The National Industrial Court of Nigeria in Abuja, NICN, has ordered the Central Bank of Nigeria, CBN, to pay a N620,000 fine for delaying proceedings in the suits filed by 62 disengaged staff members challenging their termination.
Justice Osatohanmwen Obaseki-Osaghae issued the order on Thursday, after the counsel for the former employees, Ola Olanipekun, complained that the bank’s late filing of a fresh application had forced an unnecessary adjournment in a matter scheduled for hearing.
Reports say the 62 former staff, who filed separate suits now pending before the court, are urging the NICN to nullify their termination letters dated May 23, 2024, which were issued under the heading “Re-Organisation”.
They say the action violated the CBN Act 2007 and the bank’s internal human resource policies, rendering the sack unlawful and void.