CBN prevails on banks not to sack workers
A statement signed by the Director, Corporate Communications, Mr Isaac Okorafor, said a special meeting of the Bankers’ Committee was convened on May 2, 2020, to stop using this Coronavirus pandemic to be sacking the bankers, they should stop sacking till the committee review the next action.
He stated that the committee particularly deliberated on the issue of the operating costs of banks in view of the disruptions emanating from the global economic difficulties and decided to take some decisions.
Okorafor reveal that, This action to to stop the Negative impact of this Coronavirus to the family and relatives of all the Bankers, no bank in Nigeria shall retrench or lay-off any staff of any cadre (including full-time and part-time).
“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.
Okorafor disclosed that the special meeting of the bankers’ committee was convened where the issue of the operating costs of banks in view of the disruptions emanating from the global economic difficulties was discussed.
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. CBN solicits the support of all in our collective effort to weather through the economic challenges occasioned by the COVID-19 pandemic.”
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