Would you like to receive notifications on latest updates of the following headlines?

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.

READ ALSO
Sowore Condemns Tenure Extensions of Senior Security Officials for Violating 35-Year Service Limit
BY Abiodun Saheed Omodara July 6, 2025 0

Human rights advocate and ex-presidential aspirant, Omoyele Sowore, has criticized the ongoing tenur...

READ ALSO
South-West Demands Five New States and Constitutional Recognition for Traditional Rulers in Ongoing Constitutional Review
BY Abiodun Saheed Omodara July 4, 2025 0

The demand for the establishment of five new states, the recognition of traditional rulers in the co...

READ ALSO
Federal High Court Orders Reinstatement of  Natasha Akpoti-Uduaghan, Calls Suspension "Excessive"
BY Abiodun Saheed Omodara July 4, 2025 0

A Federal High Court in Abuja ruled on Friday that the Nigerian Senate exceeded its authority by sus...

READ ALSO
Calls for Autopsy: Ondo Govt. Faces Pressure to Exhume Late Governor Akeredolu's Body
BY Abiodun Saheed Omodara June 30, 2025 0

The Ondo State Government may need to exhume the body of the late governor, Oluwarotimi Akeredolu, f...

READ ALSO
Tinubu to Discuss Sustainable Governance at BRICS Summit in Rio
BY Abiodun Saheed Omodara June 29, 2025 0

President Bola Tinubu arrived in Vieux Fort, Saint Lucia, on Saturday for the first leg of his two-p...

READ ALSO
Reps Launches Committee to Review CNG Policy Implementation
BY Abiodun Saheed Omodara June 27, 2025 0

The House of Representatives has formed an ad-hoc committee tasked with examining the Federal Govern...

READ ALSO
Nigeria Takes Bold Step towards Energy Independence with Naira-Based Crude Sales Initiative
BY Abiodun Saheed Omodara June 25, 2025 0

The Nigeria Export Processing Zones Authority, alongside the Federal Government’s One-Stop-Sho...

READ ALSO
IPMAN Links Rising Petrol Prices to Crude Oil Costs and Market Dynamics
BY Abiodun Saheed Omodara June 24, 2025 0

ABUJA, Nigeria (NAN) - The Public Relations Officer of the Independent Petroleum Marketers Associati...

OUR CHANNELS:

FG Unveils Legal Framework to Protect Endangered Species
BY Abiodun Saheed Omodara July 20, 2025 0

The federal government has announced plans to implement a legal framework aimed at safeguarding enda...


Kogi Lecturer Dies during Sex with Student
BY Abiodun Saheed Omodara July 19, 2025 0

The lifeless body of Olabode Ibikunle, a senior lecturer at Kogi State University, was discovered in...


Burkina Faso's Junta Dissolves Electoral Commission to Cut Costs, Boost Sovereignty
BY Abiodun Saheed Omodara July 21, 2025 0

The military government of Burkina Faso has abolished the Independent National Electoral Commission,...


FG Urges Court to Dismiss Kanu's No-Case Submission Amidst Terrorism Charges
BY Abiodun Saheed Omodara July 19, 2025 0

The Federal Government on Friday, requested that the Federal High Court in Abuja dismiss the no-case...


Army Launches 2025 Bi-Annual Training on Mental Health for Combat Troops
BY Abiodun Saheed Omodara July 20, 2025 0

The Nigerian Armed Forces has initiated the 2025 First Bi-Annual Sensitisation Training focused on S...


Nigeria Police Force Successfully Rescues 31 Abducted Individuals
BY Abiodun Saheed Omodara July 21, 2025 0

The Nigeria Police Force has reported the successful rescue of 31 abducted individuals in two distin...


Health Workers Threaten Nationwide Strike Over Controversial Allowance
BY Abiodun Saheed Omodara July 19, 2025 0

Medical practitioners in Ekiti and Ondo states have voiced strong opposition to a recent circular is...


Nigeria's Electricity Tariff Subsidy Soars to N1.94 Trillion in 2024, Marking a 219.67% Increase
BY Abiodun Saheed Omodara July 19, 2025 0

The electricity tariff subsidy from the Federal Government has increased significantly from N610 bil...


Tinubu Renamed University of Maiduguri in Honor of Late President Muhammadu Buhari
BY Abiodun Saheed Omodara July 20, 2025 0

President Bola Tinubu has approved the renaming of the University of Maiduguri in Borno State to Muh...


Obama’s Debunk Report on Divorce
BY Abiodun Saheed Omodara July 20, 2025 0

Former U.S. President Barack Obama and his wife, Michelle, have put to rest rumors regarding their m...


More Articles

Load more...

Menu