On Friday 24th February 2023, the Central Bank of Nigeria (CBN) in a breezy and elliptic one-page circular provided regulatory guardrails for bank director tenures, initially suspected to equally apply to Financial Holding companies (Holdcos). The circular bootstrapped the tenures of bank Managing Directors (MDs), Deputy Managing Directors, (DMDs), Executive Directors (EDs), and Non-Executive Directors (NEDs). Like an itch that needed urgent scratching the money market regulator put a chokehold on the cumulative number of years senior bank officers could occupy executive board positions. However, like all itches scratching the irritation could cause bleeding.