No fewer than 200 staff of the Central Bank of Nigeria, (CBN), were yesterday relieved of their duties, which is an addition to the long list of on-going disengagements in the apex bank.
This adds to the list of 200 staff sacked by the bank between March 15 and April 11, 2024.
The termination of appointments affects Directors, Deputy Directors, Assistant Directors, Principal Managers, Senior Managers and lower-ranking staff.
Impeccable sources, who are staff of the apex bank, confirmed the sack yesterday, saying that those sacked are not less than 200. They revealed that affected persons include older Directors who were not affected by the last round of retrenchment.
One of the sources, in a telephone conversation, simply stated, It is true and confirmed. The staff member, who could not disclose further details for fear of victimisation, added that the move has caused apprehension among staff of every cadre as the management has not specified any criteria for the decisions.
Another source confirmed the information, indicating that additional dismissals are expected in the months ahead, spread out across staggered phases.
The official said, It is real and is even more than 200 officials but the actual number is unconfirmed yet. The sack is coming in staggered phases and that is why we cant 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 batch of old Directors that were not affected during the last round of sacks are now affected.
The sack letter, issued by the Human Resources Department on May 24, 2024, said the policy was to re-organise the organisation for effective operations.
The letter, lacking a signature, read in part: 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, May 24, 2024. Your final entitlements will be calculated and paid to you in due course. Thank you.
Recall that in February, at least 1,500 members of staff of the apex bank of Nigeria were redeployed from the headquarters located at Central Area to its Lagos office.
At the time, the CBN said the action was necessitated by several factors, including the need to align the banks structure with its functions and objectives and redistribute skills to ensure a more even geographical spread of talent.
It added that it was also in compliance with building regulations, as indicated by repeated warnings from the facility manager, and the findings and recommendations of the Committee on Decongestion of the CBN Head Office.
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