Business
FULL LIST: CBN moves 5 departments from Abuja to Lagos
The Central Bank of Nigeria (CBN) will move five departments from the nation’s capital, Abuja, to Lagos as part of efforts to ‘decongest’ its head office.
Recall that the apex bank had 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 circular dated 12th January from the director of the human resources department to all staff of the apex bank.
The move has generated mixed reactions, with some stakeholders, particularly from the north, opposing the move, while some other stakeholders support the development.
However, the CBN has not shown any sign of backtracking on its earlier announcement.
The departments set to be moved from Lagos to Abuja are:
- Banking supervision
- Other financial institutions supervision
- Consumer protection department
- Payment system management department
- Financial policy regulations department.
Despite the heavy criticism of the development, about 1,500 CBN staff are reportedly set to resume the Lagos office of the apex bank by February 2, 2024.
