The House of Representatives on Tuesday, resolved to set up an ad-hoc committee to investigate the circumstances that led to the mass retirement of 1,000 staff members of the Central Bank of Nigeria
The House also resolved to ascertain the N50bn payoff earmark for the settlement of the disengaged staff members of the apex bank.
The resolution of the House followed the adoption of a motion of urgent public importance sponsored by the member representing Ohaozara/Oncha/Ivo Federal Constituency, Ebonyi State, Kama Nkemkama.
The PUNCH reported that the CBN is preparing to retire approximately 1,000 employees as part of its strategic workforce realignment.
Following the adoption of the motion, the House presided over by the Speaker, Tajudeen Abbas resolved to set up an ad-hoc committee to “Investigate the mass retirement of over 1,000 staff of the CBN to ascertain the criteria, process, and legality of the exercise.
The House also resolved to “Examine the N50bn payoff scheme to ensure transparency, accountability, and proper utilisation of funds.”
The Green Chamber also resolved to “Engage the leadership of the CBN to evaluate the potential economic and institutional impact the mass retirement has on Nigeria’s financial sector. “The Green Chamber also resolved to “Engage the leadership of the CBN to evaluate the potential economic and institutional impact the mass retirement has on Nigeria’s financial sector.”
The legislature also urged the apex bank to suspend further implementation of the retirement exercise and associated payoff scheme pending the outcome of the House investigation.
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