A disengaged staff of the Central Bank of Nigeria (CBN) have filed a lawsuit against the bank at the National Industrial Court of Nigeria in Abuja over their mass layoff in 2024.
In an originating summons filed on July 4, 2024, under the NICN Civil Procedure Rules, the former staff raised concerns about their dismissal, claiming it violated their constitutional right to a fair hearing, internal policies, and Nigerian labor laws.
The 33 claimants, represented by lawyer Okwudili Abanum, argued that:
- The termination process lacked consultation and fair hearing, as required by the CBN’s Human Resources Policies and Procedures Manual (HRPPM) and Section 36 of the Nigerian Constitution.
- Their dismissal letters, issued under the guise of “restructuring,” were arbitrary and unconstitutional.
- They were given only three days to vacate their positions and hand over official property.
The plaintiffs are seeking:
- A declaration that their dismissal was null and void.
- An order preventing the CBN from firing them without following due process.
- Immediate reinstatement with payment of salaries and benefits from the date of termination.
- N30 billion in damages for psychological distress, hardship, and reputational harm.
- An additional N500 million as the cost of the lawsuit.
The claimants referenced Article 16.4.1 of the HRPPM, which mandates consultation with the joint consultative council and fair procedures before employment decisions affecting staff.
During the first hearing on November 20, 2024, presiding judge Justice O. A. Osaghae encouraged both parties to seek an amicable resolution, citing Section 20 of the NICA 2006. The CBN, represented by lead counsel Inam Wilson, has filed a preliminary objection to the suit.
The court adjourned the case to January 29, 2025, for a hearing on the objection.
In 2024, the CBN terminated about 1,000 staff in four batches between March and May, citing “reorganisation and human capital restructuring.” Some affected staff reported receiving severance payments as low as ₦5,000, while others claimed their gratuities were used to offset outstanding loans.
The claimants argue that the layoffs violated the CBN Act, which requires board approval for significant employment decisions. On December 4, 2024, the CBN stated that its early exit package was voluntary and carried no negative consequences for eligible staff.
