Home Latest Insights | News Fired CBN Workers Test Nigeria’s “Go to Court” As They Seek Redress for Alleged Unlawful Termination

Fired CBN Workers Test Nigeria’s “Go to Court” As They Seek Redress for Alleged Unlawful Termination

Fired CBN Workers Test Nigeria’s “Go to Court” As They Seek Redress for Alleged Unlawful Termination

I vote Present here because it is a tough call, especially in Nigeria, where government employees are largely protected in many ways from being fired. Yet, what happened over the last few years in the Central Bank of Nigeria (CBN) are things you would not like to become norms in the nation.

“Over 100 former employees of the Central Bank of Nigeria (CBN) have taken legal action against the bank in the National Industrial Court (NIC), challenging what they describe as their abrupt and unjust termination under a re-organization strategy…The sudden dismissal of over 200 CBN staff in May 2024 has been widely interpreted as a ..targeted purge of employees perceived to be loyal to the former CBN Governor.”

When Ayi Kwei Armah wrote “The Beautyful Ones Are Not Yet Born”, he forgot to give us timelines when they will be born. For all the evils of General Sani Abacha, he ran a better apex bank than whatever we have seen recently.

Tekedia Mini-MBA edition 15 (Sept 9 – Dec 7, 2024) has started registrations; register today for early bird discounts.

Tekedia AI in Business Masterclass opens registrations here.

Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.

I was still an undergraduate student, when one evening everyone was jubilating. What happened? Abacha had mandated that all oil contracts must be bidded in Naira. Of course, that was also the beginning of his end, as he touched the reserved global castle! But if you check the data, Abacha kept Naira largely stable!

For these workers, as they say in Nigeria, “go to court”. You are already in court. Good luck, workers. Good luck, CBN.

Over 100 Sacked Central Bank of Nigeria (CBN) Employees Challenge Termination in Court


---

Register for Tekedia Mini-MBA (Sept 9 – Dec 7, 2024), and join Prof Ndubuisi Ekekwe and our global faculty; click here.

No posts to display

Post Comment

Please enter your comment!
Please enter your name here