Some of the affected staff, who are not happy with the paltry amounts being given to them, have vowed to expose the underhand deals done by the bank.
Insiders say the FBN and its subsidiary, In-Sourcing Limited, might have colluded with Whyte Cleon to run a clandestine HR syndicate using topnotch officials of the bank.
With so many problems unresolved in the National Youths Service Corps scheme, many now wonder if the programme is still serving the purpose for which it was established.
Under Schedule 4 (1ix) of the CBN Guidelines (2014), the paying organisations are to bear the cost of electronic salary transactions without passing it to beneficiaries.
Dele Giwa, a foremost Nigerian journalist and one of the founders of Newswatch Magazine, was murdered on October 19, 1986.
After putting in between 15 - 20 years, the staff challenged the bank to provide evidence of the documentation it carried out before sacking them without any form of compensation.
The FBN’s Head, Media and External Communications, Babatunde Lasaki, confirmed the sack but said it is in line with global best practice. He said the sacked staff failed key performance test.