1,500 Redeployed CBN Employees To Resume Work At Lagos Office Friday

Following their relocation from the Abuja headquarters, at least 1,500 Central Bank of Nigeria (CBN) employees will begin work at the Lagos branch on Friday, February 2.

The departments penciled down for relocation by the CBN Governor, Yemi Cardoso include Banking Supervision, other financial institutions supervision, consumer protection department, payment system management department, and financial policy regulations department.

A source told Economic Confidential that despite facing criticism, the relocation plan is proceeding, with affected staff scheduled to resume their duties on Friday.

According to the source, the plan is still on and the affected employees will resume work by February 2, which is the first week of next month.

The decision by the new management to move parts of CBN’s divisions to the nation’s economic centre for worker safety, greater productivity, and head office decongest the context for the most recent development.

The apex bank said several reasons led to the decision, including the need to realign the bank’s organizational structure with its goals and missions and reallocate expertise to achieve a more equitable distribution of talent across geographies.

It further said it complied with construction codes, as demonstrated by the facility manager’s repeated warnings, the Committee on Decongestion of the CBN Head Office’s findings, and its recommendations.