In a bid to stop people from losing their jobs during this pandemic period, the Central Bank of Nigeria and the banks in the country have agreed to shelve the planned sack of workers in the banking sector.

This was contained in a statement from the apex bank signed by Isaac Okorafor, director, corporate communications. He said the CBN, Bankers’ Committee both decided to suspend lay-offs in banks.

Following the backlash that greeted the video, the CBN on Sunday stated that, “in order to help minimize and mitigate the negative impact of the COVID-19 pandemic on families and livelihoods, no bank in Nigeria shall retrench or lay-off any staff of any cadre (including full-time and part-time).”