₦airaland Forum

DMerciful:
You guys think you're wiser, continue!

We are talking of banking activities here..Counter my post intelligently.

papyjaypaul:
Ask Unity bank how far

You sabi unity bank story well well...Even with their northern influence, they couldn't cope till they relocated their head office to Lagos.

madridguy:
You think the reasons given is genuine? To me I don't believe it because I see no reason why CBN will claim they're paying some staffs to come to Lagos, rent hotels for them bla bla bla and they're trying to cut cost.... What happened to the CBN staffs in Lagos? I believe there's CBN offices all over Nigeria...

Banking supervision is done by CBN headquarters..Its beyond what CBN in every state does..Lagos CBN is just like regular CBN branches in other states and the only thing they do is to handle cash...Even banks send their daily vault and other reports to CBN headquarter in Abuja.

jchioma:
These people are crying wolf because they feel shortchanged now. All the disastrous decisions Buhari made we did not hear their opposition and threats.

CBN must be relocated to Lagos, reasons given were plausible. In fact all government and multinational corporations doing business in Nigeria should be domiciled at their

This is why you have miners doing operations somewhere else but storing dynamites elsewhere.

Let oil companies go back to the Niger Delta!

FAAN has been moved to Lagos already.

These northerners don't know anything. To them, everything is power and more power. All bank headquarters are in Lagos.70% of banking activities in Nigeria are done in Lagos. Cbn staff go to Lagos for inspection and at times spend 2 months there and would be lodged in the hotel and they will also collect out of station allowance which is waste. Being in Lagos will give them more time to monitor these banks very well..From the loan they disburse to form M they approve and cbn running cost will reduce.

Go and hold your state governors and local government chairmen accountable now before they finish the money.

SalamRushdie:
They should also arrest the Governor of Nassarawa state

That one get immunity

Team Wike and Team Fubara are just misbehaving in Rivers state.

coputa:
Nobody will take this insolence, Wike picked him as his anointed candidate, bought form for him and rigged the election in his favour.

They must have signed agreement regarding this,why the sudden turn around.

Wike made a lot of sacrifices to make sure this ingrate becomes a governor.

Fubara now turned back and stabbed Wike from behind,he bit the fingers that fed him.

Fubara is not fit to be in government house

Have you forgotten that Fubara didn't say any word at the campaign ground..Wike did everything for him...If not for Wike, Fubara can never become a local government chairman.
Wike took all the arrows for him and less than a year, he has started behaving like this.smh

See the audacity.
Na Northerners go kill this country laslas

DMerciful:
Is there pipe borne water, decent schools, hospitals there? These are their core mandate

Yes they have.....At least we are seeing what he is using his allocation for.

PassingShot:
We southerners are many times unreasonable. Abuja is the FCT and so all ministries should be headquartered there.

Have you thought of what another president from the North can do to those ministries getting moved to Lagos?

I think what the CBN governor wants to achieve here is to reduce their overhead cost.For instance, all banks are headquartered in Lagos and Lagos is where almost 70% of banking activities in the country take place. Now look at it, because of proper supervision, cbn staff will come to Lagos to supervise these banks and collect out of station allowances and hotel accommodation running into millions of naira. At times, they will be in Lagos for 2 to 3 months. I see this as a waste. When they go back to Abuja, the money they collect is at times 4 of their monthly salary.

Acidosis:
...and the only way to stop dollar racketeering is to relocate an entire institution? Really?

Please read very well
..They are not relocating the entire CBN..Only some departments are going to be relocated.

DMerciful:
These will be stolen eventually. This is not what government do but private companies. Government fix roads, drainage, pipe borne water, health services, schools.

Encourage companies to invest in transportation but not be involved in buying vehicles that government cannot run profitably or successfully

Did you read the post?Its an empowerment meaning it is going to be giving out to beneficiaries free.This is an opportunity for you to start asking your state governors and local government chairmen what they do with their monthly allocations.

