The Central Bank of Nigeria (CBN) has refuted allegations of mandatory mass retirements, explaining that its Early Exit Package (EEP) is completely voluntary and has no adverse consequences for eligible employees, SAVANNAH NEWSNOW REPORTS.
The allegations was refuted by the Acting Director of Corporate Communications, Mrs Sidi Ali.
She explained that the Early Exit Package (EEP), previously reserved for executive cadre staff, is now available to eligible staff across all levels.
Mrs Sidi noted that staff representatives had been advocating for the package to be extended to all cadres through the Joint Consultative Committee (JCC), and management had decided to meet this demand.
Addressing concerns about potential repercussions for staff who opt for the package, Mrs. Sidi Ali reassured that management remains committed to supporting employees’ professional growth and well-being, and described the concerns as unfounded.
She emphasized that the initiative is an internal corporate matter aimed at promoting career development for staff.
