Reasons for Mass Termination of CBN Staff
The Central Bank of Nigeria (CBN) cited the need to reorganize the organization for effective operations as the primary reason for the mass termination of over 200 staff. The termination letters issued to the affected employees mentioned this reorganization as part of a new strategic direction the bank is undertaking. However, specific justifications for each individual’s dismissal were not provided in the letters, leading to concerns about transparency and due process.
Senator Ned Nwoko criticized the lack of proper authorization in the termination letters, emphasizing that the principles of fairness and justice should be upheld when dismissing employees. He raised questions about social justice and equity, especially since there were no clear allegations of wrongdoing against the affected staff. Nwoko also expressed worries about the economic impact of such mass terminations on Nigerian families and highlighted the government’s responsibility to provide employment and essential services to the public.
In summary, while the CBN stated organizational restructuring as the reason behind the mass termination, concerns have been raised regarding transparency, due process, social justice, and economic implications associated with these actions.
