 members of staff, mostly directors at the CBN, were affected by the first batch of reorganization by the financial institution. The move, described as “Re-Organisation,” was in line with the bank’s new strategic direction, mission, and vision.
There are concerns that the conditions set by the management of the apex bank for application to the vacant posts may have precluded some of those currently acting as coordinators from applying for those positions. A senior management staff of the bank, who preferred to remain anonymous, stated, “As it is, those overseeing these departments will not qualify. Most of those who should qualify were affected alongside the sacked directors.”
The vacancy announcement further specified that a minimum of 20+ years of working experience is required, with at least 12 years expected to be post-call cognate experience at the senior management level.
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