BREAKING: Revolt In Nigerian Economic Summit Group As Prominent Board Members Resign

Admin 09-Sep-2020 Business

Some prominent Board members of the Nigerian Economic Summit Group, NESG have resigned from the Board in what appears to confirm the eroding credibility of the private sector-led think tank and policy advocacy group under the Laoye Jaiyeola and Asue Ighodalo-led management.

At least three directors – Kennedy Uzoka, the Group Managing Director of UBA Plc; Adesola Adeduntan, Managing Director of First Bank and Abubakar Suleiman, Managing Director of Sterling Bank Plc abruptly tendered their resignations on Wednesday,  Of note is the resignation of Suleiman, who runs Sterling Bank where Ighodalo serves as Chairman.

Sources close to the group told disclosed that there are serious disagreements amongst members of the Board and group over the current management’s sustained and unfounded criticisms of some of the policies of the President Muhammadu Buhari-led federal government and the Godwin Emefiele-led Central Bank of Nigeria.

We further gathered that the group’s last statement Tuesday with the caption ‘Matters of Urgent Attention’, which did not have the input of members of the Board, is what appears to have drawn the ire of members and causing the latest uproar amongst members.

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