House of Representatives has resolved to look into the mass retrenchment exercise by the Central Bank of Nigeria. The lawmakers passed the resolution during the plenary session on Wednesday after the adoption of a motion sponsored by Jonathan Gaza from Nasarawa state. In recent months, the apex bank has reportedly dismissed over 300 employees including directors, deputy directors, assistant directors, principal managers, senior managers, and lower-ranking officials. While reacting to the development, Gaza said as part of an “extensive reform,” the CBN has been “downsizing the workforce, which has affected…
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