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Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos - Politics - Nairaland

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Sanusi Backs Relocation Of CBN Units, Departments To Lagos / Northern Elders Reject Relocation Of CBN ‘Key Departments’ To Lagos / CBN Moves Departments To Lagos State (2) (3) (4)

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Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by Sundaland: 4:59pm On Jan 13
There is growing disquiet within the Central Bank of Nigeria (CBN) following revelations of plans by the new management to relocate major departments from the Abuja headquarters to the former headquarters in Lagos.

The decision, spearheaded by the newly appointed CBN Governor Yemi Cardoso who was a former commissioner in Lagos State, has reportedly unsettled staff members, particularly married women, leading to discontent within the institution.

The targeted departments for relocation include Banking Supervision (DBS), Other Financial Institutions Supervision (OFISD), Consumer Protection Department (CPD), Payment System Management Department (PSMD), and Financial Policy Regulations Department (FPRD).
A substantial workforce of 1,533 employees is expected to be affected by this massive redeployment.

Sources within the CBN expressed concerns about the potential consequences of such a move, emphasizing the pivotal roles these departments play in the institution.

Read on..
https://dailypostngr.com/2024/01/disquiet-in-cbn-as-new-management-plans-relocation-of-major-departments-to-lagos/

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by Sundaland: 5:00pm On Jan 13
My take on this is whatever is necessary for the system to work well and alleviate sufferings among all, let it happen!

3 Likes

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by kettykin: 5:08pm On Jan 13
It seems this is all he has to offer, no economic policy , how will relocation of cbn lead to economic revamp

2 Likes 1 Share

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by seanfer(m): 5:09pm On Jan 13
If it will give the masses the best banking and economical results, the relocation should be fast.
Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by seanfer(m): 5:10pm On Jan 13
kettykin:
It seems this is all he has to offer, no economic policy , how will relocation of cbn lead to economic revamp

Not the whole CBN will be relocated..... Ask yourself the Banks head office is in Lagos, but the department to monitor them is in Abuja.

13 Likes 2 Shares

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by kettykin: 5:13pm On Jan 13
seanfer:


Not the whole CBN will be relocated..... Ask yourself the Banks head office is in Lagos, but the department to monitor them is in Abuja.

What exactly are banks head offices doing in Lagos? Isn't Abuja the capital of Nigeria.

10 Likes 2 Shares

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by matify83: 5:18pm On Jan 13
What's the essence of decentralizing the headquarters after it took so much efforts and financial resources to move from Lagos to Abuja.

This is not what Cardoso should be meddling into when he's yet to tame runaway inflation, unify the exchange rates and improve dollar liquidity.

This is like taking the hands of the clock backwards with such policy summersaults.

5 Likes 1 Share

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by seanfer(m): 5:19pm On Jan 13
kettykin:


What exactly are banks head offices doing in Lagos? Isn't Abuja the capital of Nigeria.


Abuja as the FCT does not mean the city is the economical hub of the country.. New York is the state in the USA where almost banks and stock dealings are happening and not Washington D.C which is the Capital of the country. Some banks move their Head offcie to Abuja some years back, they had to relocate back to lagos because only business in Abuja is government business compared to lagos.

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Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by kettykin: 5:25pm On Jan 13
seanfer:


Abuja as the FCT does not mean the city is the economical hub of the country.. New York is the state in the USA where almost banks and stock dealing are happening and not Washington D.C which is the Capital of the country. Some banks move their Head offcie to Abuja some years back, they had to relocate back to lagos because only business in Abuja is government business compared to lagos.

Thank you , some banks also have their Head offices in San Francisco, California like Wells Fargo, Bank of America is not in NY. Will the US treasury move critical offices to NY because of some clusters of bank Head offices in NY?
Lagos is no longer the capital of Nigeria, signature bank has its head office in Abuja , unity bank as well, there are hundreds of microfinance banks that has no business with Lagos.

5 Likes

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by Sundaland: 5:38pm On Jan 13
kettykin:


What exactly are banks head offices doing in Lagos? Isn't Abuja the capital of Nigeria.


Like saying - what are corporate headquarters of various businesses doing in New York when Washington DC is the capital of USA 🤔

1 Like

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by Seunpapa65: 5:50pm On Jan 13
I won't be surprised when they will tell us 10b was budget for the relocation

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Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by PrinceofSarcasm: 5:58pm On Jan 13
Is this what the CBN governor should be focusing on?
What is the essence of this ? How does this relocation which will obviously cost billions to implement make any sense?
Why move it back to Lagos ?.is the president planning on moving the Federal capital back to Lagos ?

Seems this government is not focused at all!!!

2 Likes

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by DMerciful(m): 6:02pm On Jan 13
Timing is wrong though to make this move. We are just coming of a political season where a mandate thief stole the election, so moving things to Lagos so soon seems thats one of his target
seanfer:


Not the whole CBN will be relocated..... Ask yourself the Banks head office is in Lagos, but the department to monitor them is in Abuja.

3 Likes

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by RenaissanceGuy: 6:39pm On Jan 13
Reading the details, you'll see that the management said that the building was designed for 2,700 employees, but there are now 4000+ occupying it. That's a very reasonable excuse. But I don't understand why the CBN structure doesn't have several buildings within the landmass? Its monolithic structure is outdated for a behemoth that it's supposed to be.

1 Like

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by Melagros(m): 6:42pm On Jan 13
Is not nice at all, could this move add value to the naira?
Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by kokoA(m): 6:46pm On Jan 13
I thought everything has gone online. Does physical presence really matter?

