The House of Representatives has set up an Adhoc Committee to investigate the planned retirement of over 1000 staff by the Central Bank of Nigeria (CBN) and payment of N50 billion as payoff to the retiring staff.
This followed the adoption of a motion on matters of urgent public importance moved by Rep. Kama Nkemkama at the plenary on Tuesday.
Presenting the motion, the lawmaker cited a report published in Daily Trust dated 2nd December 2024, that the CBN plans to retire over 1,000 staff across various levels as part of its restructuring process under the acting governor’s leadership.
He complained about “The CBN’s announcement of a N50 billion payoff scheme to compensate the affected staff, as part of its human resource reorganisation strategy, with claims that the process will ensure fairness and equity.
“The sudden mass retirement of over 1,000 staff, including directors and senior management, raises critical questions about the criteria for selection, transparency, and adherence to due process in line with public service guidelines and labour laws.”
