Connect with us

News

Reps Orders CBN to suspend planned retirement of 1,000 staff

Published

on

352 Views

The House of Representatives has constituted a high-level ad hoc committee to investigate the planned mass retirement of over 1,000 staff of the CBN.

The House therefore urged the CBN to suspend further implementation of the retirement exercise and associated payoff scheme pending the outcome of its committee’s investigation.

The resolution to set up the committee was adopted following a motion of urgent public importance by Rep. Kama Nkemkama (LP-Ebonyi) during plenary on Tuesday.

The motion is entitled, “Need to Investigate the Retirement of Over 1,000 Staff of the Central Bank of Nigeria (CBN) and the Associated N50 Billion Payoff Scheme.”

In the motion, Nkemkama  stated that the sudden mass retirement of over 1,000 staff, including directors and senior management, raises critical questions.

These, according to him, include the criteria for selection, transparency, and adherence to due process in line with public service guidelines and labour laws.

He said that such a significant decision has socio-economic implications for the affected individuals, their dependants, and the broader economy.

The lawmaker said that this would pose risks of mismanagement and abuse of public funds in a sector vital to Nigeria’s financial stability.

The House also resolved to engage the leadership of the CBN to evaluate the potential economic and institutional impact of mass retirement on Nigeria’s financial sector.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Commotion In National Assembly Over Fire Outbreak

It took the swift intervention of senator Asuquo Ekpenyong from Cross River South and Senator Salihu Mustapha to quench the fire building up in the kitchen compartment of the Senate hearing room 107.

Published

on

By

9 Views

Image: National Assembly, Abuja

A fire outbreak in the Senate wing of the National Assembly was quickly put out on Wednesday; stopping it from spreading any further.

It took the swift intervention of senator Asuquo Ekpenyong from Cross River South and Senator Salihu Mustapha to quench the fire building up in the kitchen compartment of the Senate hearing room 107.

The Senate Committee on Niger -Delta Development Commission, NDCC chaired by Senator Ekpenyong had just concluded the screening exercise of Dr. Zainab Marwa as the member representing, Northeast on the board of the commission when smoke from the fire rapidly covered the scene of incident.

It was subsequently gathered that the fire emanated from a micro-wave left on in the kitchen.

In the brief commotion; Senator Ekpenyong’s swift intervention ensured that the fire was quickly put out.SOT

Continue Reading

News

President Tinubu Commissions new EFCC office in Ekiti

Earlier, EFCC Chairman Ola Olukoyede described the commissioning of the Ekiti Zonal Directorate as a landmark development that would enhance the Commission’s presence and effectiveness in the region.

Published

on

By

17 Views

• EFCC Ekiti Office commission by Vice President Kashim Shettima, Tuesday, June 9, 2026.

President Bola Ahmed Tinubu has commissioned the new Economic and Financial Crimes Commission (EFCC) Zonal Directorate office in Ado-Ekiti.

Represented by Vice President Kashim Shettima at the commissioning ceremony on Tuesday, President Tinubu said that the state-of-the-art facility reflects the Federal Government’s commitment to strengthening institutions responsible for fighting corruption and economic crimes.

The President commended EFCC Chairman, Ola Olukoyede, as well as the management and staff of the Commission for their efforts in enhancing the agency’s operational capacity and expanding its reach across the country.

According to him, the new office will improve the Commission’s effectiveness in tackling corruption, financial crimes and related offences, while bringing anti-graft operations closer to the people of Ekiti and Ondo States.

Earlier, EFCC Chairman Ola Olukoyede described the commissioning of the Ekiti Zonal Directorate as a landmark development that would enhance the Commission’s presence and effectiveness in the region.

He noted that the facility would help close operational gaps in the Commission’s coverage of Ekiti and Ondo States while improving engagement with local communities in the fight against corruption.

Continue Reading

News

JUST IN: IED Explosion Kills One, Injures Seven on Anka-Bagega Road in Zamfara ( Photos)

Published

on

12 Views

An Improvised Explosive Device (IED) exploded on the Anka-Bagega road on Tuesday, killing one person and injuring seven others.

The blast struck a commercial Volkswagen Golf 3 Wagon carrying passengers travelling from Bagega village to Anka town. One passenger died on the spot, while the seven injured victims are receiving treatment at a primary healthcare facility in Bagega.

The explosion also caused significant damage to the vehicle, sparking fresh security concerns among commuters using the route.

This incident comes barely a month after a similar IED explosion occurred along the same road.

Zamfara State Commissioner of Police, Ahmad Bello, confirmed the attack. He said joint security forces have been deployed to assess the situation, clear the affected area, and restore normalcy on the route.

Continue Reading

Trending