The Central Bank of Nigeria (CBN) has refuted claims of forced mass retirements, clarifying that its Early Exit Package (EEP) is entirely voluntary and carries no negative consequences for eligible employees,leadership reports.
In a statement, the Acting Director of Corporate Communications, Mrs. Hakama Ali, explained that the decision to introduce the initiative followed extensive consultations with the bank’s joint consultative council, a body representing staff interests.
Mrs. Ali highlighted that the EEP, which was previously available only to executive-level staff, has now been extended to eligible employees across all levels. “For some time, staff representatives through the council had urged management to approve the early exit package for all cadres. Following these discussions, management decided to fulfill this popular demand,” she said.
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Addressing concerns about possible repercussions for those who opt not to participate, Mrs. Ali reassured employees that such fears are unfounded, emphasizing the management’s commitment to their professional growth and overall well-being.
She further stated that the EEP is an internal corporate initiative aimed at fostering career development and supporting employees’ aspirations.
