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CBN Forbids Access Bank from sacking staff

Of recent, Access Bank of Nigeria sacked some number of staffs probably due the the Covid-19 outbreak which caused an uproar online and in Nigeria as a whole which can be seen as a notorious act.

The Central Bank of Nigeria had on 3rd of May 2020 called a special meeting of the Bankers Committee as regards the prevailing issue to stop all banks from sacking their staffs during this Covid-19 epidemic and the extended lockdown which many Nigerians gave accolades to the Governor of the Central Bank of Nigeria. It reads;

A special meeting of the Bankers' Committee was convened on May 2, 2020, to further review the implications of the COVID-19 pandemic on the Nigerian banking industry. The Committee particularly deliberated on the issue of the global economic difficulties and decided as follows:

1. In order to help minimize and mitigate the negative impact of the COVID-19 pandemic on families and livelihoods, no bank in Nigeria shall retrench or lay-off any staff or any cadre (including full-time and part-time)

2. To give effect to the above measure, the express approval of the Central Bank of Nigeria shall be required in the event that it becomes absolutely necessary to lay-off any such staff.

Access banks have been one of the most respected banks in Nigeria, but with the recent development of donating money to the Federal Government of Nigeria and later sacking huge numbers of their staffs this have left a stain in their integrity and people have lost confidence in them because of such barbaric act exhibited.

Indeed the Central Bank of Nigeria is working. God bless Nigeria.

Content created and supplied by: Elosemeh (via Opera News )

Access Bank Bankers' Committee CBN Central Bank of Nigeria Federal Government of Nigeria

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