1 Like

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by techgen(m): 7:25pm On Jan 13
The move might make impact in the economy, especially deregulating the black market…the black market has been hijacked by the northerners due to close proximity to the head offices…taking it far, will actually reduce the cluster and hence discourage black market to a large extent.

Great move CBN✅

1 Like

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by OlujobaSamuel: 8:02pm On Jan 13
kettykin:


What exactly are banks head offices doing in Lagos? Isn't Abuja the capital of Nigeria.

When you have your own banking biz, site it in Borno.
All departments listed for transfer are monitoring/supervisory dept, not the policy dept.
The movement will definitely reduce cost as CBN is having an underutilized office in Lagos, for every time the CBN officials leave fct to check any bank out of state, they get estacode, logistics and other payments

4 Likes

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by seanfer(m): 8:30pm On Jan 13
DMerciful:
Timing is wrong though to make this move. We are just coming of a political season where a mandate thief stole the election, so moving things to Lagos so soon seems thats one of his target

You've choose to be bitter for the next 4-8 years about anything this government does, and that's unfortunately for you.

5 Likes 1 Share

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by seanfer(m): 8:33pm On Jan 13
kettykin:


Thank you , some banks also have their Head offices in San Francisco, California like Wells Fargo, Bank of America is not in NY. Will the US treasury move critical offices to NY because of some clusters of bank Head offices in NY?
Lagos is no longer the capital of Nigeria, signature bank has its head office in Abuja , unity bank as well, there are hundreds of microfinance banks that has no business with Lagos.
Do you know how many millions of naira CBN spend anytime staff in those departments choose to go to Lagos for their duty? The CBn office in Lagos is under utilized. Of this policy will save the country sizable amount of money then so be it. Why are the staff apprehensive about moving to Lagos if something is not wrong somewhere.

2 Likes

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by DMerciful(m): 8:34pm On Jan 13
But this govt has made you poorer but made me richer when i send money to Nigeria
seanfer:


You've choose to be bitter for the next 4-8 years about anything this government does, and that's unfortunately for you.

1 Like

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by MrEverest(m): 8:35pm On Jan 13
Hahaha, gradual transformation of Nigeria to Oduduwa republic grin
Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by MrEverest(m): 8:43pm On Jan 13
RenaissanceGuy:
Reading the details, you'll see that the management said that the building was designed for 2,700 employees, but there are now 4000+ occupying it. That's a very reasonable excuse. But I don't understand why the CBN structure doesn't have several buildings within the landmass? Its monolithic structure is outdated for a behemoth that it's supposed to be.

Lol, so they can't build more office blocks if they're lacking it? Maybe this Oduduwa government thinks other Nigerians, particularly Northerners are fools. After filling most offices with yorubas, Tinubu is now moving government offices back to Lagos.

Make una continue.
Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by Omowoolata: 8:55pm On Jan 13
MrEverest:


Lol, so they can't build more office blocks if they're lacking it? Maybe this Oduduwa government thinks other Nigerians, particularly Northerners are fools. After filling most offices with yorubas, Tinubu is now moving government offices back to Lagos.

Make una continue.
But Lagos is no man's land or why wailing grin grin

1 Like 1 Share

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by Abee79(m): 9:28pm On Jan 13
It is an internal matter . . . grin
Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by victorDanladi: 10:01pm On Jan 13
MrEverest:


Lol, so they can't build more office blocks if they're lacking it? Maybe this Oduduwa government thinks other Nigerians, particularly Northerners are fools. After filling most offices with yorubas, Tinubu is now moving government offices back to Lagos.

Make una continue.

Igbo has been speaking on behalf of the northerners in yoruba matter since 1900..especially when Tinubu is involved 😆

CBN has always had their HQ annex in lagos since.The annex below was even built newly by a NORTHERN CBN GOVERNOR LAMIDO SANUSI....NORTHERNERS ARE NOT JINGOIST LIKE YOU PEOPLE!

2 Likes

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by victorDanladi: 10:06pm On Jan 13
kettykin:
It seems this is all he has to offer, no economic policy , how will relocation of cbn lead to economic revamp

You lack knowledge !

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by flokii: 10:13pm On Jan 13
No more DTA or travel allowance for CBN workers cheesy

1 Like

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by Artscollection: 3:16am On Jan 14
seanfer:

Do you know how many millions of naira CBN spend anytime staff in those departments choose to go to Lagos for their duty? The CBn office in Lagos is under utilized. Of this policy will save the country sizable amount of money then so be it. Why are the staff apprehensive about moving to Lagos if something is not wrong somewhere.

Do you know what it will cost them to relocate that number of staffs n resources. The timing is very wrong,we are suppose to be saving n not wasting the limited resources available.
Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by OlujobaSamuel: 7:26am On Jan 14
victorDanladi:


You lack knowledge !
The funniest part is that there are security manning the underutilized building 247, they won't even allow you to drive through the street to link up with Marina from Broad street, they are always closing the road.

1 Like

Re: Disquiet In CBN Abuja After Reported Plan To Relocate Major Departments To Lagos by Friend22(m): 8:28am On Jan 14
kettykin:


What exactly are banks head offices doing in Lagos? Isn't Abuja the capital of Nigeria.


Learn to reason before your type?
Where is our nation highest commercial activity?
Abuja?
Learn to criticize with sense...

1 Like

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