1,500 Redeployed CBN Staff Resume At Lagos Office

A national asset, CBN Headquarters, Abuja

Despite the criticism from northern groups, about 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office following their redeployment from the headquarters. 

According to Punch redeployed staffers will be resuming on Friday.

“Yes, the plan is still on and they will resume work by February 2, which is the first week of next month,” the newspaper quotes the source as saying.

The redeployment of the large tranche of staff is part of decision of the new management to relocate some of CBN’s departments to the country’s economic hub for staff safety, increased productivity, and to decongest its head office.

Among northern leaders who have condemned the relocation of certain units of the apex bank to Lagos is the Senator representing Borno South senatorial district, Ali Ndume, who has advised the Governor of the Central Bank of Nigeria, Dr Yemi Cardoso, to concentrate on strengthening the naira, rather than moving staff to Lagos.

The senator who admitted that he has a daughter working at the apex bank said Cardoso’s top priority should be to make Nigeria’s currency strong, rather than relocating the CBN to Lagos.

Reacting, Ndume told Daily Trust: “The CBN is supposed to concentrate on policies that are more important to Nigeria now. Under this CBN governor, dollar has gone up to N1,350 as at today; when he came in, it was not up to that, it was around N1,000 or less.

“What I want him (Cardoso) to do, or what Nigerians are expecting him, is to concentrate on how to bring the value of the naira up to what Mr President called one exchange rate. That is important.

“The primary responsibility of the CBN is not commercial; it is not a profit making agency. So, that’s not an excuse. This decision would have to be weighed seriously. I am sure the president will look into it. I am very confident that we will reverse this unpopular decision.”

Recall that he had also told Channels TV, that some ‘Lagos Boys’ have been misleading President Bola Tinubu to relocate CBN and FAAN departments to Lagos.

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