The Central Bank of Nigeria has announced plans to move several of its divisions to Lagos State, the country’s first capital territory and economic powerhouse.
This was mentioned in an internal document distributed to the media on Saturday.
According to an unnamed apex bank official, the move is intended to relieve congestion at the apex bank’s headquarters in the Federal Capital Territory.
Although several bank employees allegedly opposed the relocation, claiming it was driven by tribal feeling, the source stated that it was for’staff safety and greater productivity’.
The memo partially 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.
“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 optimizing the utilization 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.
“The CBN is saying instead of 200 workers to go work in other states and return to the head office, they should relocate fully to that state for safety and to increase productivity.”
cc: Punch Ng
