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Sh**ck Exit: CBN Governor Explains Why 1,000 Staff Walked Out – What Cardoso Uncovered

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Yemi Cardoso 1

Sh**ck Exit: CBN Governor Explains Why 1,000 Staff Walked Out – What Cardoso Uncovered

Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, clarified that the 1,000 employees who left the bank in December 2024 did so voluntarily as part of the Early Exit Program, not under duress. Speaking during an investigation by the House of Representatives’ committee,…Sh**ck Exit: CBN Governor Explains Why 1,000 Staff Walked Out – What Cardoso Uncovered

 

Cardoso emphasized that the program was entirely voluntary, offering full severance benefits to those who chose to disengage. He explained that such restructuring helps optimize the performance of the organization, addressing issues like stagnation and career progression, where vacancies are limited. Cardoso also noted that similar exercises are common in both the public and private sectors.

 

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