Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Tinubu Congratulates Shettima on NES Award

    September 7, 2025

    DSS Petitions X On Sowore’s Post Labeling Tinubu A Criminal

    September 7, 2025

    Angela Rayner Quits As Deputy Prime Minister

    September 5, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Tinubu Congratulates Shettima on NES Award
    • DSS Petitions X On Sowore’s Post Labeling Tinubu A Criminal
    • Angela Rayner Quits As Deputy Prime Minister
    • EFCC Declares Sujimoto CEO Wanted For Money Laundering
    • Sirika Denies Spending N100b On Failed Nigeria Air Project
    • Ex-IGP Solomon Arase Dies In Abuja
    • Colombian Vice-President Arrives Nigeria on 3-Day Working Visit
    • IGP Charges Sowore With False Publication, Forgery
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Sunday, September 7
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » CBN: Sacked Directors Ask Court To Stop Apex Bank From Replacing Them
    2 Mins ReadOctober 22, 2024

    CBN: Sacked Directors Ask Court To Stop Apex Bank From Replacing Them

    By TheScrutinyNGOctober 22, 2024No Comments2 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    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.”

    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.

    Author

    • TheScrutinyNG
      TheScrutinyNG

      View all posts
    CBN
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    TheScrutinyNG
    • Website

    Related Posts

    Breaking News

    Tinubu Congratulates Shettima on NES Award

    September 7, 2025
    Breaking News

    DSS Petitions X On Sowore’s Post Labeling Tinubu A Criminal

    September 7, 2025
    Breaking News

    Angela Rayner Quits As Deputy Prime Minister

    September 5, 2025
    Breaking News

    EFCC Declares Sujimoto CEO Wanted For Money Laundering

    September 5, 2025
    Aviation

    Sirika Denies Spending N100b On Failed Nigeria Air Project

    September 3, 2025
    Breaking News

    Ex-IGP Solomon Arase Dies In Abuja

    August 31, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    Tinubu Congratulates Shettima on NES Award

    September 7, 2025

    DSS Petitions X On Sowore’s Post Labeling Tinubu A Criminal

    September 7, 2025

    Angela Rayner Quits As Deputy Prime Minister

    September 5, 2025

    EFCC Declares Sujimoto CEO Wanted For Money Laundering

    September 5, 2025
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.