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Reps. Start Investigation Into Forced Job Cuts At CBN

Speaker of House of Representatives, Rep. Tajudeen Abbas,  Begin Probe into Allegations of Forced Retrenchment of CBN Personnel  urged all relevant stakeholders to collaborate with the house in its investigation on the alleged forceful retirement of no fewer than 1,000 staff members of Central Bank of Nigeria (CBN).

Following the call made by Abbas at the opening of the hearing, organised by the ad hoc committee on the investigation of the termination and dismissal of the CBN staffers, in Abuja on Friday.

Abbas said that the stakeholders included: CBN, Federal Character Commission and Federal Ministry of Labour, Employment and Productivity.

Represented by the Deputy Speaker, Rep. Benjamin Kalu, Abbas said that the focus was on the recent termination and dismissal of staffers and the subsequent payment of N50 billion severance package.

He went Further to reveal that the investigation was not merely procedural, but stemmed from the collective responsibility to uphold transparency, accountability and fairness among all arms of government and their agencies.

The speaker said that the committee had been tasked with the responsibility of examining several critical aspects of the matter, which included understanding the rationale behind the decision to lay off some staff members.

He said that the impacts of such a significant workforce reduction on the individuals, their families and the broader economy could not be overlooked by the parliament.

The lawmaker said that the committee would scrutinise the process through which the N50 billion severance package was determined.

According to him, transparency in such matters is key to maintaining public trust as well as ensuring the integrity of the institutions.

“I will like to express my gratitude to the representatives of the Central Bank of Nigeria, but who have failed to honour the invitation to participate in this hearing.

“I have looked through the room and have not seen a representative during the course of the introduction that came from the key institution in the subject matter of this investigation, that is the Central Bank of Nigeria.

“I am sure that invitation was extended to them. I’m wondering why they are not in this room on the request of the parliament.

“It is our intention that you cooperate with us because your cooperation is vital as we seek to uncover the facts, provide clarity to Nigerians and ultimately restore confidence in the integrity of government institutions.

“As we proceed with this investigative hearing, we urge that all the stakeholders appearing before the ad hoc committee comply with the provisions of Sections 88 and 89 of the Constitution Federal Republic of Nigeria to enable us carry out our mandate.

Blessing Sani Iye

Blessing Iye Sani is a graduate of Banking and Finance From Federal Polytechnic Nasarawa, Nasarawa State she is a practicing journalist with high professionalism in reporting Financial and Political event. She is also a practicing investigative journalist.

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