CBN Insists Resignation Of 1,000 Staff Was Voluntary

By Oluwakemi Kindness

The Central Bank of Nigeria (CBN), has refuted reports of it Termination and Dismissal of 1,000 members of it Staff.

Rather it said staff took opportunity of the Bank’s Early Exit Programme with payment of full benefits.
This is according to the Governor of the apex bank, Olayemi Cardoso, who noted that the 1,000 members of staff who were disengaged were not forced to quit.

He stated this the resumed investigative hearing by the House of Representatives to probe the disengagement of the 1000 workers and how the N50 billion terminal benefits was arrived at for them.

Cardoso was represented at the hearing of the House Ad-hoc Committee chaired by Representative Usman Bello Kumo by the Deputy Governor, Corporate Services, Bala Muhammed Bello.

He said the issue of the Early Exit Program and the Restructuring as well as Reorganization seeks to optimize the Bank for enhanced efficiency.

“In this particular case, based on popular request—and I came with the union leader of the bank—the staff requested that a similar opportunity should be extended to other categories of staff,” Mr Bello said.

He said they “are basically ways and means through which the performance of an organization is optimized by putting, ensuring that round pegs are put in right holes.

“The manloading, which is the key responsibilities, key performance indicators of the bank, vis-a-vis the number of people driving the performance of that bank, is at a level where it’s optimum, balancing the human resource requirement, the capital requirement, the skill requirement, as well as the IT requirement of the bank.

“Nobody has been dictated to leave. Nobody has been stamped into leaving at all. It’s strictly voluntary.

“If nobody had taken it, we would have just close it. But this came as a result of popular demand. Like I said, I came with a representative from the staff unit to actually say it here.”

Speaking earlier, Chairman of the Ad-hoc Committee, Representative Usman Kumo, who assured that the Ad-hoc Committee will be fair to all the parties involved in the investigation.

He said that the investigation is aimed at listening to agencies concern and report back to the House.

He implored the invited guests to avail the committee all the necessary information to help them to get to the root of the matter.

END