***Says Participation is Entirely Voluntary
The Central Bank of Nigeria (CBN) has reacted to media reports that it planned to disengage about 1,000 staff.
Prompt News reports that the Apex Bank is also said to have earmarked over N50 billion to settle those that would be affected.
But reacting through the Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, the CBN on Wednesday, dismissed claims of forced mass retirements.
It clarifies that its Early Exit Package (EEP) is entirely voluntary and without any negative repercussions for eligible staff.
Sidi Ali, stated that the decision to implement the exercise was the outcome of extensive consultations with the Bank’s Joint Consultative Council (JCC), a body representing staff interests.
She explained that the EEP, a longstanding policy previously accorded to the executive cadre, has now been made available to eligible staff at all levels.
“For some time, staff representatives through the JCC had called on management to approve the early exit package for all cadres. Following these discussions, management decided to meet this popular demand,” she said.
Addressing concerns about potential repercussions for staff who decline the package, Mrs. Sidi Ali reaffirmed management’s commitment to supporting employees’ professional growth and well-being, describing the concerns as unfounded.
She further emphasized that the initiative is an internal corporate matter designed to promote career development for staff.
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