NewStats: 3,264,071 , 8,182,495 topics. Date: Monday, 09 June 2025 at 02:29 PM 3m1n6m

The Central Bank of Nigeria is set to transfer some of its departments to Lagos State.

This was stated in an Internal memo made available to PUNCH Online on Saturday.

The move, according to an official of the CBN who spoke on condition of anonymity, is to decongest the apex bank’s head office.

Although some staff of the bank have reportedly resisted the transfer and claimed that it is motivated by tribal sentiment, the source said it is for their safety and increased productivity.

“What is happening now at the CBN is likened to a company with over 500 staff and say 200 used to go to work in other states and return to the head office. It is not out of place for the company to relocate them fully to that state to work and increase their safety and productivity,” he said.

The official stated that only some departments of the apex bank, including the Bank Supervision Department, were affected by the transfer.

He stated that the move is meant to increase the productivity of the affected staff while also cutting costs and ensuring their safety.

PUNCH Online gathered through the official that the departments penciled down for relocation by the CBN Governor, Yemi Cardoso are Banking Supervision; Other Financial Institutions Supervision; Consumer Protection Department; Payment System Management Department and Financial Policy Regulations Department.

”Most of the bank’s headquarters are in Lagos. The CBN usually sends staff from Abuja to work in Lagos for like one to two months and return to the head office.

“Being on the road all the time is not safe for them and not also cost-efficient for the bank. We know that anybody leaving their comfort would feel the pain, that is why some of the affected workers are complaining but I can assure you that, it is for their good,” he said.

He also noted that the carrying capacity of the Abuja office is 3 000 but the staff strength is at 4 000 now which is a threat to the facilities at the head office.

“Abuja office is designed to carry about 3 000 staff but we are 4 000 already. The facility managers have already warned of the implication; the security of staff is also at stake with the increased number because it overwhelms the managers,” the official stated.

Excerpts from the memo obtained read, “This is to notify all staff at the CBN Head Office that we have initiated a decongestion action plan designed to optimise the operational environment of the bank.

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

“This action is necessitated by several factors, including the need to align the Bank’s structure with its functions and objectives, redistribute skills to ensure a more even geographical spread of talent and comply with building regulations, as indicated by repeated warnings from the Facility Manager, and the findings and recommendations of the Committee on Decongestion of the CBN Head Office.

“The action plan focuses on optimising the utilisation of other Bank’s premises. With this plan, 1,533 staff will be moved to other CBN facilities within Abuja, Lagos and understaffed branches.

“Our current occupancy level of 4,233 significantly exceeds the optimal capacity of 2,700 designed for the Head Office building. This overcrowding poses several critical challenges:

“Safety Concerns: The building’s infrastructure was designed for a specific number of occupants. Exceeding this capacity has raised safety concerns, increased health and accident risks – and hinders efficient emergency evacuation.

“Reduced Efficiency: Crowded workspaces are negatively impacting productivity and collaboration. Additionally, overstretched facilities have led to increased maintenance costs.

“Structural Integrity: The building’s integrity can be compromised by exceeding its designed capacity.”

The memo further said the decongestion would also improve the apex bank’s operational and workflow efficiency.

“Strategic alignment: The decision to redistribute departments and staff is rooted in a strategic approach to align the structure of the Bank with its functions and objectives. Certain departments may be better suited to operate in proximity to Financial Institutions’ head offices, which are predominantly located in Lagos. This strategic alignment ensures optimal collaboration and efficiency,” the memo stated.

https://punchng.com/cbn-decongests-head-office-moves-departments-to-lagos/

Tinubu the tribal bigot is sending CBN to Lagos in what sense?


That Lagos is the Deputy FCT or what?


A place Tinubu have turned into a tribal enclave.


All banks should move their headquarters to Abuja.

How's this tribally motivated FGS?

When Hadi Sirika moved all aviation ministries, agencies & parastarals to Abuja, did anyone tag it as tribally motivated when they clearly had no business being in Abuja to begin with.

Nigerians cannot just be separated from tribalism.

Any move that will give Naira value is very much welcome

Nigeria has never been the same since its capital was taken from Lagos to Abuja.

Whatever fame and glory it has ever enjoyed, they all took place when Lagos was still the capital, ever since then Nigeria has been a shadow of itself.

There's something special about Lagos !!!

