Amid hardship, CBN sacks 200 employees

The Central Bank of Nigeria has sacked 200 staff members amid economic hardship.

According to CBN, the layoffs are due to a “significant organizational and human capital restructuring process” aligned with the bank’s recently publicised strategic direction and its new mission and vision.

Some of the sack letters read;

“In line with our new mission and vision, the Bank is currently undergoing a significant organizational 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.”

Director of Corporate Communication, Hakama Sidi Ali, is yet to speak on the fresh sack as of Saturday morning.

Meanwhile, the fresh sacking spree adds to the 117 staff dismissed by the apex bank between March 15 and April 11, 2024.

The termination of appointments affected directors, deputy directors, assistant directors, principal managers, senior managers and lower-ranking staff.