CBN sacks 200 officials

The Central Bank of Nigeria (CBN) has reportedly sacked 200 staff of the apex bank.

It was gathered that the CBN officials were relieved of their duties via a letter issued by the Human Resources Department on Friday, May 24, 2024.

The apex bank hinged the decision on the move to reorganise the organisation for effective operations.

The letter lacking a signature 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.”

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It was further learnt that the termination of appointments affected directors, deputy directors, assistant directors, principal managers, senior managers, and lower-ranking staff.

Sources who are staff of the CBN confirmed the sacking on Friday, adding that the sacked persons were more than 200 but not less than 200.

“It is true and confirmed,” one of the sources told Punch.

The staff, who could not disclose further details for fear of being tapped, added that the move had caused palpable apprehension among officials of every cadre as the management had not specified any standard criteria for the decisions.

Another source 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.”

The Star