CBN sacks over 200 workers


CBN Governor Olayemi Cardoso.

The Central Bank of Nigeria (CBN) has reportedly sacked over 200 workers, in a move to reposition the bank in line with its strategic mission and vision.

Sources said the bank handed over sacked letters to the affected staff on Friday.

A source in the apex bank who craved anonymity said the news of the sack of workers got to them on Friday, but did not know the exact figure.

It was gathered that those affected cut across directors, deputy directors, assistant directors, principal managers, senior managers and lower-ranking staff.

The sacking of workers in the CBN is said to have spread fear among the staff across the nation.

The Punch quoted a CBN source as saying “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.

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“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.”

In one of the sacked letters obtained, the bank said the sack was in line the new strategic direction of the bank and in line with its mission and vision.

“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,” the sacked letter read.

The CBN had in March and April this year sacked about 117 workers.

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