Skip to content
Sunday 25 October 2026
  • Home
  • Advertise with us
  • Contact
The Frontier
Click to read
The Frontier
  • News
  • Crime
  • Politics
  • Headlines
  • Education
  • Health
  • Business & Economy
  • Sports
  • More
    • International
    • Religion
    • Entertainment
    • Info Tech
    • Matilda Showbiz
      • Gists
      • Music
      • Gossips
      • Oga MAT
      • Romance
    • Arts & Culture
    • Environment
    • Opinion
    • Features
    • Epistles of Anthony Kila
    • EyeCare with Dr Priscilia Imade
The Frontier
  • News
  • Crime
  • Politics
  • Religion
  • Headlines
  • Education
  • International
  • Business & Economy
  • Entertainment
  • Sports
  • Arts & Culture
  • Environment
  • Health
  • Matilda Showbiz
    • Gists
    • Music
    • Gossips
    • Oga MAT
    • Romance
  • Opinion
  • Epistles of Anthony Kila
  • EyeCare with Dr Priscilia Imade
  • Info Tech
  • Interview
The Frontier
Click to read
Business & Economy
Business & Economy

Sack: We’re living in fear – CBN staff cry out

The FrontierThe FrontierApril 11, 2024 3642 Minutes read0

•CBN Governor Yemi Cardoso

Members of staff of the Central Bank of Nigeria (CBN) have disclosed they are living in constant fear over the ongoing sacking since the appointment of Dr Olayemi Cardoso as the governor.

The CBN workers who spoke with our correspondent said no department can be spared in the continued sacking ravaging the apex bank, reports Daily Trust.

SDP Poster Layout

The country’s apex bank staff said this in reaction to disengagement of another 50 of their colleagues on Monday.

It was reliably learnt that about 117 people have been shown the way out in the last 20 days, cutting across 29 departments.

The termination of appointments affects directors, deputy directors, assistant directors, principal managers, senior managers and lower ranking staff.

Speaking about the disturbing development, one of the staff said, “We have seen indiscriminate sacking in procurement, development finance and the medical services department. What it means is that other departments will follow soon.

“I am worried that they will come for all those that worked closely with the sacked directors. The apprehension is not good for productivity and it is also bad for the system.

Another senior staff member said: “A lot of people who received their sack letter just kept quiet and left their various offices. They feel helpless by the way the system is structured.”

The CBN under Cardoso has witnessed many changes but in policies and personnel directly away from what his embattled predecessor, Godwin Emefiele, had.

Even the vendors have been grumbling as some who completed their contract to the CBN since last June have their payment kept perpetually in view by the new management.

This has persisted over suspicion that they might have benefitted from the management of Emefiele.

Attempts to get the reaction of the acting Director of Corporate Communication, Hakama Sidi Ali, was not successful as she did not pick her call or return the text messages to her line.

The apex bank has also not responded to nor denied the previous allegations on the issue that were published by this paper.

A senior management source, who does not have the permission to speak on the matter, told our reporter that the sacking spree will continue till the end of April.

Staff affected by the latest development, who also spoke to our correspondent on the condition of anonymity, said the lack of clarity or justification for the sack has made them conclude that they are victims of personal vendetta by Mr Cardoso and the deputy governors.

 

Tags
CBNcry outFearlivingSackstaff
FacebookTwitterWhatsAppLinkedInEmailLink
Previous post Abia State first governor, Ogbonnaya Onu, is dead
next post How to apply for new multi-purpose NIMC card
Related posts
  • Related posts
  • More from author
Business & Economy

