NewStats: 3,262,949 , 8,178,615 topics. Date: Wednesday, 04 June 2025 at 07:54 AM 2h5s62

Some sacked Directors of the Central Bank of Nigeria (CBN) have approached an Abuja Division of the National Industrial Court of Nigeria (NICN) seeking an interlocutory injunction to restrain the bank from replacing them.

The sacked directors who are claimants/applicants in a motion on notice filed on Monday insisted their employments were “unlawfully terminated” by the bank “without a valid reason.”

The CBN was listed as sole defendant/respondent in the motion filed on behalf of the dismissed directors by the Isa Mohammed & Associates (El-Shuayb Law Firm).

In March this year, Daily Trust had reported that not less than 27 of staff, most of them directors at the CBN, were affected by the first batch of reorganisation by the financial institution.

Amongst those affected were eight directors, 10 deputy directors, five assistant directors, two principal managers and two senior managers.

The CBN relieved 17 directors inherited by the new governor, Olayemi Cardoso, with four others recently retired on attaining the statutory retirement age of 60.

The bank, however, made a move to replace the sacked directors by recently advertising various vacancies in the national dailies.

The directors faulted their sack, insisting it was against the civil service rule. They have filed a case which is still pending before the court.

They sought for an order of interlocutory injunction restraining the bank from filling the vacancies in the director’s cadre.

In the motion on notice brought pursuant to Order 22 Rule 1 and 2 of the National Industrial Court Civil Procedure Rules, 2027 and under the Inherent Jurisdiction of the court, the applicants prayed the court for an order of “interlocutory injunction restraining the defendants/respondents whether by itself, its agents, servants, and; or privies or anybody acting on its behalf or receiving directives from it from filling the vacancy of whatever kind to the Director Cadre, or taking any step whatsoever to so recruit, arising from the unlawful termination of the Claimant’s appointment….”

The claimants argued that “it is trite that an employer can only terminate an employees’ appointment without a notice or payment in lieu of notice when the conduct of the employee is of a serious and weighty nature.”

“This will include offences with a criminal element such as fraud. The claimants not having being found wanting approach this Honorable court for redress.

“The defendants have been making efforts to fill the vacancy created by the unlawful termination of the Claimants’ appointment, without having regards to the pendency of the suit filed before this Honorable Court by the claimants, hence our application to this Honorable Court,” the application read.

https://dailytrust.com/sacked-directors-ask-court-to-stop-cbn-from-replacing-them/#google_vignette

Nlfpmod

So, some directors wey CBN don sack don carry matter go court for Abuja. Dem dey seek make dem stop CBN from replacing dem. E be like say dem no gree with how dem take remove dem, and dem wan hold on to dia positions until everything clear.

This whole situation fit cause some gbege about governance for financial institutions. If dem win, e fit change how similar cases go dey handled in the future. Na serious matter wey we go follow closely!

So those vacancies should remain vacant because the sacked directors have gone to court? Are they just occupying those offices to be earning salaries or there are work to be done by the directors?

If there are important jobs to be done by these directors in those offices, I see no reason the offices should remain vacant to the detriment of the system. But if however, those offices exist only for the occupants to be earning salaries, then the court can grant their request until all matters are resolved.

Baba has extended his dirty politics to every sector.

Interesting

They were useless

COMRADES are speechless, why don't they want to go? They came in through the political connections

CBN, one organization that will never for recruitment because their staff are immortals that cannot die or retire. Now the sacked ones don't want to be replaced.

Welcome to naija

Jostoman:
Baba has extended his dirty politics to every sector.

In Igboland, can an Ebonyi, Enugu or Imo man get work in Anambra civil service?

Humanity78:
That's not fair

Was their appointment and recruitment fair?

BetMark:
So, some directors wey CBN don sack don carry matter go court for Abuja. Dem dey seek make dem stop CBN from replacing dem. E be like say dem no gree with how dem take remove dem, and dem wan hold on to dia positions until everything clear.

This whole situation fit cause some gbege about governance for financial institutions. If dem win, e fit change how similar cases go dey handled in the future. Na serious matter wey we go follow closely!

nice summary with pigin

ways and means CBN directors are on track for continuation of printing of the devalued papers.

They never beleful

Cardoso should know better u can't just wake up and sack people for no reason and if there's a reason then follow due process.

So tinubu's plan of sacking the CBN directors was to replace them with his godson's who will help him steal funds from the bank.

Emefiele gang

Shouldn't these ones just go and enjoy their loot😂😂

Dem no know say dem fit comot their hand from the cooky-jar.

Some of them get Children for Foreign Universities wen dem dey use Nigeria Fund their lifestyle.

While some dey use Nigeria fund their wayward lifestyle.

Well, day don break, make dem use water wash their eyes cos matter don reach their side ooo, if na corrupt money dem dey chop before, na now dem go now say no Champion forever.

Closely!

BetMark:
So, some directors wey CBN don sack don carry matter go court for Abuja. Dem dey seek make dem stop CBN from replacing dem. E be like say dem no gree with how dem take remove dem, and dem wan hold on to dia positions until everything clear.

This whole situation fit cause some gbege about governance for financial institutions. If dem win, e fit change how similar cases go dey handled in the future. Na serious matter wey we go follow closely!

Nigeria is just becoming a big disgrace more and more. What is Cardoso and CBN doing about the crumbling naira and very high inflation? Because we are not seeing any positive sign from the CBN

Jostoman:
Baba has extended his dirty politics to every sector.

Only an incoherent bitter filled Eyepobian will make such a ludicrous statement.

These sacked directors are very very very corrupt. I was opportuned to know one of them personally. Lots of things were recovered from them running into several billions of naira it was quite interesting.

But the problem is, Tinubu sacked them not because they're corrupt, but because of political reasons. We know why they were sacked and it's a good thing because I expected it. But the fact that their replacement will be worse ten folds and nothing will happen to them is a problem

In Nigeria everyone is going to court.
Governors going to court to stop EFCC
Wike going to court to stop PDP from sacking him
Abure going to court to remain LP chairman
Sacked CBN director going to court to maintain maintain their jobs
Politicians both winners and losers go to court

Mainly because everyone knows that justice can be bought in Nigeria

Nigeria is sinking gradually

Ok

Everything is now challenged at the court whether just or otherwise.

Court country

this country is already damaged, if not they should be thanking God that they weren't summarily executed like in China

Lol