Cardoso: 1,000 CBN Staff Exited Voluntarily with Full Benefits Recapitalisation: Analysts foresee mergers of tier-2 banks
Nume Ekeghe in Lagos and Juliet Akoje in Abuja
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, yesterday, said the apex bank's staff who left service in December last
year initiated their voluntary disengagement with payment of full benefits. Cardoso, who said this during the resumed investigative hearing to probe the disengagement of the 1,000 workers and how the N50 billion
terminal benefits was arrived at for them, noted that the 1,000 members of staff who were disengaged were not forced to quit. This emerged as analysts yesterday predicted a wave of mergers among the tier-2 banks as more financial
institutions take steps to beat the recapitalisation directive of the CBN. The investigative hearing to probe the disengagement of the 1,000 staff of the apex bank was held at the instance of the House of Representatives Ad-hoc Committee
to probe the matter, chaired by Hon. Usman Bello Kumo. The CBN Governor who was represented by the Deputy Director Corporate Service, Mr. Bala Bello, stated that the issue of the early exit programme and the restructuring
as well as reorganisation was to optimise the bank for enhanced efficiency. He said: "They are ways and means through which the Continued on page 5
Court Orders Temporary Seizure of 21 Bank Accounts over Alleged Money Laundering...
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Saturday January 4, 2025 Vol 29. No 10863
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IGP Egbetokun: We Will Not Tolerate Killing, Assault of Officers...
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Shettima: Nigeria’s Economy Recovering, Anticipates Bumper Harvest in 2025 Declares FG’s reforms creating employment opportunities Flags off distribution of tractors to farmers in Nasarawa
Deji Elumoye in Abuja and Igbawase Ukumba in Lafia
Vice President Kashim Shettima, yesterday said the Nigerian economy
was recovering, even as he anticipated a bumper harvest this year. Shettima was also optimistic that ongoing reforms initiated by the administration of President Bola
Tinubu were such that would create employment opportunities for the youths as well as provide greater opportunities in various sectors of the economy.
He said this during the distribution of the tractors and sharing of relief items to victims of the 2024 flood disaster at the Government House at Lafia, Nasarawa State, describing the
State as an agricultural powerhouse of the nation. Shettima at the occasion inaugurated the distribution of tractors to 13 Local Government
Areas and some selected individual farmers in preparation for the 2025 rainy season in the State. Continued on page 5
Wike to Rivers Elders: I Will Not Apologise to Odili
Says he never converted state to personal estate Urges his supporters to remain calm Rivers elders tackle FCT minister, declare his behaviour affront to values of respect, unity Insist Odili has no need for ‘resurrection,’ patronage Blessing Ibunge in Port Harcourt and Wale Igbintade in Lagos The Minister of Federal Capital Territory (FCT), Nyesom Wike yesterday stressed that he would not tender an apology to former Governor of Rivers State, Dr. Peter Odili over recent negative remarks he made against the elder statesman. The FCT Minister said this at a luncheon he organised for his political associates and stakeholders at his residence in Port Harcourt. Wike was reacting to a call earlier yesterday, by some elders in Rivers State, under the aegis of Concerned Elders of Rivers State for him to tender an unreserved apology to Odili, following his recent derogatory remarks against the founder of PAMO University of Medical Sciences. Wike, once more, alleged that Odili switched an appointment meant for his Continued on page 5
PRESIDENT VISITS OBA OF LAGOS...
L-R: Chief of Staff to the President, Hon. Femi Gbajabiamila; Group Chief Executive of Oando Plc, Wale Tinubu; Oba of Lagos, Oba Rilwan Akiolu; President Bola Tinubu, and Founder, BUA Group, Abdul Samad Rabiu, during a courtesy visit by the President to the traditional ruler at his Iga Idunganran Palace in Lagos…yesterday