The mass retrenchment exercise by the Central Bank of Nigeria has angered members of the House of Representatives who resolved to look into the matter.
Recall that in recent months, the apex bank has dismissed over 300 employees including directors, deputy directors, assistant directors, principal managers, senior managers, and lower-ranking officials for reasons not made public.
During the plenary session on Wednesday, the lawmakers, after adopting a motion sponsored by Jonathan Gaza from Nasarawa state, passed a resolution to that effect.
The house then mandated the committee on banking regulations and federal character to probe the circumstances behind the dismissal of the CBN staff and report back within four weeks for further legislative action.
The lawmaker stressed significant concerns and controversies among the masses and stakeholders, including the affected employees and labour unions, saying that as part of an “extensive reform,” the CBN has been “downsizing the workforce, which has affected close to 600 employees, including directors.
“More than ever before, there is a dire need for meritocracy in institutions and the importance of maintaining and sustaining strong institutions,” he said.
The motion, which was not debated, was unanimously adopted when it was put to a voice vote by Benjamin Kalu, the deputy speaker who presided over the session.
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