Full List of CBN Departments to be Moved From Abuja to Lagos as 1,500 Staff Resumes on Friday

Full List of CBN Departments to be Moved From Abuja to Lagos as 1,500 Staff Resumes on Friday

  • The Central Bank of Nigeria has begun plans to move its staff from Abuja to Lagos.
  • By Friday, sources said that at least 1,500 members of staff will resume its Lagos office
  • The decision is being contended by some groups that oppose the resettlement of crucial sections of CBN in Lagos

Legit.ng journalist Zainab Iwayemi has over three years of experience covering the Economy, Technology, and Capital Market.

The Central Bank of Nigeria (CBN) has commenced a move to relocate its head office from Abuja to Lagos.

Full list of CBN department to be moved from Abuja to Lagos
At least 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office. Photo Credit: CBN
Source: UGC

Following their redeployment from the headquarters, the Punch reported that at least 1,500 staff members of the CBN will resume at its Lagos office on Friday.

The apex bank earlier announced this in a January 12, 2023, circular from the HR director to all employees.

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The move aims to improve office space efficiency and comply with building safety regulations.

The circular stated that after repeated warnings from the facilities manager and suggestions from the committee on decongestion of the CBN head office building, the decision was made due to safety concerns, increasing risks of health and accidents, and the need to comply with building requirements.

However, this was met with diverse reactions from many across the country.

Legit.ng reported that the former CBN governor, Sanusi Lamido Sanusi, approved the decision of the apex bank to relocate key departments from Abuja to its Lagos office.

In another report, the Arewa Consultative Forum (ACF), a pro-northern socio-political group, has expressed its strong opposition to the resettlement of crucial sections of the CBN and the Federal Airports Authority of Nigeria (FAAN) to Lagos from the Federal Capital Territory by President Tinubu.

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Tinubu to relocate Nigeria's capital to Lagos? Senator Shehu Sani reacts

According to the Nation report, here's a list of departments moving to Lagos:

1. Banking supervision

2. Other financial institutions supervision

3. Consumer protection department

4. Payment system management department

5. Financial policy regulations department.

CBN reportedly redeploys 8 top directors; others in "housecleaning" move

Legit.ng reported that the CBN may have discreetly redeployed top officials in the apex bank as part of moves to reinvigorate the institution.

Some of the affected staff confirmed the development to The Guardian.

This is as Olayemi Cardoso, the CBN Governor, commenced housecleaning to audit staff and fish out personnel not considered suitable for their role in line with the bank's new direction.

Source: Legit.ng

Authors:
Zainab Iwayemi avatar

Zainab Iwayemi (Business Editor) Zainab Iwayemi is a business journalist with over 5 years experience reporting activities in the stock market, tech, insurance, banking, and oil and gas sectors. She holds a Bachelor of Science (B.sc) degree in Sociology from the University of Ilorin, Kwara State. Before Legit.ng, she worked as a financial analyst at Nairametrics where she was rewarded for outstanding performance. She can be reached via zainab.iwayemi@corp.legit.ng

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