1,500 Redeployed CBN Staff to Resume Work at Lagos Office February 2

 

The Central Bank of Nigeria has confirmed the relocation of at least 1,500 of its staff members.

 

CBN said the staff members would be resuming in the Lagos office on Friday.

 

Even with opposition, the CBN is forging ahead with its plans and the affected employees are expected to resume work by February 2.

 

In a memo issued to its staff, the CBN said the action was warranted by operational necessities and safety standards.

 

“This initiative aims to ensure compliance with building safety standards and enhance the efficient utilisation of our office space,” the memo reads.

 

The CBN Governor, Yemi Cardoso, identified departments, including Banking Supervision, Other Financial Institutions Supervision, Consumer Protection, Payment System Management, and Financial Policy Regulations, for relocation.

 

Recall that some northern groups and their elite recently condemned the relocation of the departments.

 

Displeasure was equally expressed by Northern senators and youths who viewed the move as a calculated attempt to disadvantage the North.