Three Chief Executive Officers (CEOs) of prominent banks have resigned their membership of the Nigerian Economic Summit Group (NESG) board.
They announced their resignation on Wednesday in protest against the group’s position against some of the measures taken by the Central Bank of Nigeria (CBN) to stabilise the financial system and fast-track economic recovery.
The apex bank had also initiated a chain of policies to mitigate the negative impacts of the Coronavirus pandemic on Nigerians.
Those who resigned from the NESG board are United Bank of Africa (UBA) Plc Group Managing Director Kennedy Uzoka; First Bank of Nigeria (FBN) Plc Managing Director Adesola Adeduntan and Sterling Bank Plc Managing Director Abubakar Suleiman.
On Tuesday, the NESG criticised CBN’s intervention policies as not being in the interest of the economy.
The resignation of the NESG Board members is believed among financial experts to be the confirmation of the eroding credibility of the private sector-led think tank and policy advocacy group under the current leadership.
It was learnt that the NESG management’s criticisms of President Muhammadu Buhari-led Federal Government policies and the Godwin Emefiele-led CBN have created disagreements among its members.
It was gathered that the group’s Tuesday statement entitled: “Matters of Urgent Attention”, which did not have the input of members of the Board, draw the ire of members and triggered the latest uproar.
