Disengaged Central Bank of Nigeria (CBN) staff members have taken the apex bank to court, demanding N30 billion in compensation for alleged unfair termination. The staff, who were laid off in a mass redundancy last year, claim the CBN violated internal policies, Nigerian labour laws, and contractual rights.
In an originating summons filed on July 4, 2024, the ex-CBN staff members argue that the termination process lacked necessary consultation and fair hearing mandated by law. They also contend that the termination letters, issued on the grounds of restructuring, were arbitrary, illegal, and unconstitutional.
The claimants, represented by Okwudili Abanum, seek an order declaring their dismissal null and void, a restraining order to prevent the CBN from terminating their employment without following proper procedures, and immediate reinstatement with payment of salaries and benefits from the date of termination.
The CBN, represented by Inam Wilson (SAN), has filed a preliminary objection to the claimant’s suit, which will be heard on January 29, 2025. The court has encouraged both parties to attempt an amicable resolution of the matter.
The mass redundancy, which affected about 1,000 staff members, was officially attributed to reorganisation and human capital restructuring. However, the affected staff argue that the process violated the CBN Act, which mandates board approval for significant employment decisions
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