CBN sacks 200 staff members
Not less than 200 Central Bank of Nigeria employees were let go on Friday.Addition to the extensive list of current disengagements at the top bank.
This brings to 117 employees that the bank laid off between March 15 and April 11, 2024.
Termination of appointments has an impact on main managers, senior managers, assistant directors, deputy directors, and lower-ranking employees.
Reliable sources, who work for the bank, told our correspondent on Friday that there are at least 200 people who have been let off.
They said that among the impacted are senior directors who managed to avoid the last round of layoffs.
“It is true and confirmed,” one of the sources told our journalist during a 20-second call.
The employee who was unable to provide further information out of concern for victimisation noted that because the administration has not provided any standards for the decisions, staff members of all ranks are nervous about the move.
According to a different source, who verified the details, further layoffs are anticipated in the next months, dispersed over several stages.
“It is real and there are even more than 200 officials, but the precise number is yet unknown,” the official stated. We are unable to confirm the number just now because the sack is arriving in stages. But it is not less than 200.
“Among the fired are directors and other cadres, but the directors are the most well-known among them. A portion of the group of former directors that were spared during the previous round of sacks are now impacted.”
According to the sack letter obtained by our correspondent and issued by the Human Resources Department on May 24, 2024, the policy was to reorganise the organisation for effective operations.
“The new strategic direction of the bank has been widely publicised,” the unsigned letter said. 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 May 2024.
“Your final entitlements will be calculated and paid to you in due course. Thank you”
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 bank’s 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.
A memo issued to staff read, “This is to notify all staff members at the CBN Head Office that we have initiated a decongestion action plan designed to optimise the operational environment of the Bank.
“This initiative aims to ensure compliance with building safety standards and enhance the efficient utilisation of our office space”.
Efforts to get the reaction of the bank’s Director of Corporate Communication, Hakama Sidi Ali, was not successful as she did not pick up her call or respond to the text messages to her line.