CBN Clarifies: Disengaged Staff Not Forced to Leave Amid Recent Staff Layoffs

The Central Bank of Nigeria (CBN) has clarified that 1,000 staff members who were disengaged in December 2024 did so voluntarily, contrary to earlier reports suggesting they were forced to leave. The clarification was made by CBN Governor Olayemi Cardoso.

In a statement, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has confirmed that 1,000 staff members who were recently disengaged from the apex bank were not forced to leave their positions. The clarification comes after reports emerged suggesting that some staff may have been coerced into quitting. According to the CBN, the decision to disengage the staff was made as part of a restructuring process aimed at improving operational efficiency and meeting future challenges.