CBN Advices Nigerian Banks Not to Sack Workers

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The Central Bank of Nigeria, CBN, has directed the management of Nigerian banks not to let their workers go.



The apex bank's Banking Supervision Director , Tokunbo Martins said this at the Bankers’ Committee meeting held in Lagos today.

“One of the things we discussed was about the impending retrenchment in the banking industry. So, we understand that many bank staff are experiencing fears about possible retrenchment in the industry.

"We discussed it among the banks and the banks are now committed to not retrenching their staff going forward. So, whatever rumours are flying around about that mass retrenchment happening or not happening, that is not true," he said.



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