THE Central Bank of Nigeria (CBN) has reiterated that its Early Exit Package (EEP) implemented in 2024 was entirely voluntary and not to target or dis-stabilise Northerners working in the apex bank.
The Bank’s Deputy Governor on Economic Policy, Muhammad Abdullahi restated this yesterday in Kaduna at a two-day Interactive Session on Government- Citizens Engagement, organised by the Sir Ahmadu Bello Memorial Foundation.
Speaking during plenary on Governance and Economy, Abdullahi said the bank was congested at its headquarters in Abuja and offer was made to anyone interested in exiting, but with a huge package.
“The bank was so crowded at the headquarters and jam-packed that there was no space; the limited space and exit routes in the building were converted to offices and hence not healthy for the workers.
“Due to the crowded and suffocating space, the insurance company expressed serious concerns on securing the building with its insurance policy, hence the need for decongestion.
“Meanwhile, there are ample spaces in the Bank’s offices in Lagos, Kaduna and other places that could absorb large number of workers from the headquarters.
“Some of those staff members taken to Lagos and Kaduna are now so happy that they don’t even want to come back to Abuja.“It is not an agenda against anybody,’’ he said.
Abdullahi said the apex bank has been practicing early exit in the last 20 years, but done when the management at the top is very heavy.
“When such is observed, the governor will constitute a committee comprising of the staff members and they will come out with an offer but only for those that want to take it. It is voluntary, not forced on anyone.
“Some workers were very happy to take the exit offer and establish microfinance bank.
