The recent resignation of 1,000 staff members from the Central Bank of Nigeria (CBN) has sparked widespread curiosity and speculation.
Speaking at an investigative hearing conducted by the House of Representatives’ ad-hoc committee, the CBN Governor, Olayemi Cardoso, clarified on Friday that the affected employees chose to leave voluntarily and were not compelled to resign.
Addressing concerns surrounding compensation, Governor Cardoso revealed that a total of ₦50 billion was disbursed as severance packages to the departing staff.
He emphasized that this payout was in line with the bank’s commitment to ensuring a smooth and fair transition for those who decided to end their tenure.
The reasons behind the sudden wave of resignations, however, remain a topic of public debate, with many questioning the underlying circumstances that may have influenced such a large-scale departure.
The Big Question: Will CBN conduct fresh recruitment To Replace the 1,000 staffs?
Yes, the Central Bank of Nigeria (CBN) will conduct fresh recruitment to replace the 1,000 staff members who recently resigned.
During the recent hearing before the House of Representatives’ ad-hoc committee, Governor Olayemi Cardoso affirmed that the bank is committed to maintaining its operational efficiency and capacity. He noted that steps are already being taken to address the workforce gap created by the mass resignations.
The recruitment process is expected to align with the CBN’s high standards, ensuring that qualified and capable individuals are brought on board to continue delivering on the institution’s mandate of driving monetary stability, fostering economic growth, and upholding trust in the nation’s financial system.
If you would like to work with the central Bank Of Nigeria (CBN), it is important you visit the CBN recruitment portal to know more about the available positions, the requirements, and available positions.
Also in the News: Northern Group Urges CBN to Reconsider the Exit of 1,000 Staff
- The Arewa Youth Assembly urged the CBN to reconsider the exit of 1,000 staff.
- They warned the layoffs could worsen poverty and hurt the fragile economy.
- The group questioned if the resignations were truly voluntary, hinting at possible pressure.
- They criticized the decision as poorly timed during severe economic hardship.
- AYA demanded transparency and fairness by publishing the affected staff details.
CBN Staff Advocated for Voluntary Exit
The Central Bank of Nigeria (CBN) has explained that its recent voluntary exit program, which saw 1,000 employees resign, was initiated at the request of staff who wanted the opportunity to leave. Bala Bello, a deputy director representing the bank’s governor, clarified during a House committee hearing that the initiative was entirely voluntary, with no coercion or pressure involved. He emphasized that this was the first time in the bank’s history that such an early exit program was extended to all interested staff.