Central Bank of Nigeria Sacks 200 staff

[Augusta]

200 employees of the Central Bank of Nigeria has been sacked across various departments in the bank restructuring exercise. Those affected include workers in Human Resources; Development Finance; Trade and Exchange, Financial Policy and Regulation and Procurement and Support Services.

The affected staff were surprised to receive their termination letters on Friday, May 24, with their employment ending immediately.

CBN said the sacks are due to an organizational and human capital restructuring process to aligned with the bank’s strategic direction and its new mission and vision.

 

[eLdavis]

If It where to be in a country with good law system, I don't think Central bank would try this. By now, they would have been swimming with 200 lawsuits against them. How can you sack people without proper notice.

 

[Starmix]

That's inhuman. They employees should have been informed 1 month before to condition themselves from the sudden pain of losing a job. Why is that done on the spot. What's the function of the labor laws?