Great move

Even though this news will generate so much noise.

For this below reason alone, it's a good idea.

Most of the bank’s headquarters are in Lagos. The CBN usually sends staff from Abuja to work in Lagos for like one to two months and return to the head office.

They are not sending staffs to the branch in Lagos alone, they will be sent to different CBN understaffed branches all over Nigeria and the FCT from the HQ.

Tribalism will finally destroy that country

They’ll mess this one up
With online banking you don’t have to go to a head office to do audit
Infact most of your audits are either printouts you can get from ANY branch of the bank in the country or hard copies generated mostly from online transactions

This is the best decision to curb the nonsense going on at the apex Bank.
Its funny some Nigerians are short sighted and don't understand how important it is to move some departments from the current location.

This should have been done since 2012.
Its the only way to break corruption at the CBN. Kudos to this government

You guys haven’t seen anything yet. You saw bullion van and were complaining. Now they have the whole bank in their house .

“What is happening now at the CBN is likened to a company with over 500 staff and say 200 used to go to work in other states and return to the head office. It is not out of place for the company to relocate them fully to that state to work and increase their safety and productivity,” he said.

This is very common with most of the Federal Government agencies and it's a form of wasteful avenue to keep getting travel allowances, hazard allowances and estacodes.

Even Unity Bank that used to have its headquarters in Abuja had to move to Lagos when they realised the wastages in moving between Lagos and Abuja routinely and spending so much to keep idle stuff and staff in Abuja.
Check my signature for free stuffs!

The question is what are those departments of CBN eg Banking Supervision doing in Abuja in the first place. Those greedy staff want to be taking estacodes and flight tickets and hotel money every month instead of staying in the place where 95% of all the banking/financial headquarters that they are supervising are based.
There was a time Abacha even took NPA and NIMASA head office to Abuja before the madness was reversed during the civilian rule. The sooner we get more efficient and start saving costs the better for us.

Ogbon fun Tinubu lati ko owo je ni joor.... why didn't they move it to any states in the south east

Why was their new Lagos head office built in the First place? Sanusi Lamido even fitted it with an helipad. The building is wasting away till date. I still have pictures of their empty offices with me as I speak.

They are better off situated in Lagos than Abuja because almost all Banks are headquartered in Lagos.

One key function of CBN is Banking services supervision. You can't do that effectively when your H/O is in Abuja.

These CBN guys travel down to Lagos almost everyday and then raise crazy expense claims on Travel, flight, hotel Accomodation, local estacodes to the tune of several millions.

These leakages should be plugged.

N.B: My position is not borne out of tribalism.

#Bitter fact

These 3 agencies absolutely have no business in Abuja.

1. CBN
2. NNPC
3. FAAN (Aviation)

.

lol

The should move it to Irabeji.

We are watching

Undoubtedly it will be resisted by those who are making money from the official trips that most times are not needful. Well-done Cardoso! First to comment.

Good move from the main man. If you know you know

Bliss4Lyfe:
Tinubu the tribal bigot is sending CBN to Lagos in what sense?


That Lagos is the Deputy FCT or what?


A place Tinubu have turned into a tribal enclave.


All banks should move their headquarters to Abuja.

Is it that you refuse to read further abi wetin,

Nlfpmod mynd44 Seun i think you people should start to delete comments that does not align with the details of a thread, because why is this quoted person going the tribal way on something that is straight forward

The reason for the move is to reduce travel expenses and safety of workers since traveling within Nigeria is not safe, they'd start with lagos then move to other cbn branches in other states, I've educated you for free, you mustn't castigate the government everytime.

Kreamie:
How's it tribally motivated?

When Hadi Sirika moved all aviation parastarals to Abuja, did anyone tag it as tribally motivated?

Nigerians cannot just be separated from tribalism.

Tribal biggots usually blind.


Abuja is the FCT.


Lagos is nothing.

Lol... Tinubu 😂😂😂

just one office yet billions are been stolen away then imagine what will happen at lagos office when there is a dual CBN control and monintoring..shit hole of a country

If they like they should move Aso Rock to Lagos,
Is their time
They have the power
They in charge

Please don't complain....

Buhari should have moved NNPC headquarters to Daura..

GEJ should have moved FIRS headquarters to Bayelsa

I knw say na northerners go complain ..... Make dem to feel de heat small😆😆

They don start