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Just In: Disengaged CBN staff sue apex bank, demand N30bn compensation

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Disengaged staff members of the Central Bank of Nigeria, who were laid off in a mass redundancy last year, have taken the apex bank to the National Industrial Court of Nigeria in Abuja.

The aggrieved former staff members, in an originating summons filed on July 4, 2024, under the NICN Civil Procedure Rules 2017, raised several issues for the court to determine.

Among other matters, the ex-CBN staff members are asking the court to decide whether they were denied their constitutional right to a fair hearing before and after their appointments were terminated. They claim that the CBN violated internal policies, Nigerian labour laws, and contractual rights.

The claimants—Stephen Gana, Kabiru Idris, Benedict Agbo, Peter Adeyemi, John Yisa, Eleanor Ihua, Stephen Ambore, Edom Obi, Dabo Chundung, Ekpe-Oko Roupa, Alabi Mubarak, Isa Yusuf, Quadru Ralph, Olasupo Adedokun, Dauda Yusuf, Ogidi Tolu, Levi David, Umar Kurba, Christopher Alfred, Gana Nma, Tanko Joel, Iyare Christian, Paul Iza, Alzebeokhai Esiemokhai, Pius Odunze, Isiuwe Uwadiahu, Vivienne Usoro, Imoh Francis, Ofili Lydia, Onunkwor Christopher, Adeshina Nurudeen, Bukar Ahmed, and Ajayi Omosolape—are all represented by Okwudili Abanum in a class action lawsuit.

They argue that the termination process, carried out through letters titled “Reorganisational and Human Capital Restructuring” dated April 5, 2024, violated both the CBN human resources policies and procedures manual and Section 36 of the Nigerian Constitution. The claimants further argue that the process lacked the necessary consultation and fair hearing mandated by law.

They also contend that the termination letters, issued on the grounds of restructuring, were arbitrary, illegal, and unconstitutional.
In light of this, the claimants seek an order declaring their dismissal null and void.

Additionally, the claimants are requesting a restraining order to prevent the CBN from terminating their employment without following the proper procedures. They are also seeking a declaration for their immediate reinstatement and payment of salaries and benefits from the date of termination.

The suit references Article 16.4.1 of the HRPPM, which mandates consultation with the joint consultative council and adherence to fair procedures before employment actions adversely affect staff. The claimants contend that this provision was flagrantly disregarded, as they were given just three days to vacate their positions and hand over official property.

They are also seeking N30 billion in general damages for psychological distress, hardship, and reputational harm caused by the dismissal, as well as an additional N500 million to cover the cost of the suit.

During the first mention of the suit on November 20, 2024, the court urged the parties involved to attempt an amicable resolution of the matter. Justice O. A. Osaghae noted, “This is a new matter; it is mentioned for the first time. I have looked at the processes, and it is my view that parties should attempt an amicable resolution of this dispute. Accordingly, parties are encouraged, pursuant to section 20 of the NICA 2006, to attempt an amicable settlement.”

Meanwhile, the CBN, represented by a team of lawyers led by Inam Wilson (SAN), informed the court that they had filed a preliminary objection to the claimant’s suit, which was served to the claimants on November 4, 2024.

Following the defendant’s counsel’s submission, Justice Osaghae adjourned the case to January 29, 2025, for the hearing of the preliminary objection.

It is recalled that in 2024, the CBN terminated the appointments of about a thousand staff in four batches between March and May of that year.
Some laid-off staff claimed they received severance payments as low as N5,000, while others said their gratuities were absorbed entirely to offset outstanding loans.

Although the layoff was officially attributed to reorganisation and human capital restructuring, the affected staff argue that the process violated the CBN Act, which mandates board approval for significant employment decisions.

On December 4 last year, the CBN stated that its early exit package was entirely voluntary and without negative repercussions for eligible staff.

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ICPC to arraign El-Rufai’s ex-chief of staff for alleged money laundering

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The Independent Corrupt Practices and Other Related Offences Commission, ICPC, has charged Alhaji Mohammed Bashir Sa’idu , former Chief of Staff to Kaduna State Governor, Malam Nasir El-Rufai, with money laundering before the Federal High Court, Kaduna on Tuesday.

 

According to the charge sheet, Saidu, who also served as Commissioner of Finance in Kaduna State, allegedly accepted a cash payment of N155,000,000 from one Ibrahim Muktar, a public officer in the Ministry of Finance, exceeding the amount authorized by law.

 

 

The ICPC alleged that the transaction took place in March 2022, and that Saidu received the cash through his Special Assistant, Muazu Abdu.

According to charge No FHC/KD/IC/2025, the defendants are being accused of two-count charges of Money Laundering, contrary to earlier claim that Alhaji Muhammad Bashir Saidu had been exonerated of all charges after 10 months of investigation.

 

 

The court document stated that sometime in March 2022 or thereabouts, Alhaji Muhammad Bashir Saidu, who at that time Commissioner of Finance, ‘’did accept cash payment of the sum of N155,000,000.00 from one Ibrahim Muktar exceeding the amount authorised by law, which sum you received in cash through proxy to wit: Muazu Abdu, your Special Assistant and you thereby committed an offence contrary to Section2(a) and punishable under the Section 19(d) of the Money Laundering(Prevention and Prohibition) Act, 2022.’’

