Cardoso Assures 100% Voluntary Departure of 1,000 CBN Employees
Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has clarified that the departure of 1,000 staff members in December 2024 was entirely voluntary.
He emphasized that the Early Exit Program, which facilitated this process, was not mandatory and that no staff member was coerced into leaving.
The program aimed to optimize the bank’s performance by aligning personnel with appropriate roles.
The CBN’s decision to implement this voluntary exit program has been a subject of discussion.
The House of Representatives established an ad-hoc committee to investigate the circumstances surrounding the staff departures and the allocation of N50 billion in severance packages.