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CBN Fires 200 Employees

POSTED ON May 25, 2024 •   Breaking News      BY Benedicta Bassey
/ Photo credit: Techeconomy

No fewer than 200 officials of the Central Bank of Nigeria have been relieved of their duties.

The termination of appointments affects directors, deputy directors, assistant directors, principal managers, senior managers and lower-ranking staff.

Sources who are staff of the bank revealed that development according to Punch report.

They revealed that the new move included older directors who were not affected by the last round of retrenchment.

Another undeniable authority who pleaded anonymity confirmed the information, indicating that additional dismissals are expected in the months ahead, spread out across phases.

The official said, “It is real and is even more than 200 officials but the actual number is unconfirmed yet. The sacking is coming in staggered phases and that is why we can’t confirm the number yet.

“But it is not less than 200. The sacked persons include directors and other cadres but the ones that are easily known are the directors. Some of the old directors that were not affected during the last round of sacks are now affected.”

According to the sack letter issued by the Human Resource Department, the retrenchment policy was instituted to reorganize the organisation for effective delivery.

The letter read, “The new strategic direction of the bank has been widely publicised. In line with our new mission and vision, the bank is currently undergoing a significant organisational and human capital restructuring process.

“As a result of this review, I have been directed to notify you that your services will not be required with effect from Friday, 24th May 2024. Your final entitlements will be calculated and paid to you in due course. Thank you”

Efforts to get the reaction of the Director of Corporate Communication, Hakama Sidi Ali, was not successful as she did not respond to several calls sent across to her or reply the text messages to her line.

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