 

 

The ICPC further alleged that in the same March 2022 or thereabouts, the former commissioner, ‘’indirectly took control of the sum of N155, 000,000.00 received in cash for and on behalf of you by one Muazu Abdul from Ibrahim Muktar, which fund you reasonably ought to have known formed part of the proceeds of an unlawful activity to wit: corruption and you hereby committed an offence contrary to section 18(2)(d) and punishable under Section 18(3) of the Money Laundering(Prevention and Prohibition) Act, 2022.’’

 

“Section 18(3) of the Money Laundering(Prevention and Prohibition) Act, 2022 states that ‘’any person who contravenes the provisions of subsection(2) is liable on conviction to imprisonment for a term of not less than four years but not more than fourteen years or a fine not less than five times the value of the proceeds of the crime or both.’’

 

 

The charge which was signed by the Assistant Chief Legal Officer of ICPC, Dr Osuobeni Ekoi Akponimisingha, was filed on Tuesday, January 7, 2025 at the Federal High Court in Kaduna.

 

Saidu was being investigated for allegedly laundering N3.96 billion and misappropriating N244 million during his tenure in the Kaduna State government.

 

The Kaduna State House of Assembly had also indicted El-Rufai’s government for allegedly syphoning state government funds to the tune of over N423 billion.

 

Daily Trust Newspaper.

 

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Breaking: John Dramani Mahama sworn in as Ghana’s President

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Mr. John Dramani Mahama has been officially sworn in as Ghana’s president at a grand inauguration ceremony held at the Black Star Square in Accra.

Thousands of Ghanaians, alongside dignitaries and global leaders, gathered to witness the historic event, which marked an important moment in Ghana’s democratic journey.

President Mahama, 65, assumes office after a decisive victory in last year’s presidential election, where he secured 56.6 percent of the vote against the New Patriotic Party’s (NPP) candidate, then Vice-President Dr Mahamudu Bawumia, who garnered 41.6 percent. This margin of victory is the largest seen in Ghana’s elections in 24 years, with a voter turnout of 60.9 percent.

Mahama replaces Nana Addo Dankwa Akufo-Addo, promising to address pressing issues such as economic challenges, corruption, unemployment, and the environmental damage caused by illegal mining, known locally as “galamsey.”

Historic return

Mr. Mahama’s inauguration is particularly significant as it represents a stunning political comeback. After serving as president from 2012 to 2017. Mahama lost the 2020 elections. His return to power has been hailed as a testament to his resilience and the electorate’s demand for change.

The victory also continues Ghana’s tradition of alternating power between the National Democratic Congress (NDC) and the NPP, with no party winning more than two consecutive terms since the return to multi-party democracy in 1992.

Oaths of Office

Mr. John Mahama and Vice-President-elect Professor Jane Naane Opoku Agyemang were administered the oaths of office by Chief Justice Gertrude Torkornoo with the latter taking her turn first in the ceremony which also doubled as a sitting of the ninth Parliament.

They took the Oath of Allegiance first followed by the Oaths for their respective Offices as President and Vice President.

Inaugural address

In his inaugural speech, President Mahama addressed key national issues, outlining his vision for the future of Ghana.

Looking ahead

The challenges facing Mahama’s administration are significant. During his previous tenure, Ghana grappled with economic difficulties, persistent power cuts, and corruption scandals. Many Ghanaians are hopeful that his return will herald a new era of progress and accountability.

As the nation enters this new chapter under President Mahama’s leadership, all eyes are on his administration to deliver on its promises and restore hope to the Ghanaian people. The coming months will be critical in shaping the legacy of his unprecedented third term.

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Bandits Were Two Kilometres Away From Where I Lodged – Governor Makinde Raises Alarm Over Influx Of Terrorists Into Oyo State

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The Oyo State governor, Seyi Makinde, has raised the alarm that bandits from the Northwest are fleeing to the southern state.

According to him, the development is due to a continued military onslaught in the Northwestern region which has forced the bandits to flee to Ibadan, the state capital.

He made this assertion at the 2025 annual inter-faith service for workers held in Agodi area of Ibadan, the state capital.

Makinde, however, vowed to smoke out the fleeing bandits and deal with them.

He said: “The year 2024 was challenging, particularly in terms of safety and security.

“We had incidents of fire outbreaks, armed robberies, and kidnappings. However, in 2025, we will redouble our efforts to address these issues.”

“During a security briefing this morning, I learned that some bad elements from the North-West are relocating here due to military heat in their zones. But we will find and deal with them.”

“During my birthday retreat, bandits had camped less than two kilometres from where I was staying.”

“This underscores the seriousness of the situation.”

The governor urged residents and traditional rulers to report any suspicious movements.

“To our traditional rulers, who are custodians of your domains, and to all residents, this is no joke. If you see suspicious movements, report them immediately.”

“For us in Oyo, bandits will have no foothold. I will not sleep until every inch of this state is safe,” Makinde noted.

Nigerian states especially in the Northern region are battling from activities of bandits and terrorists, a situation that has usually led to deaths, kidnappings, destructions and destabilisation of states.

 

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