The Central Bank of Nigeria (CBN) has debunked claims that its recently introduced early exit package is targeted at staff members from Northern Nigeria, describing the allegations as “false, divisive, and entirely misleading.”

Speaking during a media briefing in Abuja on Tuesday, the CBN Deputy Governor (Corporate Services), Bala Bello, clarified that the voluntary retirement initiative was part of an internal restructuring plan aimed at repositioning the apex bank for greater efficiency and was open to eligible staff across all regions without discrimination.

“The exit package is not in any way regionally motivated,” Bello stated. “It is a voluntary program designed to streamline our operations, reduce redundancy, and realign our human resources in line with global best practices.”

Rumours had surfaced on social media alleging that the policy disproportionately affected northern employees, sparking outrage among some civil society groups and regional stakeholders who accused the CBN of ethnic bias in its internal reforms.

But Bello dismissed such narratives, urging the public to avoid politicising institutional processes. He emphasized that the CBN remains committed to upholding merit, equity, and inclusivity in all its policies and staffing decisions.

“As an institution with national responsibility, the Central Bank does not and will not operate on the basis of ethnicity, religion, or regional affiliation. Our goal is to build a stronger, more effective organisation for all Nigerians,” he added.

Industry experts have supported the CBN’s restructuring efforts, noting that early exit packages are standard practice in large institutions seeking to innovate and adapt to changing operational demands.

The apex bank is currently undergoing a broad review of its structure and workforce under the leadership of Governor Olayemi Cardoso, who has pledged to improve transparency, enhance policy implementation, and rebuild public trust.

As tensions ease, stakeholders have called for greater communication around CBN policies to prevent the spread of misinformation and maintain public confidence in Nigeria’s financial system.