On Friday, at least 200 officials of the Central Bank of Nigeria were relieved of their duties, adding to the ongoing disengagements within the apex bank.
The termination of appointments impacts various levels of staff, including directors, deputy directors, assistant directors, principal managers, senior managers, and lower-ranking employees.
It was disclosed that among the affected individuals are older directors who were spared during the previous round of retrenchments.
In the termination letters issued by the Human Resources Department on May 24, 2024, the apex bank stated that the policy was aimed at restructuring the organization for more effective operations.
“The new strategic direction of the bank has been widely publicised. In line with our new mission and vision, the bank is currently undergoing a significant organisational and human capital restructuring process,” the letter read.
“As a result of this review, I have been directed to notify you that your services will not be required with effect from Friday, 24th May 2024.
“Your final entitlements will be calculated and paid to you in due course. Thank you”
Join our WhatsApp community via https://t.ly/16Hkn for instant and latest news updates.