Nigeria Today Magazine News Disengaged staff sue CBN, demand compensation

Disengaged staff sue CBN, demand compensation


CBN's gov Olayemi-Michael Cardoso

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Former employees of the Central Bank of Nigeria (CBN) have initiated legal action against the apex bank, demanding compensation for what they claim was an unlawful mass termination of appointments in 2024.

The dismissed staff allege that the bank violated internal policies, breached their contractual rights, and flouted Nigerian labour laws during the retrenchment process. The legal suit, which has drawn significant public attention, highlights allegations of procedural irregularities in the termination exercise.

The disengaged employees are reportedly seeking redress for what they describe as unfair treatment. Sources close to the matter state that the legal battle is aimed at compelling the CBN to pay due compensation and adhere to proper labour practices.

While the CBN is yet to issue an official statement regarding the lawsuit, labour and employment experts note that the case could set a significant precedent for workplace rights and corporate accountability in Nigeria.

 

 

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