News

Sacked CBN Workers Fault Dismissal, Seek Reinstatement

Published

2 years ago

June 10, 2024

Former employees of the Central Bank of Nigeria (CBN) are grappling with the shock of their sudden dismissal, accusing the management of maltreatment and injustice.
They claimed that many were not paid their entitlements before their sacking, a move they argued violates the bank’s human resource rules and policy.
In a statement issued yesterday in Jos, Plateau State capital, the North Central Coordinator of the Conference of Autochthonous Ethnic Communities Development Association Youth Wing, Paul Dekete, called for the immediate reinstatement of the sacked workers.
The statement read, “The purge wasn’t limited to high-level executives. It extended far beyond directors, impacting Deputy Directors and Assistant Directors who formed the backbone of departmental operations. These were not junior staff; they were seasoned professionals with deep institutional knowledge.
“For example, the Director of Information Technology was overseeing crucial projects on the very day they were terminated, including efforts to secure international information security certifications for the bank.
“In a particularly egregious case, a Director on special assignment, tasked with leading the bank’s efforts to secure an ISO certification for information security, was sacked on the very day the bank successfully achieved this crucial milestone.
“Central banking relies heavily on robust cybersecurity measures, and this certification is a testament to the Director’s competence and the bank’s commitment to financial security. This abrupt dismissal, on the day of a major accomplishment, raises serious questions about the planning and rationale behind the mass layoffs.”
The statement further said, “The mass sack violated the bank’s own HR policy, which mandates board approval for executive terminations.
“This blatant disregard for due process has raised serious questions about transparency. The CBN, a federal institution, must adhere to public service rules. This dismissal exercise, carried out without board approval, lacks a solid legal foundation.
“Making matters worse, the bank offered no clear criteria for the mass sacking. This is a stark departure from their established culture of clear communication with staff during downsizing exercises.”
Dekete, on behalf of the sacked CBN workers further argued that, “Loyal employees, some with over 30 years of dedicated service, were cast aside with a cold, impersonal letter stating ‘your services are no longer required.’ This callous act extended to a Deputy Director who was let go even though she had already completed all the necessary paperwork and her retirement letter was ready to be issued.
“The human cost of this heartless exercise is staggering. Many staff members had used their salaries as collateral for loans tied to their remaining years of service at the CBN. With their abrupt termination, these loans were immediately deducted from their final paychecks, leaving some with nothing and others still indebted to the bank. The impact on these individuals and their families is devastating, with their dreams and financial security shattered in an instant.
“The CBN’s purge extended beyond individual hardship, raising serious concerns about ethnic bias. Reports indicate that some states saw over 80% of their executive staff removed, with North Central and South Eastern regions disproportionately affected. This blatant disregard for the principle of federal character raises troubling questions about the bank’s commitment to national unity.
“Staff morale has plummeted, with a pervasive sense of fear and uncertainty gripping the institution. Every Friday is met with dread, as rumours swirl of another list of targeted employees. The reported use of an external consultant, seemingly unfamiliar with the bank’s HR policies and civil service regulations, only exacerbates the lack of trust and transparency.”
The CBN’s mass dismissal included the entire Economic Intelligence Unit (EIU), a unit in the bank tasked with the critical function of identifying and monitoring illegal financial activities within Nigeria. Established in 2018, the EIU was meticulously built by cherry-picking the bank’s brightest minds across various departments.
According to Dekete, the loss of these highly trained professionals represents a significant blow to the bank’s institutional knowledge and capacity to combat money laundering and other illicit financial activities.
He noted that the nature of the sack shows an attempt to cripple the Middle-belt region of the state as Gombe, Plateau and Benue are affected most.
“In Gombe State, five people cutting across Deputy Directors to Assistant Directors cadre were all dismissed courtesy of the re-organization of the bank. In Plateau, 80% of the staff in the executive cadre were sacked, including one who had 3 days to retire and arrangements had been concluded for her normal retirement.
“Benue is not spared either as many Deputy Directors are affected. Very painful is that Mr Onoja Ameh who was transferred from Abuja to Awka Branch last year December was involved in a terrible accident in April this year during which he almost lost his life on his way back to Awka after visiting his family in Abuja is still recuperating when he got sacked. A widow who is currently nursing her trauma was also sacked from the region due to the ‘re-organisation’ of the bank.
“All termination decisions should be reviewed to ensure compliance with CBN HR policy and public service rules. This may involve reinstating some employees who were dismissed without proper justification.
“With most of the casualties arising from the Middle Belt and the South Eastern regions of the country, we call on the Governor of these regions to as a matter of urgency step into the ugly development to unravel the mystery behind the motive to correct it”, the statement said.

News

Victory Over Insurgency Certain, Tinubu Assures

Published

8 hours ago

February 16, 2026

The Tide

President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.

The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.

He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.

Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.

“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.

“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.

The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.

Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.

He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.

“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”

The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.

The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.

Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.

News

US Embassy, Lagos Consulate Close Today For President’s Day

Published

1 day ago

February 16, 2026

The Tide

The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.

The mission made this known in a notice shared on its official X page, yesterday.

“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.

According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.

The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.

In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.

Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.

News

Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role

Published

1 day ago

February 16, 2026

The Tide

United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.

Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.

The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.

Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.

“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.

The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.

Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.

The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.

In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.

“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.

Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.

He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.

Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.