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CBN Sacks 200 Staff Members

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No fewer than 200 officials of the Central Bank of Nigeria were on Friday relieved of their duties.

This is an addition to the long list of ongoing disengagements in the apex bank.

This adds to the list of 117 staff sacked by the bank between March 15 and April 11, 2024.

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The termination of appointments affects directors, deputy directors, assistant directors, principal managers, senior managers and lower-ranking staff.

Impeccable sources who are staff of the bank confirmed the sack to our correspondent on Friday, saying that those sacked are not less than 200.

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They revealed that affected persons include older directors who were not affected by the last round of retrenchment.

One of the sources in a 20-second call with our correspondent simply stated, “It is true and confirmed.”

The staff member who could not disclose further details for fear of victimisation added that the move has caused apprehension among staff of every cadre as the management has not specified any criteria for the decisions.

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Another source confirmed the information, indicating that additional dismissals are expected in the months ahead, spread out across staggered phases.

The official said, “It is real and is even more than 200 officials but the actual number is unconfirmed yet. The sack is coming in staggered phases and that is why we can’t confirm the number yet. But it is not less than 200.

“The sacked persons include directors, and other cadres but the ones that are easily known are the directors. Some of the batch of old directors that were not affected during the last round of sacks are now affected.”

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The sack letter obtained by our correspondent and issued by the Human Resources Department on May 24, 2024, said the policy was to reorganise the organisation for effective operations.

The letter, lacking a signature read, “The new strategic direction of the bank has been widely publicised. In line with our new mission and vision, the bank is currently undergoing a significant organisational and human capital restructuring process.

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“As a result of this review, I have been directed to notify you that your services will not be required with effect from Friday, 24th May 2024.

“Your final entitlements will be calculated and paid to you in due course. Thank you”

In February, at least 1,500 members of staff of the apex bank of Nigeria were redeployed from the headquarters located at Central Area to its Lagos office.

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READ ALSO: Man Arrested For Allegedly Forging Lagos Magistrate’s Stamps, Impersonating Police Officer

At the time, the CBN said the action was necessitated by several factors, including the need to align the bank’s structure with its functions and objectives and redistribute skills to ensure a more even geographical spread of talent.

It added that it was also in compliance with building regulations, as indicated by repeated warnings from the facility manager, and the findings and recommendations of the Committee on Decongestion of the CBN Head Office.

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A memo issued to staff read, “This is to notify all staff members at the CBN Head Office that we have initiated a decongestion action plan designed to optimise the operational environment of the Bank.

“This initiative aims to ensure compliance with building safety standards and enhance the efficient utilisation of our office space”.

Efforts to get the reaction of the bank’s Director of Corporate Communication, Hakama Sidi Ali, was not successful as she did not pick up her call or respond to the text messages to her line.

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Okpebholo Fires EDOGIS Managing Director

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Managing Director of the Edo State Geographic Information Service (EDOGIS), Dr. Tony Ikpasajah has been sacked.

Ikpasajah was reportedly sacked over issues relating to revocation of a 13, 545 hectares of land belonging to Presco Plc in Ologbo, Ikpoba-Okha Local Government Area of the state.

Government sources said the Governor was embarrassed that he was not properly briefed about the issues.

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The source, who confirmed the sack, said Ikpasajah has been issued an official letter relieving him of his appointment.

READ ALSO:EDOGIS Assures Public Of Prompt Release of C of O

On Wednesday, Edo State Government, in an advertorial invoked sections Sections 28 and 38 of the Constitution to revoke the Presco land.

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Barely 24 hours later, Secretary to the Edo State Government, Musa Ikhilor, said Ikpasajah acted unilaterally, without authorisation, and in complete disregard for established procedures and the actual number of hectares intended for excision from PRESCO PLC’s total landholding.

The statement said a formal administrative review has been initiated to address the unauthorised actions of the former EDOGIS Managing Director and to strengthen internal controls to prevent future breaches.

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Edo Govt, PDP Biker Over PRESCO’s Statutory Right Of Occupancy

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The Edo State Government and the main opposition—Peoples Democratic Party (PDP) on Thursday engaged in verbal war over PRESCO PLC’s Statutory Right of Occupancy, a parcel of land Governor Monday Okpebholo purported revoked and later reversed within 24 hours.

In an advertorial (public notice) published by two national dailies on Wednesday, 26th November, 2025, and signed by Governor Okpebholo with the titled: ‘Revocation of Statutory Rights of Occupancy Pursuant to Sections 28 and 38,’ the Edo State Government announced the revocation of a parcel of land belonging PRESCO PLC in Ologbo, Ikpoba-Okha Local Government Area of the state.

But in a swift backtrack on Thursday, 27th November, 2025, the Edo State Government in another advertorial published by the same national dailies, and signed by Umar Ikhilor, Secretary to the State Government with the title: ‘Disclaimer on Public Notice Purportedly Revoking Statutory Rights of Occupancy of PRESCO PLC,’ the state government distanced itself from the public notice (advertorial).

