News
Mass Purge: Reps Demand Explanation from CBN on 1,000 Staff Dismissals
…N50 Billion Severance Payment
Fortress
Speaker of the House of Representatives, Hon. Tajudeen Abbas, PhD, has requested the Central Bank of Nigeria (CBN) to provide explanations for the recent dismissal of approximately 1,000 members of staff and the subsequent payment of a N50 billion severance package.
Speaker Abbas made the demands while declaring open an investigative hearing of the ad-hoc committee of the House, investigating the CBN’s termination/dismissal of members of staff on Thursday in Abuja.
He charged the ad hoc committee chaired by the Chief Whip of the House, Hon. Usman Bello Kumo to properly investigate the rationale behind the decision, particularly in light of the current economic challenges facing the country.
Represented at the event by the Deputy Speaker, Rt. Hon. Benjamin Okezie Kalu, Speaker Abbas emphasized the need for transparency in the matter, ensuring that the welfare and rights of the affected employees are protected.
Acknowledging the imperative of running a learner, more efficient government, and the inherent powers of the apex bank to determine its policies, Speaker Abbas however said there is a need to strike a balance against the welfare of the employees.
He also charged the committee to examine the process by which the N50 billion severance package was determined, ensuring that principles of due diligence, fairness, and due process were adhered to.
He said: “The committee has been tasked with examining several critical aspects of this issue. First, we aim to understand the rationale behind the decision to lay off over 1,000 staff members, particularly during these challenging economic times. The impact of such a significant workforce reduction on individuals, their families, and the broader economy cannot be overlooked.
“Furthermore, the committee will scrutinize the process through which the 50 billion Naira severance package was determined. We must ascertain whether the principles of due diligence, fairness, and due process were strictly adhered to in arriving at this figure.
“Transparency in such matters is key to maintaining public trust and ensuring the integrity of our institutions.
“As a legislative body, we recognise the widely accepted principle of running a leaner and more efficient government. We also understand the CBN’s prerogative in determining policies that align with its operational efficiency. However, such decisions must be balanced against the welfare and rights of employees, as well as the long-term implications for institutional stability.
“The House of Representatives cannot and will not remain silent when Nigerians feel aggrieved or when there are allegations of coercion or injustice against those who have been lawfully employed. We must provide a platform for all affected parties to be heard and to ensure that their concerns are addressed fairly and justly”.
Speaker Abas urged the CBN and other affected agencies of government to cooperate fully with the investigation, emphasizing the importance of restoring public trust and confidence in government institutions.
“Your cooperation is vital as we seek to uncover the facts, provide clarity to Nigerians, and ultimately restore confidence in the integrity of government institutions.
“As we proceed with this investigative hearing, let us remain steadfast in our commitment to justice, accountability, and the greater good of our nation. I hope that at the end of this hearing, all controversies will be cleared, and we can be assured that the CBN’s actions align with the principles of fairness, equity, and the rule of law”, the Speaker said.
By Gloria Ikibah
Nigeria and India have reaffirmed their commitment to deepening bilateral relations, with trade, consular matters, education and cultural cooperation taking centre stage during talks between their foreign ministers in New Delhi.
Nigeria’s Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, held bilateral discussions with India’s External Affairs Minister, Dr S. Jaishankar, on the sidelines of the 18th BRICS Leaders’ Summit hosted by India.
The summit is being held under the theme, “Building Resilience, Innovation, Cooperation and Sustainability.”
In a statement issued on Sunday, the minister’s Special Assistant on Communication and New Media, Dr Magnus Eze, said the welfare of Nigerians living in India was among the major issues discussed by the two ministers.
A key concern was the situation of Nigerians who have overstayed their visas. Odumegwu-Ojukwu appealed to the Indian authorities for an extension of the existing amnesty arrangement to allow affected Nigerians to return home voluntarily without facing penalties.
The ministers also discussed the possibility of concluding a bilateral Memorandum of Understanding on the Transfer of Sentenced Persons.
The proposed agreement would establish a framework for the humane and orderly transfer of eligible prisoners between Nigeria and India.
On economic relations, the two sides examined opportunities for increasing trade and investment, while stressing the importance of building stronger and mutually beneficial economic partnerships.
Education and cultural exchanges also featured in the discussions, with both countries recognising the sectors as important tools for strengthening people-to-people relations.
Greater cooperation in these areas, the statement said, is expected to promote mutual understanding while creating more opportunities for citizens of Nigeria and India.
