The lawmakers said the planned retrenchment would have socio-economic implications for the affected individuals, their dependants, and the broader economy.

The House of Representatives, on Tuesday, directed the Central Bank of Nigeria, CBN to suspend the retirement of 1,000 staff and the associated payoff

The House of Representatives has called on the Central Bank of Nigeria (CBN) to suspend its planned retirement of 1,000 staff, including directors and senior management, pending an investigation into the process and legality of the exercise. During Tuesday’s plenary, the lawmakers resolved to establish an ad hoc committee to scrutinize the planned retirement, which […]

The House of Representatives is probing the CBN's plan to retire over 1,000 staff, including directors, with a proposed N50 billion severance package.