Conference of Autochthonous Ethnic Communities Development Association (CONECDA) has appealed to the Central Bank of Nigeria (CBN) Governor Yemi Cardoso to follow established procedures for staff reduction as laid down in its Human Resource (HR) manual and best practices worldwide.
Conference of Autochthonous Ethnic Communities Development Association has appealed to the Central Bank of Nigeria Governor Yemi Cardoso to follow established procedures for staff reduction as laid down in its Human Resource manual and best practices worldwide.
But the North Central coordinator of CONECDA Youth Wing Comrade Paul Dekete in a statement signed and issued in Jos, said the blatant disregard for due process had raised serious questions about transparency, adding that CBN, a federal institution, must adhere to public service rules as the dismissal exercise, carried out without board approval, lacks a solid legal foundation.
He also explained that the human cost of this exercise is staggering, stressing that many staff members had used their salaries as collateral for loans tied to their remaining years of service at the CBN. He also called on the National Assembly to investigate CBN to understand the rationale behind the mass sacking and the criteria used, adding that the insensitive termination letters should be withdrawn and replaced with more appropriate documentation that reflects the employees' work records.
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