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HoR C’ttee probing over 1000 CBN staff retirement, promises fair hearing

By Tom Okpe

An adhoc committee of the House of Representatives, probing retirement of over 1000 staff of the Central Bank of Nigeria, CBN, has promised fair hearing to all parties involved.

Chairman of the Committee, Rep Bello Kumo, made this known at the commencement of hearing on the matter at the National Assembly Complex in Abuja on Friday.

The Chairman was however, displeased that the Governor of the Apex Bank, Cardoso was physically absent at the first sitting.

Kumo who is also the Chief Whip of the House, expressed dissatisfaction over the absence of the Labour and Employment Minister, Muhammadu Maigari Dingyadi.

The hearing was initially scheduled to hold on Wednesday, but had to be moved to Friday, due to the 2025 budget presentation ceremony by President Bola Ahmed Tinubu, applauding Representatives of the Federal Character Commission, who honoured the invitation of the Committee.

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Bello warned that the Committee would be left with no choice but to sanction Government officials who failed to honour the Committee’s invitation, saying that a new date for the hearing would be communicated to them in due course.

“We are guided by our laws. We will not allow anybody to take us for granted. Let me be clear on this, any day we fix again and any of the organisations that refuses to show up, we will apply the law.

“The Committee would not put aside its responsibility in not only ensuring fair hearing to all parties involved in the saga,” he said.

In his earlier speech, Speaker of the House of Representatives, Rep Tajudeen Abbas acknowledged that the impact of the CBN action would be felt by not only the individual workers affected and their families, but the whole country, charging Committee to do due diligence on ascertaining the formulae used in computing the N50 billion pay off amount to the affected workers.

He also, urged them to ensure due process was adhered to.

Speaker Abbas also, charged the Committee to ensure that the decision to relieve the workers of their jobs aligns with global best practices and extant provisions of the law.

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