The House of Representatives on Tuesday launched an investigation into the circumstances surrounding the mass retirement of approximately 1,000 staff members of the Central Bank of Nigeria (CBN). The House also seeks to ascertain the N50 billion payoff earmarked for the settlement of the disengaged staff members.
The resolution follows the adoption of a motion of urgent public importance sponsored by Mr. Kama Nkemkama, a member of the Labour Party representing Ohaozara/Oncha/Ivo Federal Constituency, Ebonyi State. Nkemkama expressed concerns about the sudden mass retirement, citing critical questions about the criteria for selection, transparency, and adherence to due process.
“The House is concerned about the sudden mass retirement of over 1,000 staff, including directors and senior management,” Nkemkama said. “This development raises critical questions about the criteria for selection, transparency, and adherence to due process in line with public service guidelines and labour laws.”
