The Central Financial institution of Nigeria has once more clarified that the 1,000 workers members who opted out of service in December 2024 weren’t compelled to give up their jobs.
The CBN Governor, Olayemi Cardoso, acknowledged this on Friday in Abuja at an investigative listening to of the Home of Representatives’ ad-hoc committee probing the circumstances resulting in the exit of the workers members and the way the sum of N50bn severance package deal for the affected individuals was arrived at.
Cardoso added that the affected individuals opted to disengage by the voluntary Early Exit Program with cost of full advantages.
Represented by Deputy Director, Company Service of the CBN, Bala Bello, Cardoso defined. “The Early Exit Program, Restructuring and Re-organization “are mainly methods and means by which the efficiency of a corporation is optimized by making certain that spherical pegs are put in proper holes. The manpower requirement of the financial institution is definitely met.
“I’m very completely happy to say that the early exit program of the CBN is 100 per cent voluntary. It’s not necessary. No one has been requested to depart, and no person has been compelled to depart. It’s a very voluntary programme that has been put in place.”
He additionally famous that the train was not restricted to authorities companies alone, saying, “I imagine a number of organisations the world over, and even inside this nation, each when it comes to the non-public sector and the general public sector, are endeavor related workouts.”
Persevering with, Cardoso mentioned, “Up to now, we had situations by which circumstances of stagnation and lack of profession development seem. In an organisation, you’ve bought a pyramid the place from every stage to the following stage, the hole retains narrowing. If not, you’ll have a quasi-organisation, an inverted pyramid.
“It will get to the extent the place you could have, for instance, 30 departments within the Central Financial institution. You can not have 60 administrators manning 30 departments. It’s not going to work.
“As soon as these vacancies are stuffed, it will get to a stage the place some folks, despite the fact that they’re very certified, ready, and prepared, however the vacancies will not be there. After which they bought to a stage the place they’re stagnated for a time period.”
Talking earlier, the chairman of the committee, Bello Kumo, famous that the committee’s duty was to submit the report back to the Home.
