The House of Representatives recently decided to form a special committee to look into the events surrounding the retirement of 1,000 personnel from the Central Bank of Nigeria. This move comes after concerns were raised regarding a N50 billion allocation for compensating the affected individuals. The decision was made following a motion presented by a member of the House from Ebonyi State.
The motion highlighted the need to investigate the mass retirement of the CBN staff and the significant financial package involved. It emphasized the importance of transparency, adherence to regulations, and the potential impact on the economy and job market. The House aims to scrutinize the criteria used for the retirement, the handling of the N50 billion scheme, and engage with the CBN leadership to understand the repercussions on the financial sector.
Furthermore, the House urged the CBN to halt any further retirements and payments until the investigation is completed. It also called upon the Ministry of Labour and Employment to ensure that the rights of the affected employees are upheld according to Nigerian labor laws.