Skip to content
July 10, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

Watch Online
  • Home
  • Business & Economy
  • Sen Nwoko demands probe  of ‘too hasty’  sack of  317 CBN workers
  • Business & Economy

Sen Nwoko demands probe  of ‘too hasty’  sack of  317 CBN workers

Admin May 28, 2024
CBN

CBN head office

CBN
CBN head office

Sen. Ned Nwoko (PDP-Delta North), has criticised the recent sack of 317 workers of the Central Bank of Nigeria (CBN), and urged the Senate to investigate the purge.

Nwoko said on Tuesday in Abuja that the sack was “too hasty”, hence the need to probe the circumstances around it.

He alleged that the apex bank did not consult with relevant stakeholders, including labour unions, before the exercise.

“The Senate should mandate its committees on Employment, Labour and Productivity, as well as that of Public Service Matters, to investigate the terminations.

“The committees should focus on the rationale behind the action, compliance with labour laws, and the broader socio-economic impact of the exercise,” he said.

Nwoko explained further: “Between March 15 and April 11, 2024, the CBN sacked 117 staff members.

“On May 24, the CBN sacked an additional 200 staff members, bringing the total number to 317.

“From my finding, those mostly affected were directors, deputy directors, assistant directors, principal managers, senior managers and some lower workers.

“The letters issued to the affected staff, including one dated May 24, from the Human Resources Department, cited the need to reorganise the organisation for effective operations, as the reason for the sack.

“The letter had no further details. It did not offer specific reasons for the dismissal of each staff member.”

Nwoko expressed fears that the principles of fairness and justice might have been compromised in the exercise.

He opined that the “sudden termination will hurt the economic stability of the workers’ families”.

Efforts to obtain CBN’s reaction to Nwoko’s claims proved abortive, but a top source, pleading anonymity, confirmed that some workers of the apex were recently laid off, but declined further details. (NAN)

Tags: CBN staff Probe sack Senate Senator Ned Nwoko

Post navigation

Previous NLC wants better pay, insurance, pension for journalists
Next A father’s passionate letter to his late son

Related Stories

Nigeria tops Africa’s AI ranking
  • Business & Economy

Nigeria tops Africa’s AI ranking

July 9, 2026
Kenya’s Shilling Seen Gaining Ground, Ghana and Uganda Drop, While Naira, Kwacha Hold Steady
  • Business & Economy

Kenya’s Shilling Seen Gaining Ground, Ghana and Uganda Drop, While Naira, Kwacha Hold Steady

July 9, 2026
AGPC signs network entry agreement with NGIC unlocking 250 MMscf/d gas injection
  • Business & Economy

AGPC signs network entry agreement with NGIC unlocking 250 MMscf/d gas injection

July 9, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

NIS suspends U.S. visa application centres indefinitely
  • National News

NIS suspends U.S. visa application centres indefinitely

July 9, 2026
Nigeria tops Africa’s AI ranking
  • Business & Economy

Nigeria tops Africa’s AI ranking

July 9, 2026
Tinubu seeks passage of National Senior Secondary Education Commission Amendment Bill
  • National News

Tinubu seeks passage of National Senior Secondary Education Commission Amendment Bill

July 9, 2026
Anambra Govt. approves 3 months tax waiver for business owners anambra state
  • National News

Anambra Govt. approves 3 months tax waiver for business owners

July 9, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.