JUST IN ! CBN Revokes license of Popular Commercial Bank

List of CBN Departments Moving to Lagos Emerge

News - Women's Perspective

In an effort to “decongest” the Abuja headquarters of the Central Bank of Nigeria (CBN), the management has revealed that it is set to move 5 departments to its Lagos head office.

A few days ago, the apex bank revealed plans to move some staff from Abuja to Lagos in order to align with building safety standards and enhance office space efficiency.

This was contained in a memo addressed to all staff and dated 12th January from the director of the human resources department.

The move has generated mixed reactions, with some stakeholders, particularly from the north, opposing the move, while some other stakeholders support the development.

The former Emir of Kano, Sanusi Lamido Sanusi hailed the move saying he would have done it during his tenure as the bank’s governor but was restrained by strong contenders.

Nonetheless, the CBN has not shown any sign of backtracking on its earlier announcement.

According to The Nation, the departments set to be moved from Lagos to Abuja are:

1. Banking supervision

2. Other financial institutions supervision

3. Consumer protection department

4. Payment system management department

5. Financial policy regulations department.

Meanwhile, about 1,500 CBN staff are reportedly set to resume in Lagos State on Friday due to the relocation of some departments of the apex bank.

Sources in the bank told Punch that though the move was heavily criticised, it was still in motion and affected staffers would be resuming on Friday, 2nd February.

Yes, the plan is still on and they will resume work by February 2, which is the first week of next month,” an official said.

Another source who spoke to the publication said that some of the affected staffers had started relocating to Lagos.

Some have already gone ahead. Over 80 per cent of the Banking Supervision Department staff have been redeployed and the same for the Payment System Department,” the source hinted.

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