By Tochukwu Bliss, Abuja
The Central Bank of Nigeria (CBN), yesterday, explained that its Early Exit Package (EEP) is entirely voluntary and without any negative repercussions for eligible staff.
The clarification followed reports of the sudden exit of over 1,000 workers, and dismissed claims of forced mass retirements,
Speaking in Abuja on Wednesday, the Acting Director of Corporate Communications, Hakama Ali, said the decision to implement the exercise was the outcome of extensive consultations with the Bank’s Joint Consultative Council (JCC), a body representing staff interests.
Ms. Ali explained that the EEP, a longstanding policy previously accorded to the executive cadre, has now been made available to eligible staff at all levels.
“For some time, staff representatives through the JCC had called on management to approve the early exit package for all cadres. Following these discussions, management decided to meet this popular demand,” she said.
Addressing concerns about potential repercussions for staff who decline the package, she reaffirmed management’s commitment to supporting employees’ professional growth and well-being, describing the concerns as unfounded.
She further emphasized that the initiative is an internal corporate matter designed to promote career development for staff.
The decision to implement the exercise was the outcome of extensive consultations with the Bank’s Joint Consultative Council (JCC), a body representing staff interests.
