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TOP SECRET FINALLY REVEALED| SEE WHY TINUBU IS EAGER TO IMPLEMENT THE TAX REFORM BILL IN NIGERIA. THEY STILL WANT TO CUTOFF THE MINIMUM WAGE INDIRECTLY.The Central Bank of Nigeria (CBN) has insisted that the 1,000 staff of the apex bank who were disengaged in December 2024, were not forced to quit the apex bank. ...Tap To Read The Full Story Here | ..Tap To Read The Full Story Here...
CBN Governor, Olayemi Cardoso stated this while speaking at an investigative hearing of the House of Representatives ad-hoc committee.
The committee is probing the circumstances leading to the exit of the staff members and how the sum of N50bn severance package for the affected persons arrived at.
This is as the CBN boss added that the affected persons opted to disengage through the voluntary Early Exit Programme with payment of full benefits.
Represented by Deputy Director, Corporate Services, Bala Bello, Cardoso explained that the Early Exit Programme, Restructuring and Re-organisation “Are basically ways and means through which the performance of an organisation is optimised by ensuring that round pegs are put in right holes. The manpower requirement of the bank is actually met.
“The man loading, which is the key responsibilities, key performance indicators of the bank, vis-a-vis the number of people driving the performance of that bank, is at a level where it’s optimum, balancing the human resource requirement, the capital requirement, the skill requirement, as well as the IT requirement of the bank.
“You are very much aware that the entire world is going through a process of digitising its operations. And then once that is done, a lot of opportunities are created, just like a lot of redundancies are also equally created.
“And you have had instances in which, in the past, the request for staff to actually exit the bank voluntarily actually emanated on the part of the staff. And I believe the Central Bank is not necessarily the first organisation to have done that.TOP SECRET FINALLY REVEALED| SEE WHY TINUBU IS EAGER TO IMPLEMENT THE TAX REFORM BILL IN NIGERIA. THEY STILL WANT TO CUTOFF THE MINIMUM WAGE INDIRECTLY.
“I’m very happy to mention that the early exit program of the CBN is 100 per cent voluntary. It’s not mandatory. Nobody has been asked to leave, and nobody has been forced to leave. It’s a completely voluntary programme that has been put in place.”...Tap To Read The Full Story Here.