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READ ALSO:Why We’re Establishing Offices Across The State – EDOGIS

Ikhilor, who said the publication did not “emanate from the Executive Governor of Edo State nor from any authorised organ of the state government, added: “The government has verified that the immediate past Managing Director of Edo State Geographic Information Service (EDOGIS), acted unilaterally, without authorisation, and in complete disregard for established procedures and the actual numbers of hectares intended for excision from PRESCO PLC’s landholding.” As at when the first public notice was published, The EDOGIS MD was still an appointee of Governor Okpebholo.

Reacting to the development in a statement, State Publicity Secretary of the PDP, Daniel Osa-Ogbegie, described the revocation and counter-revocation, as shameful.

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The State Publicity Secretary who said “Edo people are witnessing a government that does not know what it signs,” stressed “it does not understand what it announces, and cannot defend what it authorises.”

He added: “This, apparently, is not governance.It is a circus. A dangerous circus.”

READ ALSO:Crack In Edo APC As Group Accuses Party Chieftain Of Acting Opposition’s Script

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Osa-Ogbegie, while noting that “PRESCO PLC is not just a company; it is the single largest agro-industrial investment in Edo State, a 34-year pillar employing thousands directly and indirectly,” said: “Edo people deserve honest answers. Instead, they got a contradictory drama that exposes the hollowness of this administration.”

Reacting to PDP’s statement, the state Commissioner for Information and Strategy, Prince Kassim Afegbua, who described the PDP as crying than the bereaved.

Afegbua, while stating that “the release by the Secretary to the Edo State Government that captured the essential details of the Government’s position should suffice, especially the Constitutional dimensions,” however admitted that there was an initial mix-up.

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He said: “There were initial mix-up on the issue under discourse, but the explanation by the Secretary to the State Governor, gave a constitutional rationale for the position taken by government concerning land in oil minerals areas and one had thought, that was self-explanatory to any reasonable and rational mind, but because comedians must always trivialise scenarios, the PDP will never disappoint in their vainglory.”

 

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Edo: Foundation Puts Smile On Less Privileged Faces, Gives 100 Free Medical Surgery

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Not less than a hundred less privileged patients on Wednesday in Benin benefited from a free medical surgery carried out by Dr. Paddy Emmanuel Foundation.

The surgical operations were carried out on ailments ranging from Fibroids, Hernia, Liponia breast lump and others.

Speaking, the founder and Edo State Commissioner for Education, Dr. Paddy Iyamu, said since the commencement of the free medical outreach in 2014, over 3000 persons have benefited in Edo and Delta.

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Paddy, who said the programme was driven purely by compassion and not political motives, added: “Life is all about what you can give back to the people because you came with nothing and you go back with nothing. I have been giving back to society in the past 10 years to impact the people”, he said.

He stressed that many of the beneficiaries could not have afforded the cost of treatment on their own.

READ ALSO:Okpebholo Announces Plan To Recruit 3,000 Teachers In Edo

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“This gesture is outside politics. We started as far back as 2014 and we have been doing it every year. Some persons who come for treatment tell you they have not had food to eat, not to talk of getting money, which sometimes runs into millions, to give to the doctor.

“The experience in the last 10 years has been fulfilling and impactful. I am happy to see burdens lifted off people.

“Life is vanity and when you are gone, you will be remembered for what you have done. I hope to continue till Jesus calls me.”

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Director General of the foundation, Mr. Zion Oshiobugie, explained that while the first nine editions of the medical outreach were held in Delta State, the 10th edition marks the first time Edo residents were benefitting from the initiative.

Oshiobugie noted that the annual programme is fully funded by the founder, Dr. Paddy Iyamu, who dedicates his birthday every year to providing life-changing healthcare for indigent citizens.

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According to him, “What he does is to mark his birthday on the 30th of November every year with the free surgeries which have benefitted 3,000 persons. He wants humanity to benefit from his birthday instead of just partying.

“So this programme, which takes place for one week every year, is borne out of love for humanity, which is in line with the motto of our foundation, ” Touching Lives”

“Every year, we partner with our surgeon, Dr. Benjamin Olowojebutu, who brings his team from Lagos. He has been one of our partners and he is a respected member of the Nigeria Medical Association.”

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Partners and team lead of the medical personnel from Lagos, Dr. Benjamin Olowojebutu, expressed his commitment to the outreach, disclosing his personal calling to give back after surviving a ghastly motor accident years ago.

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“I am here with 24 members of my team from Lagos. We perform fibroid surgeries which have allowed women to have their own children. We also perform hernia, lipoma, breast lump and other surgeries.

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“Last week, we got a text that one of the women we operated on in 2020 now has three kids. That means this intervention is creating relief for our people.

“The focus is on the less privileged because when you do this, you give it to God. Each year we come back, people give testimonies of the good things that have happened to them.”

A 19-year-old Nelson Ehigie who benefited from the free medical operation, thanked the foundation for the free surgery.

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I’m very grateful to Dr. Paddy Foundation. My parents couldn’t afford the cost so we had to come here for the surgery. God bless Dr. Iyamu,” he said.

 

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