𝐌𝐚𝐬𝐬 𝐑𝐞𝐭𝐫𝐞𝐧𝐜𝐡𝐦𝐞𝐧𝐭: 𝐑𝐞𝐩𝐬 𝐓𝐨 𝐏𝐫𝐨𝐛𝐞 𝐂𝐁𝐍
...........𝒂𝒔 𝑵𝒊𝒈𝒆𝒓𝒊𝒂𝒏𝒔 𝒂𝒓𝒆 𝒉𝒐𝒑𝒆𝒇𝒖𝒍 𝒕𝒉𝒂𝒕 𝒕𝒉𝒆 𝒄𝒐𝒎𝒎𝒊𝒕𝒕𝒆𝒆𝒔 𝒓𝒆𝒑𝒐𝒓𝒕 𝒘𝒊𝒍𝒍 𝒃𝒓𝒊𝒏𝒈 𝒄𝒍𝒂𝒓𝒊𝒕𝒚 𝒂𝒏𝒅 𝒋𝒖𝒔𝒕𝒊𝒄𝒆 𝒕𝒐 𝒕𝒉𝒆 𝒂𝒇𝒇𝒆𝒄𝒕𝒆𝒅 𝒆𝒎𝒑𝒍𝒐𝒚𝒆𝒆𝒔
The news of mass retrenchment in any organization is always a cause for concern for the public. And when it involves a prominent institution like the Central Bank of Nigeria (CBN), it becomes a matter of national interest.
On Wednesday, the House of Representatives, presided over by the deputy speaker Rt Hon Benjamin Okezie Kalu took a significant step towards addressing the issue by passing a resolution to look into the mass retrenchment exercise by the CBN.
During the plenary session on Wednesday, Jonathan Gaza from Nasarawa state sponsored a motion, which was unanimously adopted by the lawmakers.
The motion highlighted the downsizing of the CBN workforce, resulting in the dismissal of over 300 employees, including directors, deputy directors, assistant directors, principal managers, senior managers, and lower-ranking officials.
Gaza, in his motion, expressed concerns about the extensive reform taking place in the CBN, which has reportedly affected close to 600 employees, including directors.
He also emphasized the importance of meritocracy in institutions and the need to maintain and sustain strong institutions.
The motion, which was adopted without debate, has mandated the committee on banking regulations and federal character to investigate the circumstances surrounding the mass retrenchment and report back within four weeks.
This decision has been welcomed by the public as it is a step towards finding out the truth behind the dismissals and ensuring that justice is served.
It is essential to note that the CBN is a crucial institution in Nigeria's economy, responsible for regulating monetary and financial activities.
Any changes in its workforce and operations can have a significant impact on the country's financial stability. Hence, the House of Representatives' decision to look into the matter is a positive and responsible move.
The motion has also brought to light the concerns and controversies among the masses and stakeholders, including the affected employees and labor unions.
The public is eagerly awaiting the report of the committee, and it is hoped that it will shed light on the reasons behind the mass retrenchment exercise.
In this age of transparency and accountability, it is vital for public institutions to operate with integrity and follow due process in their decision-making.
The resolution by the House of Representatives serves as a reminder to the CBN and other institutions to uphold these values and ensure that the rights of their employees are protected.
Let me conclude by saying that the House of Representatives' decision to probe the mass retrenchment exercise by the CBN is a significant step towards addressing the concerns and controversies surrounding the issue.
The public is hopeful that the committee's report will bring clarity and justice to the affected employees and help prevent similar incidents in the future.
𝓘𝔂𝓴𝓮 𝓜𝓫𝓪
𝙎.𝙇.𝘼 𝘿𝙚𝙥𝙪𝙩𝙮 𝙎𝙥𝙚𝙖𝙠𝙚𝙧 𝙃.𝙊.𝙍
Igbo Patriots Magazine is a News and entertainment blog
