The House of Representatives has decided to set up an ad-hoc committee to probe the mass retirement of 1,000 staff members of the Central Bank of Nigeria (CBN).

The lawmakers will also try to ascertain the N50bn payoff earmark for the settlement of the disengaged staff of the apex bank.

The resolution of the House followed the adoption of a motion of urgent public importance sponsored by the member representing Ohaozara/Oncha/Ivo Federal Constituency, Ebonyi State, Mr Kama Nkemkama.

The CBN is preparing to retire approximately 1,000 employees as part of its strategic workforce realignment.

Speaking on the motion titled, “Need to investigate the retirement of over 1,000 staff of the Central Bank of Nigeria and the associated N50bn payoff scheme,” Nkemkama urged his colleagues to support rise to the occasion and show adequate interest on the matter.

He noted that the House needs to probe “CBN’s announcement of a N50bn payoff scheme to compensate the affected staff, as part of its human resource reorganisation strategy.”

He added, “The House is concerned about the sudden mass retirement of over 1,000 staff, including directors and senior management.”