Nigeria Distress at CBN: Employees Express Fear and Anxiety Over Job Security as CBN Sacks 50 More Staff

The Central Bank of Nigeria (CBN) continues its wave of dismissals as 50 more staff members are terminated from their positions under the leadership of CBN governor Mr. Olayemi Cardoso. The recent round of layoffs spans across 29 departments, bringing the total number of casualties to 117 in the past 20 days.

The termination affects individuals ranging from directors to lower-ranking staff, leaving many employees in a state of apprehension and uncertainty. Attempts to seek clarity from CBN officials, including acting Director of Corporate Communication Hakama Sidi Ali, have been unsuccessful, further exacerbating concerns among staff. The lack of transparency regarding the criteria for dismissals has led to speculation and allegations of personal vendettas by senior management.

Additionally, the application of the CBN's Human Resources Policies and Procedures Manual is questioned, with affected employees highlighting discrepancies in its implementation. Amidst the turmoil, affected staff members express fear and helplessness, while vendors face payment delays and scrutiny.

As the shake-up within the CBN continues, Nigerians anxiously await further developments and seek reassurance amidst economic uncertainty.