The meeting formed part of Nigeria’s efforts to use its participation in the BRICS platform to strengthen bilateral partnerships, attract greater economic opportunities and advance South-South cooperation.
Nigeria’s engagement with India comes as both countries seek to broaden their areas of cooperation beyond traditional diplomatic relations, particularly in trade, investment, education and people-to-people exchanges.
By Gloria Ikibah
Nigeria is seeking to tap into India’s experience in technology and youth engagement as Vice-President Kashim Shettima leads the country’s delegation to the 18th BRICS Summit in New Delhi.
Vice President Shettima is representing President Bola Tinubu at the summit, where Nigeria is expected to pursue opportunities in trade, investment, agriculture, technology, manufacturing and industrial development.
The high-level Nigerian delegation includes the Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu; Minister of Industry, Trade and Investment, Jumoke Oduwole; Minister of Communications, Innovation and Digital Economy, Bosun Tijani; and Minister of Environment, Balarabe Lawal.
Nigeria became a BRICS partner country in January 2025 and has since used the platform to strengthen South-South cooperation and expand economic and diplomatic relations with major emerging economies.
A major focus of Nigeria’s engagement at the summit will be India’s progress in technology, artificial intelligence and the digital economy, particularly its approach to harnessing its large youthful population.
Odumegwu-Ojukwu said India’s experience offered important lessons for Nigeria, especially in agriculture, the digital economy, artificial intelligence and the participation of women in the technology sector.
She said Nigeria was determined to learn from India’s expertise and its “greatest strength” in engaging young people to promote innovation, economic growth and inclusive development.
The minister stressed that India’s ability to deploy technology while creating opportunities for its youthful population could provide useful ideas for Nigeria as it seeks to expand its digital economy and create more opportunities for its young people.
Beyond technology and youth development, Nigeria is expected to use its participation in the BRICS Summit to strengthen economic ties with India and other emerging economies.
The country will also seek to attract investment and expand cooperation in agriculture, manufacturing and industrial development as it explores ways of turning its BRICS partnership into tangible economic opportunities.
Nigeria’s participation underscores the Federal Government’s broader push to deepen engagement with emerging economies and strengthen partnerships capable of supporting technology-driven growth and sustainable development.
The Minister of the Federal Capital Territory (FCT), Barr. Nyesom Wike, has said President Bola Ahmed Tinubu is fully aware of his “Rainbow Coalition” and all his political activities.
Wike made the declaration on Tuesday night while speaking on Arise News Prime Time.
“There is nothing that I do that I don’t tell Mr. President,” he stated.
The FCT Minister said he was mobilizing support across party lines for the reelection of President Tinubu in 2027 under what he termed a “Rainbow Coalition.”
He has consistently maintained that his support is solely for the President, and not for the All Progressives Congress (APC), as a party.
Wike, a chieftain of the Peoples Democratic Party, (PDP), said his actions are not done in secret, stressing that the President is carried along at all times.
Wike also said he is not answerable to governors elected on the platform of the APC.
“I’m not answerable to APC governors.
“If people fail to learn from other people, they don’t grow. I took 31 days to commission projects in the FCT and they are not happy,” he added.
Turning to the Governor of Imo State, Hope Uzodimma, Wike said: “Hope Uzodimma should be lucky that I’m not in the APC. Hope fears for nothing.
“When I look at the APC governors who held the press conference, I see some people who are smart but politically lazy. Hope Uzodinma was the governor of Imo State, yet President Tinubu could not secure 10% of the votes there.
“Hope in his own state, Imo state, he was Governor. President Tinubu didn’t get 10% votes in the 2023 elections, but he took two senators and Labour Party took one senator. Is he saying Imo people were confused, or were they not confused?
“The governors of Osun, Anambra and Abia States are supporting the President reelection. Won’t they still support the candidates of their parties in other elections? So where is the confusion?”
Speaking about Rivers State, the Minister said; Becauseof our rainbow coalition, we no longer have Rivers of blood. There is no litigation on party candidates in Rivers State, unlike Imo State.”
When asked where else in the South-South the President can win, the Minister replied: “That can happen in Bayelsa State. The whole PDP there is working for the President. The founder of the NDC is not the founder of Bayelsa.”
“As I sit here today, I will tell you that the President will win in the FCT,” he added.
Nigeria-India Deepen Ties as Trade, Consular Issues Dominate BRICS Talks
Nigeria Eyes India’s Tech Edge, Youth Power at BRICS Summit
Wike: Tinubu privy to my rainbow coalition, says I’m not answerable to APC governors
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