Bluntemperor:
Can you see a SAN- too!
Then this Arise TV couldn't asked - why are all Military, including the DIc ,were situated in Kaduna and other Northerners States,why Not in the South?
Can we relocate them now to other parts of Nigeria?
Why are the Northerners always in fear, whenever they feel threatened?
Mr SAN- there is a different of moving Departments,Not the CBN Headquarters-to Lagos- please Corrections be made,at the ARISE TV, because you are already turning it to Political arena!
-These few Northern elites - always want to turn things upside down,for their own Selfishness!
•But they couldn't tell the Northern People that their Governors are collecting the -NBILLIONS as --------------Palliatives,
-Quarterly Federation Money and ---------Yearly Budgets Money,but no show to the poverty in that region!
I don't blame them,but the Southerners are always too timid and collaborators to deceived their People!

They will all fail....Southerners are fully in charge of this government..
I want them to be weakened politically...Let Supreme Court be in all geo political zones, let presidency be rotated among the 6 geo political zones too..

meolaniyi:
its yoruba rurn to get the dollars abi?

No it's your peoples turn

Paraman:
Hope you will be ready to bet your money on this? Tinubu will rule till 2031.

FAAN has been moved to Lagos while the CBN staffs have been transfered to different branches across Nigeria.

If them born the CBN staffs well, make them reject transfers na...They want to be going to Lagos and collect 2 months out of station allowance with hotel accommodation.

JASONjnr:
Tinubu will indirectly and quietly divide the country to have south west independent of Nigeria's need.

No matter how bad Tinubu may be, he is out to weaken the northerners' grip on Nigeria's resources which is good for the Southerners.

Madeade:
The north is really pained by this move...

So is the north now claiming Abuja or what?

Abuja is like their play ground unlike Lagos.

This is long overdue due to our currency that has lost value since the last recapitalization.

The era of northerners getting dollars easily from CBN is gone..That is the pain of the northerners.

hafeeanubasy:
They will now hide behind one faceless NORTHERN GROUP!

Exactly...It's that out of station allowance that they want to be enjoying.CBN just wants to reduce their operating cost now and it's good for our economy.

This is not going to happen..USA will die there

Hpesoj:
PhD holder? This is even more funny.

Why is it funny?

Hpesoj:
Kwankwaso and competence in the same sentence? Lol

I was in Kano when he was the governor and I saw what he did there.Lots of projects and he is a Ph.D. holder.

aribisala0:
You were
Learn how to communicate properly
Learn to say you were wrong with grace and stop silly and unnecessary arguments

This clearly shows the kind of person you are.
I'm not going to insult you.

"CBn can be in Lagos afterall we have all banks headquarters in Lagos"

What does the above quote mean to you?

aribisala0:
Yes but we are not in any shape or form.discussing moving headquarters.are we?

If you read my post very well, you should know I wasn't explicit about the CBN moving it's headquarters to Lagos.

aribisala0:
Actually the discussion is not about moving CBN Headquarters

Not at all....

Did you read my first post and the person I quoted's response..

Biodun556:
Some CBN staff enjoy flight, hotel and feeding allowance so they prefer to stay in Abuja and come to Lagos for inspection

During inspection period, you will see them in Lagos for 2 months lodging in hotels and enjoying out of station allowance o.its not easy to stop it.We know those enjoying it will surely fight back.

SmartPolician:
Oga, they should decentralise this country.

Every organisation shouldn't have its headquarters in Lagos and you don't expect a chaos. Lagos is already a hellhole. People waste productive time in traffic and complain bitterly, but they can do nothing about it.

If we had a serious government, they will ask organisations to strategically move their headquarters across regions in the country and enjoy massive government support. This is how America spread its wealth, and not concentrate it around one state.

We are discussing CBN moving it's headquarters here.Where would they have moved CBN headquarter to if not Lagos after Abuja?Do you mean all bank headquarters should be in different states?

SmartPolician:
Lagos is already full. Besides, Nigéria has 36 states and the FCT. Stop the obsession with Lagos and the FCT. Move things to other regions across Nigeria to benefit from government presence.

How many bank headquarters are in other states asides Lagos?Their reasons for moving it to Lagos is justifiable.

CBN headquarters can even be in Lagos being the economic powerhouse of the country after all,we have all national bank headquarters in Lagos which CBN is supposed to supervise..Now having some critical departments of CBN in Abuja won't make the CBN effectively monitor the banks.

There was a time when Unity Bank had its headquarters in Abuja because of northern influence on the bank. But for sustainability and more business opportunities, they had to move their headquarters to Lagos.

Fubara is naive and Wike knows this.