{"id":314180,"date":"2024-01-30T08:29:31","date_gmt":"2024-01-30T07:29:31","guid":{"rendered":"https:\/\/platinumpostng.com\/?p=314180"},"modified":"2024-01-30T08:29:31","modified_gmt":"2024-01-30T07:29:31","slug":"1500-redeployed-cbn-staff-resume-at-lagos-office","status":"publish","type":"post","link":"https:\/\/www.thespycode.com\/1500-redeployed-cbn-staff-resume-at-lagos-office\/","title":{"rendered":"1,500 redeployed CBN staff resume at Lagos office"},"content":{"rendered":"

After being redeployed from the headquarters, at least 1,500 employees of the Central Bank of Nigeria, CBN, will return to work at its Lagos branch on Friday<\/strong>.<\/p>\n

Despite strong criticism, the plan remained in place, according to an apex bank source who spoke with our correspondent. Affected employees would be returning to work on Friday.<\/p>\n

\u201cYes, the plan is still on and they will resume work by February 2, which is the first week of next month,\u201d an official said.<\/p>\n

The latest development comes on the backdrop of the decision of the new management to relocate some of CBN\u2019s departments to the country\u2019s economic hub for staff safety, increased productivity, and to decongest its head office.<\/p>\n

CBN said the action was necessitated by several factors, including the need to align the bank\u2019s structure with its functions and objectives and redistribute skills to ensure a more even geographical spread of talent.<\/p>\n

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.<\/p>\n

A memo issued to staff read, \u201cThis 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.<\/p>\n

\u201cThis initiative aims to ensure compliance with building safety standards and enhance the efficient utilisation of our office space.\u201d<\/p>\n

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.<\/p>\n

Although the Northern Elders Forum and some other Northern groups had condemned the move, our correspondent gathered that the CBN governor was committed to implementing it, as it is expected to reduce the HQ occupancy level to 2,733 personnel from 4,233.<\/p>\n

Another source told this newspaper that some of the affected staffers had started relocating to Lagos.<\/p>\n

\u201cSome have already gone ahead. Over 80 per cent of the Banking Supervision Department staff have been redeployed and the same for the Payment System Department,\u201d the source hinted.<\/p>\n

The NEF had, in a statement, expressed worry over the potential negative impact of relocating those essential departments on both the institution itself and the country as a whole.<\/p>\n

\u201cThe movement would involve increased costs, loss of talent, disruption in operations, reduced coordination, regional economic disparities, impaired economic development in Northern Nigeria, and decreased investor confidence in the nation\u2019s economy.<\/p>\n

\u201cTherefore, relocating them entirely to Lagos will only serve to further strengthen the already dominant position of Lagos, while potentially weakening the significance and role of Abuja,\u201d it claimed.<\/p>\n

More so, the Chief Whip of the Senate, Senator Ali Ndume, warned that there would be \u201cpolitical consequences\u201d if the plan to relocate some departments of CBN as well as the corporate headquarters of Federal Airports Authority of Nigeria to Lagos were implemented.<\/p>\n

He said, \u201cThose misleading the President are not doing him any good because this is going to have some political consequences. If Tinubu were not elected president, the CBN governor would not be there. It was not Lagos votes that put Tinubu there.\u201d<\/p>\n

Platinumpost reported that Northern senators and youths also expressed displeasure over the move, which they claimed was a calculated move to short-change the North.<\/p>\n","protected":false},"excerpt":{"rendered":"