Posts
Featured Post
𝐎𝐧𝐞 𝐘𝐞𝐚𝐫 𝐈𝐧 𝐎𝐟𝐟𝐢𝐜𝐞: 𝐑𝐭 𝐇𝐨𝐧 𝐁𝐞𝐧 𝐊𝐚𝐥𝐮 𝐂𝐨𝐧𝐠𝐫𝐚𝐭𝐮𝐥𝐚𝐭𝐞𝐬 𝐏𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭 𝐓𝐢𝐧𝐮𝐛𝐮
...........𝒄𝒂𝒍𝒍𝒔 𝒇𝒐𝒓 𝒓𝒆𝒇𝒍𝒆𝒄𝒕𝒊𝒐𝒏, 𝒈𝒓𝒂𝒕𝒊𝒕𝒖𝒅𝒆 𝒂𝒏𝒅 𝒓𝒆𝒏𝒆𝒘𝒆𝒅 𝒅𝒆𝒕𝒆𝒓𝒎𝒊𝒏𝒂𝒕𝒊𝒐𝒏 𝒕𝒐 𝒘𝒐𝒓𝒌 𝒕𝒐𝒈𝒆𝒕𝒉𝒆𝒓 𝒕𝒐𝒘𝒂𝒓𝒅𝒔 𝒂 𝒑𝒆𝒂𝒄𝒆𝒇𝒖𝒍 𝒂𝒏𝒅 𝒑𝒓𝒐𝒔𝒑𝒆𝒓𝒐𝒖𝒔 𝒏𝒂𝒕𝒊𝒐𝒏 The deputy speaker of the House of Representatives, Rt Hon Benjamin Okezie Kalu, recently extended his warm congratulations to President Bola Ahmed Tinubu on the occasion of his one-year anniversary as the President of the Federal Republic of Nigeria. In his message, Rt Hon Benjamin Kalu expressed his admiration for President Tinubu's leadership and his commitment to improving the nation's infrastructure, enhancing security, and promoting economic growth. Despite the numerous challenges facing Nigeria, President Tinubu's administration has shown resilience and determination in laying a solid foundation for a brighter future. Rt Hon Benjamin Kalu commended the President for his efforts in addressing the nation's pressing issues and fo
𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐃𝐢𝐬𝐜𝐨𝐮𝐫𝐬𝐞: 𝐑𝐭 𝐇𝐨𝐧 𝐁𝐞𝐧𝐣𝐚𝐦𝐢𝐧 𝐊𝐚𝐥𝐮 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐬 𝐎𝐩𝐞𝐧𝐢𝐧𝐠 𝐀𝐝𝐝𝐫𝐞𝐬𝐬
............𝒂𝒔 𝒍𝒐𝒄𝒂𝒍 𝒈𝒐𝒗𝒕 𝒂𝒖𝒕𝒐𝒏𝒐𝒎𝒚, 𝒔𝒆𝒄𝒖𝒓𝒊𝒕𝒚 𝒂𝒏𝒅 𝒈𝒐𝒐𝒅 𝒈𝒐𝒗𝒆𝒓𝒏𝒂𝒏𝒄𝒆 𝒕𝒂𝒌𝒆𝒔 𝒄𝒆𝒏𝒕𝒆𝒓 𝒔𝒕𝒂𝒈𝒆 On Monday, May 27th, all eyes were on the Deputy Speaker of the House of Representatives, Rt Hon Benjamin Okezie Kalu, as he delivered the opening address on behalf of the Speaker, Rt. Hon. Tajudeen Abbas, Ph.D., at the National Discourse on Nigeria's Security Challenges and Good Governance at the Local Government Level in Abuja. The discourse shed light on the pressing issues faced by local governments in the country and highlighted the efforts of the 10th House of Representatives in addressing them. One of the primary concerns discussed at the discourse was the usurpation of local government functions by state governments. This has been a long-standing issue, hindering the effective governance of local communities. The State Joint Local Government Account has also been identified as a major obstacle in achieving
𝐂𝐨𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧 𝐑𝐞𝐯𝐢𝐞𝐰: 𝐑𝐭 𝐇𝐨𝐧 𝐁𝐞𝐧𝐣𝐚𝐦𝐢𝐧 𝐊𝐚𝐥𝐮 𝐃𝐞𝐜𝐥𝐚𝐫𝐞𝐬 𝐑𝐞𝐭𝐫𝐞𝐚𝐭 𝐎𝐩𝐞𝐧
..........𝒂𝒔 𝒔𝒑𝒆𝒂𝒌𝒆𝒓𝒔 𝒐𝒇 36 𝒔𝒕𝒂𝒕𝒆 𝒉𝒐𝒖𝒔𝒆 𝒐𝒇 𝒂𝒔𝒔𝒆𝒎𝒃𝒍𝒚 𝒔𝒉𝒐𝒘𝒔 𝒔𝒖𝒑𝒑𝒐𝒓𝒕 𝒇𝒐𝒓 𝒊𝒔𝒔𝒖𝒆𝒔 𝒃𝒐𝒕𝒉𝒆𝒓𝒊𝒏𝒈 𝒐𝒏 𝒔𝒕𝒂𝒕𝒆 𝒑𝒐𝒍𝒊𝒄𝒆, 𝒓𝒆𝒔𝒐𝒖𝒓𝒄𝒆 𝒄𝒐𝒏𝒕𝒓𝒐𝒍 𝒂𝒏𝒅 𝒅𝒆𝒄𝒆𝒏𝒕𝒓𝒂𝒍𝒊𝒛𝒂𝒕𝒊𝒐𝒏 𝒐𝒇 𝒑𝒐𝒘𝒆𝒓 On Friday, May 24, 2021, the Deputy Speaker of the House of Representatives, Rt Hon Benjamin Okezie Kalu, declared open the first retreat of the House of Representatives Committee on the Review of the 1999 Constitution of the Federal Republic of Nigeria (as Amended) in Ikot Ekpene, Akwa Ibom State. This retreat marks an important step in the timeline to achieve the first set of amendments by December 2025. It provides the Committee with a crucial opportunity to receive reports from consultants on previous Constitution amendment bills, deliberate on those that have been rejected or not assented to, and propose action plans for addressing the reservations that led to their rejection. The primary goal
Comments
Post a Comment
For advert placing, call 08024114163