Abuja, May 23, 2024 – Not less than 200 employees of the the Central Bank of Nigeria (CBN) from various departments were retrenched on Friday.
The CBN attributed the reason to alignment with its new strategic direction.
The affected staff were from various departments like Human Resources; Development Finance; Trade and Exchange (including a prominent director, Dr. Hassan Mahmud); Financial Policy and Regulation and Procurement and Support Services.
The letter of termination read in parts: “In line with our new mission and vision, the Bank is currently undergoing a significant organisational 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.” (GBN)
