The Central Bank of Nigeria (CBN) has reportedly offered a N50 billion payoff to about 1,000 of its employees expected to have their employment terminated before the end of the year.
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| Central Bank of Nigeria (CBN) |
In April this year, The ICIR reported on the apprehension that ensued over the long list of disengagement at the apex bank.
The CBN’s board under the leadership of the bank’s governor Olayemi Cardoso had pruned down its workforce, cutting across 29 departments as the organisation claimed it was restructuring to shift away from the development finance role.
About 117 staff were involved in the disengagement at the time and in the last 10 months, CBN has continued to disengage its workforce, including 17 directors, who served under the immediate past governor, Godwin Emefiele. icirnigeria.org
