Again, CBN Sacks 200 Senior Staff, Directors, Weeks After Laying Off 117 Workers

No fewer than 200 officials of the Central Bank of Nigeria (CBN) were on Friday relieved of their duties.

This development is coming just after 117 staff were sacked by the CBN between March 15 and April 11, 2024.

The sack letter which was obtained by newsmen and issued by the Human Resources Department on May 24, 2024, said the policy was to reorganise the organisation for effective operations.

Reliable sources who are also staff of the bank confirmed that not less than 200 where sacked.

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The source revealed that affected persons include older directors who were not affected by the last round of retrenchment.

Another source confirmed the information, indicating that additional dismissals are expected in the months ahead, spread out across staggered phases.

According to the source, “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.”

Meanwhile, affected staff who could not disclose further details for fear of victimisation added that the move has caused apprehension among staff of every cadre as the management has not specified any criteria for the decisions.

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