Fear is said to have gripped workers of the Central Bank of Nigeria (CBN), as the apex financial institution has confirmed plans to retire about 1,000 of its employees by December 31, 2024.
A report by Daily Trust noted that the exercise will cost the CBN N50 billion.
The CBN has disengaged many of its staff in the last 10 months, including 17 directors who served under the immediate past governor, Godwin Emefiele.
In a circular released three weeks ago by the CBN, it stated that the application for the Early Exit Package (EPP) was open to all cadres of staff and would close by Saturday, December 7.
According to the circular, staff exempted are those yet to be confirmed or who have served less than one year “as of the date of publication,” with the effective date of exit set at December 31, 2024.
“Financial incentives for all other cadres of staff shall be for the remaining period in service, up to a maximum of 18 months of current grade gross annual emoluments,” it added.
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