Speaker demands explanation from CBN over 1,000 staff layoffs and payments.

Speaker of the House of Representatives Tajudeen Abbas has urged the Central Bank of Nigeria to provide an explanation for the sacking of about 1,000 staff members. The CBN had recently laid off the employees as part of its restructuring efforts.

Speaker of the House of Representatives Tajudeen Abbas has demanded an explanation from the Central Bank of Nigeria (CBN) over the mass layoff of approximately 1,000 staff members. The CBN had recently made significant personnel cuts, prompting concerns among lawmakers and citizens alike. Abbas's call for clarification underscores growing scrutiny of the bank's decision-making process, which is seen as a critical institution in Nigeria's economic stability. The CBN has yet to comment publicly on the issue.