Home BUSINESS BANKING & FINANCE CBN Identifies 1,500 Staff, Some Departments For Relocation To Lagos

CBN Identifies 1,500 Staff, Some Departments For Relocation To Lagos


The Central Bank of Nigeria (CBN) has finally identified 1,500 staff members and some departments to be relocated to Lagos office from its Abuja headquarters.
The departments for relocation to Lagos, according to the apex bank, including Banking Supervision, Other Financial Institutions Supervision, Consumer Protection Department, Payment System Management Department and Financial Policy Regulations Department.
According to the apex bank, the development is aimed at enhancing productivity, safety and compliance with building regulations.
In an internal memo, the apex bank said that the restructuring is also aimed at achieving an even geographical spread of talent and to reduce the headquarters’ occupancy level to 2,733 personnel from 4,233.
The memo reads: “This is to notify all staff members at the CBN Head Office that we have initiated a decongestion action plan designed to optimize the operational environment of the bank.
“This initiative aims to ensure compliance with building safety standards and enhance the efficient utilization of our office space.”
An official of the bank confirmed that the plan for relocation is still on, and that the transfered staff will resume work by February 2.

Leave a Reply