Shoprite set to open neighbourhood stores after shutdown

October 25, 20260
Business & Economy

Nigeria’s poultry farmers demand urgent action over rising costs, feed shortages

October 23, 20260
Business & Economy

CBN approves JPMorgan Merchant Bank operations in Nigeria

October 23, 20260
Load more
Read also
Inside Akwa Ibom Today

ARISE Projects Impact

February 9, 20250
Interview

My wife died chasing nine-month retirement benefits – Retiree

October 25, 20260
Politics

ADC mocks APC over rented crowds, empty seats at Kaduna rally

October 25, 20260
International

Trump votes early in Florida for US midterm elections

October 25, 20260
Business & Economy

Shoprite set to open neighbourhood stores after shutdown

October 25, 20260
Health

Infertility: Experts seek comprehensive law on IVF, surrogacy, egg donation

October 25, 20260
Politics

Opposition parties slam APC’s Kaduna rally, accuse Tinubu of recycling promises

October 25, 20260
Load more

ARISE Projects Impact

February 9, 2025

My wife died chasing nine-month retirement benefits – Retiree

October 25, 2026

ADC mocks APC over rented crowds, empty seats at Kaduna rally

October 25, 2026

Trump votes early in Florida for US midterm elections

October 25, 2026

Shoprite set to open neighbourhood stores after shutdown

October 25, 2026

Infertility: Experts seek comprehensive law on IVF, surrogacy, egg donation

October 25, 2026

ARISE Projects Impact

0 Comments

My wife died chasing nine-month retirement benefits – Retiree

0 Comments

5 burnt to death scooping fuel from fallen tanker

0 Comments

Naira slumps further as dollar scarcity bites harder

0 Comments

BREAKING: Appeal Court sacks Senate Minority Leader, orders election rerun

0 Comments

Follow us

FacebookLike our page
InstagramFollow us
YoutubeSubscribe to our channel
WhatsappContact us
Latest news
1

ARISE Projects Impact

February 9, 2025
2

#TinubuMustGo: Amnesty International rejects police drug narrative, demands immediate release of protesters

October 1, 2026
3

Court adjourns APC Chairman Ganduje’s bribery, misappropriation case to new date

October 23, 2024
4

Aiyedatiwa appoints first 5 aides as Ondo governor •Akeredolu’s aides resign

December 28, 2023
5

Nigeria’s Afrobeats superstar Burna Boy acquires Africa’s first 2025 Lamborghini Revuelto

August 31, 2025
6

Nigeria to force hospitals to treat gunshot victims, says health ministry

February 7, 2024
Popular
1

ARISE Projects Impact

February 9, 2025
2

Fuel price: Reject World Bank N750/litre proposal – NLC warns FG

December 15, 2023
3

Germany appoint Klopp as national team coach

July 24, 2026
4

Domestic borrowing up 14% as Nigeria’s public debt skyrockets

October 2, 2026
5

Why I’ll never offer free services to my state – Veteran actress Ngozi Nwosu

October 29, 2024
6

ICC prosecutor seeks arrest of Taliban leaders over persecution of women in Afghanistan

January 23, 2025

About The Frontier

The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.

Most viewed

ARISE Projects Impact

February 9, 2025

England enter World Cup fray as Ronaldo makes history

June 17, 2026

2027: Opposition splits over National Assembly plan to shift election dates

October 14, 2025

Renewed plot by Wike’s camp to remove Governor Fubara uncovered •CUPP raises alarm

August 18, 2024

Finance Minister Edun meets oil & gas stakeholders over Naira crude sales

August 13, 2024
Top posts

Categories

  • News5182
  • Politics4905
  • Crime4657
  • International3253
  • Sports2613
  • Business & Economy2388
  • Headlines2298
  • Education1456
  • Matilda Showbiz1062
  • Health968
  • Entertainment894
  • Africa621
  • Religion504
  • Environment405
  • Special279
  • Info Tech268
  • Arts & Culture245
  • Inside Akwa Ibom Today236
  • Hunger protests in Nigeria224
  • Interview200
  • Opinion159
  • EyeCare with Dr Priscilia Imade138
  • World Cup 202695
  • Advert36
  • Trends25
  • Epistles of Anthony Kila19
  • Local News5
  • The Surge4

© 2026 The Frontier, Published by Okims Media Links Limited.

designed by winnet services

  • Home
  • Advertise with us
  • Contact