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, said 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 bundle for the affected individuals was arrived at.
Cardoso added that the affected individuals opted to disengage by means of 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 principally methods and means by means of which the efficiency of a company is optimized by guaranteeing that spherical pegs are put in proper holes. The manpower requirement of the financial institution is definitely met.
“I’m very pleased to say that the early exit program of the CBN is 100 per cent voluntary. It’s not obligatory. No person has been requested to depart, and no person has been compelled to depart. It’s a totally voluntary programme that has been put in place.”
He additionally famous that the train was not restricted to authorities businesses alone, saying, “I imagine a number of organisations the world over, and even inside this nation, each by way of the non-public sector and the general public sector, are endeavor related workout routines.”
Persevering with, Cardoso mentioned, “Up to now, we had situations through which circumstances of stagnation and lack of profession development seem. In an organisation, you’ve bought a pyramid the place from every degree to the following degree, the hole retains narrowing. If not, you’ll have a quasi-organisation, an inverted pyramid.
“It will get to the extent the place you will have, for instance, 30 departments within the Central Financial institution. You can’t have 60 administrators manning 30 departments. It’s not going to work.
“As soon as these vacancies are crammed, it will get to a degree the place some folks, regardless that they’re very certified, ready, and keen, however the vacancies are usually not there. After which they bought to a degree the place they’re stagnated for a time period.”
Talking earlier, the chairman of the committee, Bello Kumo, famous that the committee’s accountability was to submit the report back to the Home.