The Central Bank of Nigeria (CBN) is facing allegations of unfair dismissal and inadequate compensation after former employees claimed they were sacked without warning or hearing following up to 14 years of service. According to accounts shared with SaharaReporters, between 10 and 15 staff members were disengaged under the banner of "organizational restructuring," with some receiving offers of N200,000 to N300,000 as final compensation. One worker stated that employees were not issued HR queries, warning letters, or given any opportunity to defend themselves, describing the process as sudden and lacking transparency. The dismissals reportedly affected staff at the Abuja Branch 15 unit, with some having served over a decade, including four who worked more than 10 years and others with five to nine years of service.
A former Deputy Director's disengagement was later reclassified as retirement, allegedly granting full benefits and sparking claims of preferential treatment. Workers alleged that a petition by an unidentified colleague triggered the sack, though its contents were never disclosed. They also accused a former head of the Abuja office of bullying and manipulation of performance evaluations. The affected staff said their entitlements were used to offset outstanding loans, leaving them with little or no payout. They rejected a one-month salary offer and a waiver preventing legal action. Nearly two years after the sack, the group continues to seek reinstatement or full compensation.
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