Close Menu

    Subscribe to Updates

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

    What's Hot

    PENGASSAN Begins Nationwide Strike Over Mass Sack At Dangote Refinery

    September 28, 2025

    Ex- Police Service Commission Chair, Osayande Dies At 89

    September 28, 2025

    Ibadan Residents Troop Out For Ladoja’s Coronation As Olubadan

    September 26, 2025
    Facebook X (Twitter) Instagram
    Trending
    • PENGASSAN Begins Nationwide Strike Over Mass Sack At Dangote Refinery
    • Ex- Police Service Commission Chair, Osayande Dies At 89
    • Ibadan Residents Troop Out For Ladoja’s Coronation As Olubadan
    • Police Beef Up Security Ahead Of Olubadan Coronation Tomorrow
    • Enugu East Senator, Chukwu Dumps LP, Joins APC
    • Ibori Expresses Sadness Over Oscar Ibru’s Demise
    • Nexamont Acquires 21.4% Percent Stake In Royal Exchange PLC
    • Ibori Felicitates Ladoja on 81st Birthday, Olubadan Coronation
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Friday, October 3
    • 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

    PENGASSAN Begins Nationwide Strike Over Mass Sack At Dangote Refinery

    September 28, 2025
    Breaking News

    Ex- Police Service Commission Chair, Osayande Dies At 89

    September 28, 2025
    Breaking News

    Ibadan Residents Troop Out For Ladoja’s Coronation As Olubadan

    September 26, 2025
    Breaking News

    Police Beef Up Security Ahead Of Olubadan Coronation Tomorrow

    September 25, 2025
    Breaking News

    Enugu East Senator, Chukwu Dumps LP, Joins APC

    September 25, 2025
    Breaking News

    Ibori Expresses Sadness Over Oscar Ibru’s Demise

    September 25, 2025

    Subscribe to News

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

    Editor's Picks

    PENGASSAN Begins Nationwide Strike Over Mass Sack At Dangote Refinery

    September 28, 2025

    Ex- Police Service Commission Chair, Osayande Dies At 89

    September 28, 2025

    Ibadan Residents Troop Out For Ladoja’s Coronation As Olubadan

    September 26, 2025

    Police Beef Up Security Ahead Of Olubadan Coronation Tomorrow

    September 25, 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.