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The Central Bank of Nigeria (CBN), yesterday, categorically dismissed rumours of forced mass retirements, emphasising that its Early Exit Package (EEP) is entirely voluntary.
According to the apex bank, the decision to extend the benefit to a wider range of staff was made after extensive consultations with the Bank’s Joint Consultative Council (JCC), a body representing staff interests.
The Acting Director of Corporate Communications at the CBN, Mrs. Hakama Sidi Ali explained that the EEP, previously limited to executive cadre staff, has now been made available to eligible employees at all levels.
“Staff representatives, through the JCC, had consistently advocated for the expansion of the early exit package to all cadres. In response to these requests, management decided to implement this initiative,” she stated.
To address concerns about potential negative repercussions for those who choose not to participate in the EEP, Mrs. Sidi Ali reassured staff that the programme was entirely voluntary.
She emphasised the Bank’s strong commitment to supporting employees’ professional growth and well-being, dismissing any concerns as unfounded.
The EEP is an internal corporate initiative designed to provide eligible staff with an opportunity for early retirement, offering them financial incentives and the freedom to pursue other career paths. The Bank has assured staff that their career progression and opportunities will not be adversely affected by their decision to either accept or decline the package.
