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Reps to probe CBN retrenchment of 600 staff members

The House of Representatives has resolved to look into the circumstances that led to the recent sacking of about 600 staff members of the Central Bank of Nigeria.

The resolution of the House followed the adoption of a motion on urgent public importance moved by the member representing Karu/Keffi/Kokona Federal Constituency, Nasarawa State, Jonathan Gbefwi, on the floor during plenary on Wednesday.

Recall that the apex bank last week anchored its decision to lay off some of its staff members on the need to reposition the bank for effective operation.

Addressing the House, Gbefwi noted that the CBN as part of an extensive reform, has been downsizing the workforce “Which has affected close to 600 employees including directors and nearly all staff members in the Governor’s Directorate being terminated.”

According to him, the recent downsizing by the apex bank has raised significant concerns and controversies among stakeholders, including the affected employees, labour unions, and the general public.

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