Home Business 1500 CBN Staff Resumes in Lagos Office Following Relocation Plan
BusinessNews

1500 CBN Staff Resumes in Lagos Office Following Relocation Plan

782

At least 1,500 Central Bank of Nigeria (CBN) staff members are set to resume work at the Lagos office on February 2, having been redeployed from the headquarters.

A source told Punch that the federal government’s decision to relocate some CBN departments from the nation’s capital to the already congested Lagos State is still on.

The CBN emphasised that the relocation is driven by various factors, including the need to align the bank’s structure with its functions, redistribute skills for geographical balance, and comply with building safety standards.

The decision was also influenced by warnings from the facility manager and recommendations from the Committee on Decongestion of the CBN Head Office. The relocation is reportedly aimed at reducing the headquarters occupancy level from 4,233 to 2,733 personnel.

A memo issued to staff reads: “This is to notify all staff members at the CBN Head Office that we have initiated a decongestion action plan designed to optimise the operational environment of the bank. This initiative aims to ensure compliance with building safety standards and enhance the efficient utilisation of our office space.”

The departments scheduled for relocation include Banking Supervision, Other Financial Institutions Supervision, Consumer Protection Department, Payment System Management Department, and Financial Policy Regulations Department.

Although the Northern Elders Forum earlier raised concerns about increased costs, talent loss, operational disruption, reduced coordination, economic disparities, and decreased investor confidence.

Despite these objections from forum and other Northern groups, CBN Governor Yemi Cardoso is committed to implementing the move.

Some affected staffers have already begun relocating to Lagos, with over 80 percent of the Banking Supervision Department and Payment System Department staff leading the way.

 

 

 

About The Author

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

FinanceNewsWorld

Niger’s Prime Minister Attends WAEMU Ministerial Meeting in Dakar as Burkina Faso Takes Over Council Presidency

Niger’s Prime Minister and Minister of Economy and Finance, Ali Mahamane Lamine...

Cooking Gas Kerosene Prices Increase
BusinessNews

Tinubu Regime Causes More Pain For Nigerians As Cooking Gas Prices Soar 40% In One Week

The price of refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG),...

News

Niger Parliamentary Delegation Visits Bamako to Strengthen Ties Within the CSSS

A parliamentary delegation from Niger has arrived in Bamako, Mali, as part...

News

AES Radio Set to Launch as Ministers Inspect New Facilities in Ouagadougou

Everything is in place for the launch of AES Radio, according to...