No fewer than 200 officials of the Central Bank of Nigeria (CBN) were on Friday relieved of their duties, adding to the long list of ongoing disengagements in the apex bank.
This adds to the list of 117 staff sacked by the bank between March 15th 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 spoke to Africa Today News, New York confirmed the sack to that the sacked persons were more than 200 but not less than 200.
They revealed that the new move included older directors who were not affected by the last round of retrenchment.
One of the sources in a 20-second call with our correspondent simply stated, “It is true and confirmed.”
The staff who could not disclose further details for fear of being tapped added that the move had caused palpable apprehension amongst staff of every cadre as the management had not specified any standard criteria for the decisions.
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Another undeniable authority 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 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 sack letter obtained by our correspondent and issued by the Human Resources Department on May 24, 2024, indicated that the policy was 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”
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.