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Reading: CBN’s Lagos office welcomes back 1,500 redeployed staff
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CBN’s Lagos office welcomes back 1,500 redeployed staff

David Akinyemi
David Akinyemi 29 Views

At least 1,500 workers of the Central Bank of Nigeria will resume work at its Lagos branch on Friday following their redeployment from the headquarters.

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The strategy was maintained, an apex bank source who talked with our correspondent said, despite harsh criticism. On Friday, the impacted workers would report back to work.

According to an official, “Yes, the plan is still in place and they will get back to work by February 2, which is the first week of next month.”

The most recent event occurs against the backdrop of the new management’s intention to shift a few CBN divisions to the nation’s economic centre in order to improve worker safety, boost output, and free up space at the head office.

According to CBN, a number of reasons led to the decision, including the need to realign the bank’s organisational structure with its goals and missions and reallocate expertise to achieve a more equitable distribution of talent across geographies.

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

“We have initiated a decongestion action plan designed to optimise the operational environment of the Bank,” stated a message sent to all staff members at the CBN Head Office.

The objective of this programme is to optimise the effective use of our office space while guaranteeing adherence to building safety regulations.

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The departments that CBN governor Yemi Cardoso has reportedly designated for relocation are the departments of banking supervision, other financial institutions supervision, consumer protection, payment system management, and financial policy regulations.

The plan was opposed by the Northern Elders Forum and a few other Northern organisations, but our reporter learned that the CBN governor was determined to see it through because it would result in a decrease in the number of employees at the headquarters from 4,233 to 2,733.

This newspaper was informed by another source that some of the impacted employees had begun moving to Lagos.

“A few people have already advanced. The source alluded to the fact that more than 80% of the employees in the Banking Supervision Department and the Payment System Department had been transferred.

In a statement, the NEF had voiced concerns about the possible harm that moving those crucial departments could do to the organisation and the nation as a whole.

Increased expenses, a loss of skilled labour, operational instability, a lack of coordination, regional economic inequities, hindered economic development in Northern Nigeria, and a decline in investor confidence in the country’s economy are all consequences of the migration.

It stated, “Therefore, moving them entirely to Lagos will only serve to strengthen Lagos’ already dominant position while potentially weakening Abuja’s significance and role.”

Furthermore, Senator Ali Ndume, the Chief Whip of the Senate, cautioned that if the Federal Airports Authority of Nigeria’s corporate headquarters and certain divisions of CBN were moved to Lagos, there would be “political consequences.”

“Those who are deceiving the President are not helping him because this will have some political repercussions,” he declared. The governor of CBN would not be in office if Tinubu were not elected president. Tinubu was not elected by the people in Lagos.

Senators and young people from the North also voiced their disapproval of the action, according to Obasanjo News24, claiming it was a planned attempt to shortchange the North.

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