Exit package not targeted at northerners — CBN

[punch]

BOOK INTERNATIONAL FLIGHTS TICKETS LOCAL FLIGHTS HOTELS BOOKINGS WORLDWIDE AND MORE AT CHEAPEST RATE EVER! CLICK HERE TO BOOK YOUR FLIGHT AND RECEIVE YOUR FLIGHT TICKET INSTANTLY

Exit package not targeted at northerners — CBN

The Central Bank of Nigeria, CBN, has  said its Early Exit Package, EEP, implemented in 2024, was entirely voluntary and not intended to target or destabilise northerners working at the apex bank.

The Bank’s Deputy Governor on Economic Policy, Muhammad Abdullahi, reiterated this at a two-day Interactive Session on Government-Citizens Engagement, organised by the Sir Ahmadu Bello Memorial Foundation in Kaduna yesterday.

Speaking during plenary on governance and economy, Abdullahi said the bank was congested at its headquarters in Abuja and had made an offer to anyone interested in exiting but with a substantial package.

He said:  “The bank was so crowded at the headquarters and jam-packed that there was no space; the limited space and exit routes in the building were converted to offices, and hence not healthy for the workers.

“Due to the crowded and suffocating space, the insurance company expressed serious concerns about securing the building with its insurance policy, hence the need for decongestion.

“Meanwhile, there are ample spaces in the Bank’s offices in Lagos, Kaduna and other places that could absorb a large number of workers from the headquarters.

“Some of those staff members taken to Lagos and Kaduna are now so happy that they don’t even want to come back to Abuja.  It is not an agenda against anybody.’’

Abdullahi said the apex bank had been practicing early exit in the last 20 years, but had been done when the management at the top was very heavy.

“When such is observed, the governor will constitute a committee comprising the staff members, and they will come out with an offer, but only for those who want to take it. It is voluntary, not forced on anyone.

“Some workers were very happy to take the exit offer and establish a microfinance bank.

‘So, it is an opportunity for those who want to move ahead and do other things with their lives,” Abdullahi said.

He explained further that there was misinformation and a distorted narrative about 16 directors in the bank, adding that this was unfortunate.

“Let me state here that there are a lot of directors who are from the northern region and are currently working in the bank.  People should stop listening to unpatriotic elements that spread fake news to misguide and incite the masses.

“The son of the Secretary to the Government of the Federation was moved out of Abuja to Lagos.  Nobody was spared. It is a policy of the bank. People should please understand all these,” Abdullahi said.

The post Exit package not targeted at northerners — CBN appeared first on Vanguard News.

Source: Exit package not targeted at northerners — CBN