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After Sacking 117 Staff in April, CBN Sacks Another 200 Staff

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Photo by DATSWASUP on May 25, 2024. May be an image of 1 person and text that says 'After Sacking 117 Staff in April, CBN Sacks Another 200 Staff'.


 
No fewer than 200 officials of the Central Bank of Nigeria were on Friday relieved of their duties.This is an addition 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 15 and April 11, 2024.The termination of appointments affects directors, deputy directors, assistant directors, principal managers, senior managers and lower-ranking staff.
 
 
Sources who are staff of the bank confirmed the sack to a punch correspondent on Friday, 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 20-second call with 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.The sack letter issued by the Human Resources Department on May 24, 2024, said the policy was to reorganise the organisation for effective operations.
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