Senator Ned Nwoko (PDP, Delta North) has strongly denounced the central bank of Nigeria (CBN) over its recent decision to sack of 317 of its staff. The senator, therefore, urged the senate to investigate the circumstance behind the development. Senator Nwoko described the action as “too hasty”, hence the need to probe it.
“The Senate should mandate its committees on Employment, Labour and Productivity, as well as that of Public Service Matters, to investigate the terminations.
“The committees should focus on the rationale behind the action, compliance with labour laws, and the broader socio-economic impact of the exercise,” he said.
Nwoko noted that “between March 15 and April 11, 2024, the CBN sacked 117 staff members.
“On May 24, the CBN sacked an additional 200 staff members, bringing the total number to 317.
“From my findings, those mostly affected were directors, deputy directors, assistant directors, principal managers, senior managers and some lower workers.
“The letters issued to the affected staff, including one dated May 24, from the Human Resources Department, cited the need to reorganise the organisation for effective operations, as the reason for the sack.
“The letter had no further details. It did not offer specific reasons for the dismissal of each staff member.”
Nwoko expressed fears that the principles of fairness and justice might have been compromised in the exercise.
He opined that the “sudden termination will hurt the economic stability of the workers’ families.
