The Central Bank of Nigeria (CBN) has dismissed allegations of forced mass retirements, asserting that its Early Exit Package (EEP) is entirely voluntary and aimed at enhancing career development for eligible staff.
The clarification was made by the Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali, during a press briefing in Abuja on Wednesday, December 4, 2024.
Mrs. Sidi Ali emphasized that the EEP is the result of extensive consultations with the Bank’s Joint Consultative Council (JCC), a body representing staff interests.
She highlighted that the initiative, previously exclusive to executive cadre employees, has now been extended to staff across all levels.
“For some time, staff representatives through the JCC had called on management to approve the early exit package for all cadres. Following these discussions, management decided to meet this popular demand,” she stated.
Speaking on concerns about potential repercussions for staff who decline the package, Mrs. Sidi Ali reaffirmed management’s commitment to supporting employees’ professional growth and well-being, describing the concerns as unfounded.
She further emphasized that the initiative is an internal corporate matter designed to promote career development for staff.
