Senator Nwoko Condemns Mass Sack At CBN

Senator Ned Nwoko, representing Delta North Senatorial District, has criticized the recent mass termination of over 317 employees at the Central Bank of Nigeria (CBN).

In an interview with the News Agency of Nigeria on Sunday in Abuja, Nwoko described the dismissals as a violation of the social contract between the government and its citizens.

He emphasized the importance of job security and following due process, urging the CBN to reinstate the affected employees immediately. Nwoko suggested this reinstatement should be temporary, pending a thorough and transparent review of the circumstances surrounding their termination.

 This review should involve consultations with relevant stakeholders, including labor unions and employee representatives.

Additionally, the senator called on the Senate to instruct its committees on Employment, Labour and Productivity, as well as Public Service Matters, to investigate the mass terminations.

He urged, ‘’The committees should focus on the rationale behind these decisions, their compliance with labor laws, and their broader socio-economic impact, and propose measures to prevent such occurrences in the future.”

According to him, between March 15 and April 11, 2024, the CBN had terminated the employment of approximately 117 staff members, causing significant concern and distress among the affected employees and the general public.

“Also on May 24, the CBN sacked an additional 200 staff members, bringing the total number of terminated employees to more than 317 within a short span.

“These terminations affected directors, deputy directors, assistant directors, principal managers, senior managers, and lower-ranking staff.

“The termination letters issued to the affected staff, including one dated May 24, from the Human Resources Department, cited the need to reorganise the organisation for effective operations as the reason for the sack.

“However, the letters lacked proper authorisation, being unsigned, and failed to provide a detailed and transparent justification for the mass terminations,” Nwoko said.

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