The Central Bank of Nigeria relieved no fewer than 200 officials of their duties.
This disengagement is another in the long list of ongoing actions taken by the apex bank.
This brings the total number of employees fired by the bank between March 15 and April 11, 2024, to 117.
Directors, deputy directors, assistant directors, principal managers, senior managers, and lower-level employees are all impacted by the termination of appointments.
Reputable bank employees confirmed the layoffs to the Punch on Friday, stating that at least 200 people had been let go.
They disclosed that among those impacted are senior directors who were spared from the previous round of layoffs.
In a 20-second phone conversation with the Punch, one of the sources merely said, “It is true and confirmed.”
The employee who was unable to provide more information out of concern that they would be victimized continued by saying that because the management had not laid out any standards for the decisions, staff members from every cadre were uneasy about the move.
According to a second source who verified the information, more layoffs are anticipated in the upcoming months, spaced out over several phases.
The official said, “It is real and is even more than 200 officials but the actual number is unconfirmed yet. The sack is coming in staggered phases and that is why we can’t confirm the number yet. But it is not less than 200.
“The sacked persons include directors, and other cadres but the ones that are easily known are the directors. Some of the batch of old directors that were not affected during the last round of sacks are now affected.”
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The Human Resources Department stated in the sack letter dated May 24, 2024, that the organization’s policy was to reorganize for efficient operations.
The letter, lacking a signature read, “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.
“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”
The Nigerian apex bank redeployed at least 1,500 employees from its Central Area headquarters to its Lagos office in February.
The CBN claimed at the time that a number of reasons, including the need to realign the bank’s organizational structure with its goals and functions and reallocate skills to guarantee a more equitable distribution of talent across geographies, made the action necessary.
It further stated that it complied with building codes, as demonstrated by the facility manager’s repeated warnings, the Committee on Decongestion of the CBN Head Office’s findings, and its recommendations.
A memo issued to staff read, “This is to notify all staff members at the CBN Head Office that we have initiated a decongestion action plan designed to optimise the operational environment of the Bank.
“This initiative aims to ensure compliance with building safety standards and enhance the efficient utilisation of our office space”.
