By Tony Obiechina Abuja
The Central Bank of Nigeria (CBN), has appointed Mr Saad Hamidu of the Development Bank of Nigeria to act as the Managing Director of the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL).
His appointment was contained in a letter signed by the CBN Governor, Mr Godwin Emefiele and addressed to him.
The letter, dated December 6, 2022 stated that Hamid has been posted on secondment to NIRSAL for a period of three months.
The letter reads, “I am pleased to inform you of your secondment and appointment to the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending as the Acting Managing Director.
“Please note that this secondment is on a temporary basis for an initial period of three months or upon your recall to the CBN, whichever is earlier.
“I hope you will serve meritoriously to justify the confidence reposed in you with this appointment.”
His appointment is coming four days after media reports broke that President Muhammadu Buhari has sacked Mr Aliyu Abdulhameed for corrupt practices.
Abdulhameed’s alleged corrupt practices was said to have compelled the CBN to suspend funding for NIRSAL last year.
The CBN has been guaranteeing all borrowings disbursed by NIRSAL, a parastatal of the Apex Bank.
