News

CBN Sacks 200 Staff Members

Published

1 year ago

May 24, 2024

Editor

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.

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.

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.

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.”

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.

“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.

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.

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.

News

Group Throws Weight Behind Benin Monarch’s Decision On Iyaloja

Published

2 hours ago

October 7, 2025

Editor

Group known as Edo Art and Cultural Heritage Institute (EACHI) has thrown its weight behind Oba of Benin, Ewuare II, on the royal father’s stance on the traditional leadership of markets in the Benin Kingdom.

A statement isdued by Okpioba Osaro Idemudia, on behalf of the group, said the “institute aligns with the Oba’s stance that the Iye-Eki is the only recognized traditional head of the markets, and we believe that this position should be respected and preserved in accordance with our cultural heritage.

“EACHI stands firm on the ground that the Iye-Eki holds a significant and revered position in the Benin Kingdom, serving as the main market traditional head. We believe that any attempts to impose external leadership structures that contradict our cultural norms and traditions would undermine the rich heritage of the Benin people.

“We are proud of our royal rather, for his unwavering commitment to upholding the cultural values and traditions of the Benin Kingdom.

“EACHI reassures the people of Edo State and the broader community that we will continue to support and promote the preservation of our rich cultural heritage.”

The group, while calling on Edo sons and daughters in home and in diaspora to “stand in unity to support our royal father Oba Ewuare II’s disapproval of IYALOJA,” commended
Edo market women for talking a bold stand against the imposition of IYALOJA

News

JUST IN: Tinubu’s Minister Resigns Amid Allegations

Published

3 hours ago

October 7, 2025

Editor

The Minister of Innovation, Science, and Technology, Geoffrey Nnaji, has resigned from President Bola Tinubu’s cabinet amid controversies surrounding his academic records and allegations of certificate forgery.

Nnaji, who was appointed in August 2023, announced his resignation in a letter to the President on Tuesday, expressing appreciation for the opportunity to serve.

Confirming the development in a statement on Tuesday, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, said, “President Bola Ahmed Tinubu has accepted the resignation of Geoffrey Uche Nnaji, the Minister of Innovation, Science, and Technology, following some allegations against him. President Tinubu appointed Nnaji in August 2023.

“He resigned today in a letter thanking the President for allowing him to serve Nigeria. Nnaji said he has been a target of blackmail by political opponents. President Tinubu thanked him for his service and wished him well in future endeavours.”

Nnaji’s resignation comes amid a lingering controversy over alleged certificate forgery and questions surrounding his academic qualifications from the University of Nigeria, Nsukka.

Nnaji and the Enugu State Government had traded words over allegations that he presented forged certificates.

The dispute intensified after the Federal High Court in Enugu rejected Nnaji’s bid to stop the University of Nigeria from releasing his academic records.

The court had ruled that the institution was within its rights to release the minister’s academic details in response to a freedom of information request, a decision that fuelled further public scrutiny.

Nnaji, however, maintained that he was being blackmailed by political opponents determined to tarnish his reputation.

News

UNIBEN Bans Students’ Sign-out Celebration

Published

4 hours ago

October 7, 2025

Editor

The University of Benin (UNIBEN) has prohibited all forms of sign-out celebrations by graduating students.

The ban is contained in a circular by the university’s Registrar, Mr Ademola Bobola, on Tuesday in Benin.

In the circular addressed to members of the university community, the management warned that violators risk severe disciplinary actions, including rustication, expulsion, or withdrawal of certificate.

Bobola said the decision was reached at a meeting on Monday, where it reaffirmed an earlier resolution of the university’s Senate banning such activities on campus.

“The management declared that no sign-out celebration of any kind, including signing on T-shirts and playing of music, will be tolerated,” he said.

He stated that the university would not condone any form of disorderly conduct or unauthorised gathering during or after examinations.

“Indiscriminate parading around the campuses in any brand of vehicle will not be permitted,” the circular warned.

According to him, unauthorised vehicles will not be allowed into the campuses all through the last week of the second semester examination.

“The management also prohibited large gatherings around faculties, schools, or institutes after examinations.

“Photographers will not be permitted to put up photo stands or galleries for the purpose of such celebration,” he said.

He said the management equally cautioned parents and guardians of final-year students against visiting campus premises during the final days of examinations.

“Parents and guardians of final-year students are advised to stay away from the Faculty, School, or Institute premises, especially on the last day of examination,” he said.

Bobola emphasised that the university’s stance was aimed at maintaining order, discipline, and academic decorum on campus.

“Members of the university community are kindly invited to note the above position for strict compliance.

“Any violation will attract severe disciplinary sanctions, including withdrawal of certificate, rustication, and expulsion of violators,” he warned.