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    MarketForces Africa » MarketNews » Investigate Mass Sack of CBN Workers, Group Urges NASS

    Investigate Mass Sack of CBN Workers, Group Urges NASS

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiJune 10, 2024 MarketNews No Comments2 Mins Read
    Investigate Mass Sack of CBN Workers, Group Urges NASS
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    Investigate Mass Sack of CBN Workers, Group Urges NASS

    The Conference of Autochthonous Ethnic Communities Development Association (CONECDA), has urged the National Assembly to investigate the recent mass sack of some workers of the Central Bank of Nigeria (CBN).

    Mr. Paul Dekete, the North Central Coordinator of CONECDA Youth Wing, made the request in a statement on Sunday in Jos. Dekete, who faulted the manner in which the affected workers; largely directors, deputy and assistant directors, were dismissed, said that the process violated the bank’s established procedure.

    The coordinator also maintained that the move would grossly affect the operations of critical departments within the apex bank, adding that 16 departments were affected by the action. Dekete decried that the affected personnel were those with avalanche of experience and expertise in their various fields, needed to move the apex financial institution forward.

    ”This is why we are calling on the National Assembly to investigate the CBN to understand the rationale behind the mass sack of its staff and the criteria used.

    ”The National Assembly should ensure that CBN follows established procedures for staff reduction as laid out in its HR (Human Resource) manual and best practices worldwide. That the insensitive termination letters should be withdrawn and replaced with more appropriate documentation that reflects the employees’ work records.

    ”The National Assembly should ensure all the decisions are reviewed to ensure compliance with CBN HR policy and public service rules,” he said.

    Dekete also appealed to the lawmakers to ensure that employees, who were dismissed without proper justification, were reinstated. He said that the dismissed staff deserved fair compensation to mitigate the economic hardship caused by the management’s decision. Seme Border Skills Acquisition Centre Kicks Off July – Customs

    Banks CBN Central Bank of Nigeria FGN Investors Naira NGX Nigeria Nigerian Stock Exchange
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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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