By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: CBN Governor: 1,000 Ex-Staff Voluntarily Exited with Full Benefits
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
Business

CBN Governor: 1,000 Ex-Staff Voluntarily Exited with Full Benefits

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: January 5, 2025
Share
2 Min Read
CBN Governor, Olayemi Cardoso
CBN Governor, Olayemi Cardoso
SHARE

The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has clarified that the 1,000 former employees who left the apex bank in December last year did so voluntarily and were paid their full benefits.

Cardoso made this known during an investigative hearing organized by the House of Representatives on Friday.

The hearing was convened to probe the disengagement of the former staff and the ₦50 billion paid as terminal benefits.

Representing the CBN governor at the session, Mr. Bala Bello, Deputy Director of Corporate Services, emphasized that the affected staff were neither forced nor disengaged arbitrarily.

- Advertisement -

He explained that the bank’s early exit program was entirely voluntary and part of a broader effort to reorganize the institution for improved service delivery.

“These are ways and means through which the performance of an organization is optimized by ensuring that round pegs are put in round holes,” Bello said.

“The manpower requirement of the bank is met, balancing human resource, capital, skill, and IT requirements.”

Bello assured the committee that the program was designed to be fully voluntary and in line with global best practices.

- Advertisement -

“You are very much aware, chairman, that the entire world is going through a process of digitizing its operations. And then once that is done, a lot of opportunities are created, just like a lot of redundancies are also equally created,” he said.

He added, “I’m very happy to mention, Mr. Chairman and members of the committee, that the early exit program of the Central Bank is 100 percent voluntary. It’s not mandatory. Nobody has been asked to leave, and nobody has been forced to leave. It’s a completely voluntary programme that has been put in place.”

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:CBNOlayemi Cardoso
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article Governor of Borno State Babagana Zulum Borno Governor Introduces N600/Litre Petrol Subsidy for Insurgency-Hit Farmers
Next Article U.S. Treasury Imposes Sanctions on Beijing Cybersecurity Firm for Alleged Role in State-Sponsored Cyberattacks

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 3 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

BREAKING: Former Chief Justice of Nigeria, Mohammed Uwais, Passes Away at 89
News Top stories
Russia Launches Deadly Drone and Missile Strikes Across Ukraine Following Ukrainian Attacks on Russian Bomber Fleet
International
MTN Nigeria Doubles ICT Industry Average with 41.4% Female Workforce Representation
Top stories
Lagos Commuters Endure Severe Gridlock as Pre-Sallah Activities Paralyze Major Routes
News
Nigeria GDP Growth, Nigeria renewable energy
Sallah 2025: Tinubu’s Economic Optimism and Nationwide Security Measures Highlight Nigeria’s Eid Celebrations
News Top stories
- Advertisement -
Ad imageAd image

You May Also Like

News

Tinubu Warns Lagos, States Against Unauthorised Island Approvals, Vows to Revoke Encroachments

Muhammad A. Aliyu
Muhammad A. Aliyu
June 6, 2025
News

Shettima Inaugurates African Medical Centre of Excellence in Abuja, Hails New Era in African Healthcare

Muhammad A. Aliyu
Muhammad A. Aliyu
June 5, 2025
News

Tinubu Pledges Increased Infrastructure Funding, Calls for State-Federal Collaboration on Approvals

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 5, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?