Over 100 sacked Central Bank of Nigeria (CBN) employees have taken legal action against the bank in the National Industrial Court, challenging their abrupt and unjust termination under President Bola Tinubu’s re-organization strategy ¹ ² ³. The dismissed staff are seeking damages, payment of entitlements, and other compensatory measures.
The employees claim that their termination was not based on performance or organizational needs but was instead a calculated move to clear the decks for the new leadership ³. They are seeking full payment of their monthly salaries, allowances, and all other financial benefits they should have been entitled to if they were still in the employment of the bank, from the time their employments were terminated to the time they should have retired from the apex bank.
The CBN had sacked about 200 of its staff in May 2024 through a letter titled “Re-organisation of the CBN,” a move that has unsettled the affected employees, who are now demanding their entitlements and compensation for damages.
