A group of 33 former employees of the Central Bank of Nigeria (CBN) has filed a lawsuit against the apex bank at the National Industrial Court in Abuja, challenging their termination and demanding N30 billion in damages.
In a summons filed on July 4, 2024, the claimants argued that their dismissal violated their constitutional rights, internal policies, and Nigerian labour laws.
They alleged that the termination letters issued under the pretext of “reorganisation and human capital restructuring” in April 2024 were arbitrary, illegal, and unconstitutional.
The plaintiffs, represented by Okwudili Abanum, are seeking a court declaration that their dismissal was null and void, reinstatement of their positions with full benefits, and compliance with fair hearing and consultation requirements as outlined in the CBN’s Human Resources Policies and Procedures Manual.
The claimants are also demanding N30 billion for emotional distress, reputational damage, and hardship, alongside N500 million to cover legal costs.
During the first court mention on November 20, 2024, Justice O. A. Osaghae encouraged both parties to seek an amicable resolution.
However, the CBN, represented by Senior Advocate of Nigeria Inam Wilson, filed a preliminary objection to the suit, with a hearing scheduled for January 29, 2025.
The layoffs, which occurred in four batches between March and May 2024, affected approximately 1,000 employees. While the CBN claimed the process was voluntary, the affected staff argued it violated due process and the CBN Act. Some dismissed employees also alleged they received minimal severance pay or none at all.
