By Abidemi Samuel
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The Central Bank of Nigeria (CBN) has shed light on the recent mass exit of approximately 1,000 staff members, describing the development as a “voluntary retirement” scheme. According to the CBN, the staff members who opted for the voluntary retirement package did so in response to the bank’s efforts to restructure and optimize its workforce.The CBN’s clarification comes amid speculation and concerns raised by the sudden departure of a large number of staff members. However, the bank has reassured stakeholders that the voluntary retirement scheme is a normal part of its human resource management and restructuring efforts.The CBN’s Director of Corporate Communications, Osita Nwanisobi, explained that the bank had offered the voluntary retirement package to eligible staff members as part of its efforts to reposition the institution for greater efficiency and effectiveness. Nwanisobi emphasized that the scheme was entirely voluntary and that staff members who opted for it did so after careful consideration.Nwanisobi also clarified that the CBN had not forced any staff member to retire, contrary to speculation in some quarters. He reassured stakeholders that the bank remains committed to its mandate of promoting economic stability and development, and that the voluntary retirement scheme would not impact its operations or ability to deliver on its mandate.
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