The Central Bank of Nigeria (CBN) has refuted allegations of forced retirement, emphasizing that its Early Exit Package (EEP) is voluntary. Acting Director of Corporate Communications, Mrs Hakama Sidi Ali, clarified that the EEP, previously restricted to the executive cadre, is now available to all eligible staff following consultations with the Joint Consultative Council (JCC).
The Central Bank of Nigeria, CBN has dismissed claims of forced mass retirements, clarifying that its Early Exit Package, EEP, is entirely voluntary and without any negative repercussions for eligible staff.
Mrs Ali 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.
CENTRAL BANK OF NIGERIA EARLY EXIT PACKAGE VOLUNTARY RETIREMENT JOINT CONSULTATIVE COUNCIL ELIGIBLE STAFF
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria's Central Bank Aims to Tackle Cash Shortages Across CountryThe Governor of Nigeria's Central Bank, Olayemi Cardoso, has promised a steady cash supply to address shortages, emphasizing the need for multifaceted measures and regular dialogue to ensure citizens do not suffer.
Read more »
Nigeria's Central Bank Plans Massive Retirement Scheme Before Year EndCentral Bank of Nigeria (CBN) set to retire at least 1,000 staff before December 2024, costing over N50 billion, as part of a reorganization plan to reduce workforce.
Read more »
Zenith Bank Plc Recognized as 'Bank of the Year, Nigeria' in 2024 AwardsZenith Bank Plc has earned the prestigious 'Bank of the Year, Nigeria' award from The Banker's Bank of the Year Awards 2024, highlighting the bank's robust management, strategic business model, and dedication to sustainability and ESG practices.
Read more »
Nigerian Central Bank Asks Customers to Report Cash Withdrawal DifficultiesThe Central Bank of Nigeria (CBN) has urged customers to report any difficulties they experience when withdrawing cash from bank branches or ATMs starting December 1, 2024. CBN Governor Olayemi Cardoso made this announcement at the 2024 annual bankers dinner in Lagos.
Read more »
EFCC Seizes 753-Duplex Estate from Former Central Bank Governor EmefieleThe EFCC has seized a 753-unit duplex estate from former Central Bank Governor Godwin Emefiele, claiming it's the largest asset seizure since the commission's inception in 2003.
Read more »
Access Bank UK acquires majority stake in Mauritius’ Afrasia BankAccess Holdings has announced that Access Bank UK has signed an agreement to acquire a majority stake in Afrasia Bank Limited, the fourth-largest bank in Mauritius by assets.
Read more »