ABOUT 1,500 members of staff of the Central Bank of Nigeria (CBN) have been slated to resume at its Lagos office following their redeployment from the headquarters in Abuja.
According to media reports, the plan, though heavily criticised, was still in motion, and affected staffers would be resuming on Friday, February 2, 2024.
The latest development comes on the backdrop of the decision of the new management to relocate some of CBN’s departments to Lagos for staff safety, increased productivity, and to decongest its Head Office.
CBN said the action was necessitated by several factors, including the need to align the Bank’s structure with its functions and objectives and redistribute skills to ensure a more even geographical spread of talent.
It added that it was also in compliance 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.
A memo issued to staff read, “This is to notify all staff members 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.”
According to reports, 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.
