Central Bank of Nigeria (CBN) has said its Early Exit Package for staff is entirely voluntary and without any negative repercussions for eligible staff.
Gatekeepers News reports that the apex bank made the clarification through a statement released on Wednesday.
This came after some reports insinuated that the regulator was preparing to retire 1,000 officials and provide them with a severance package totalling over N50 billion.
Subsequently, the House of Representatives asked CBN to suspend the planned retirement of 1,000 staff.
Hakama Sidi Ali, acting director of corporate communications, dismissed the claims while speaking in Abuja.
She said the decision to conduct the exercise was the outcome of extensive consultations with the bank’s joint consultative council (JCC), a body that represents the interests of the bank’s staff.
Hakama noted that the EEP, a “longstanding policy” previously accorded to the executive cadre, is now accessible to eligible staff at all levels.
She said, “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.”
Addressing concerns about potential repercussions for staff who decline the package, she reiterated the management’s commitment to supporting employees’ professional growth and wellbeing, describing the concerns as unfounded.
The acting director added that the initiative is an internal corporate matter designed to support the employees’ career development.
