CBN Announces Relocation Of Headquarters From Abuja
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

CBN Announces Relocation Of Headquarters From Abuja

Adam PR by Adam PR
January 14, 2024
in NEWS
0
Central Bank Of Nigeria, CBN
21k
SHARES
21k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook

The Central Bank of Nigeria, CBN is set to fully relocate major departments from the Abuja headquarters Lagos.

This was disclosed in an internal memo made available to Repoters on Saturday.

The move, according to an official of the CBN who spoke on condition of anonymity, is to decongest the apex bank’s head office.

Although some staff members of the bank have reportedly resisted the transfer and claimed that it is motivated by tribal sentiment, the source said it is for their safety and increased productivity.

“What is happening now at the CBN is likened to a company with over 500 staff and say 200 used to go to work in other states and return to the head office. It is not out of place for the company to relocate them fully to that state to work and increase their safety and productivity,” he said.

The official stated that only some departments of the apex bank, including the Bank Supervision Department, were affected by the transfer.

ALSOREAD

Lagos Appoints Mandy Kiss After Failed Mission To Sleep With 100 Men In 24hrs

GWR: Mandy Kiss Backtracks On Planned Marathon S£x With 100 Men In Lagos

Lagos Govt Asked To Immediately Arrest Mandy Kiss Over Planned Marathon S£x With 100 Men

James Hope University In Lekki Gets New Vice-Chancellor

Nigerian Police Arrest ‘Obi Of Lagos’, Foil Installation Ceremony

He stated that the move is meant to increase the productivity of the affected staff while also cutting costs and ensuring their safety.

According to the CBN official that the departments penciled down for relocation by the CBN Governor, Yemi Cardoso are Banking Supervision; Other Financial Institutions Supervision; Consumer Protection Department; Payment System Management Department and Financial Policy Regulations Department.

” Most of the bank’s headquarters are in Lagos. The CBN usually sends staff from Abuja to work in Lagos for like one to two months and return to the head office.

“Being on the road all the time is not safe for them and not also cost-efficient for the bank. We know that anybody leaving their comfort would feel the pain, that is why some of the affected workers are complaining but I can assure you that, it is for their good,” he said.

He also noted that the carrying capacity of the Abuja office is 3 000 but the staff strength is at 4 000 now which is a threat to the facilities at the head office.

“Abuja office is designed to carry about 3 000 staff but we are 4 000 already. The facility managers have already warned of the implication; the security of staff is also at stake with the increased number because it overwhelms the managers,” the official stated.

Excerpts from the memo obtained 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.

“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 optimising the utilisation 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:

“Safety Concerns: The building’s infrastructure was designed for a specific number of occupants. Exceeding this capacity has raised safety concerns, increased health and accident risks – and hinders efficient emergency evacuation.

“Reduced Efficiency: Crowded workspaces are negatively impacting productivity and collaboration. Additionally, overstretched facilities have led to increased maintenance costs.

“Structural Integrity: The building’s integrity can be compromised by exceeding its designed capacity.”

The memo further said the decongestion would also improve the apex bank’s operational and workflow efficiency.

“Strategic alignment: The decision to redistribute departments and staff is rooted in a strategic approach to align the structure of the Bank with its functions and objectives. Certain departments may be better suited to operate in proximity to Financial Institutions’ head offices, which are predominantly located in Lagos. This strategic alignment ensures optimal collaboration and efficiency,” the memo stated.

FOLLOW US ON SOCIAL MEDIA

TWITTER — https://x.com/dailygistonline

THREADS —https://www.threads.net/@dailygistonline

FACEBOOK — https://m.facebook.com/oauvoices

INSTAGRAM —https://www.instagram.com/dailygistonline/ 

 

FOR ADVERTS, PUBLICATION AND PROMOTIONS, CONTACT DAILY GIST ON WHATSAPP – 09061956151

Share This News

Tags: AbujaCBNLagos State
Previous Post

BREAKING: Supreme Court Declares Authentic Winner Of Kano Governorship Election

Next Post

VIDEO: $ex Scandal Rocks Nigerian Army

Adam PR

Adam PR

AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 09061956151

Related Posts

Kashim Shettima Vacates Seat As Vice President Of Nigeria
NEWS

Kashim Shettima Vacates Seat As Vice President Of Nigeria

October 21, 2025
Nigerian Lady Stages Her Own Kidnap To Collect Ransom From Family, Relocates Abroad
NEWS

Nigerian Lady Stages Her Own Kidnap To Collect Ransom From Family, Relocates Abroad

October 14, 2025
Nigerian Man Asks Wife To Video Him Working, Dies On Camera In Ogun
NEWS

Nigerian Man Asks Wife To Video Him Working, Dies On Camera

October 10, 2025
How Moaning During Bedroom Sex Can Land You In Trouble — Nigerian Lawyer
NEWS

How Moaning During Bedroom Sex Can Land You In Trouble — Nigerian Lawyer

October 10, 2025
Nigerian Man Kills His Girlfriend For Money Rituals In Lagos
NEWS

Assistant Headmaster Suspended After He Was Seen F0ndling Student’s Br£asts In Viral Video

October 8, 2025
Bola Tinubu, Petrol Subsidy, Forex
NEWS

BREAKING: President Tinubu’s Minister Resigns

October 7, 2025
Next Post
Ruth Ogunleye, a Nigerian soldier, Sex scandal rocks Nigerian army

VIDEO: $ex Scandal Rocks Nigerian Army

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TRENDING NEWS

  • VIDEO: Fairytale Wedding Crashes After Wife Finds $£x Tape Of Best Friend With Hubby

    VIDEO: Fairytale Wedding Crashes After Wife Finds $£x Tape Of Best Friend With Hubby

    25114 shares
    Share 10046 Tweet 6279
  • VIDEO: Lady Strips Half Nak3d As She Attempts To ‘Fight’ A Man Inside Market

    21820 shares
    Share 8728 Tweet 5455
  • FULL LIST: 15 Popular Nigerian Celebrities With Leaked Nud£/S£x Videos

    34693 shares
    Share 13877 Tweet 8673
  • VIDEO: Drama Ensues As Man And Woman Get Stuck During S3xual Interc0urs£

    21945 shares
    Share 8778 Tweet 5486
  • Kashim Shettima Vacates Seat As Vice President Of Nigeria

    21586 shares
    Share 8634 Tweet 5397
  • Nigerian Woman Whose Sex Video With A Married Man Went Viral Speaks

    22321 shares
    Share 8928 Tweet 5580
  • VIDEO: Tenant Caught Landlord Red-handed Sl££ping With His Wife & Daughter

    22494 shares
    Share 8998 Tweet 5624
  • Japa: 10 Frequently Asked Visa Interview Questions And How To Answer Them

    20727 shares
    Share 8291 Tweet 5182
  • Nigerian Lady Cuts Off Husband’s Hands For Buying iPhone 16 For Side Chick

    22693 shares
    Share 9077 Tweet 5673
  • VIDEO: Man Flogged Mercilessly For Secretly Recording Intim@te Moments With 3 Girls

    21317 shares
    Share 8527 Tweet 5329

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR
  • Privacy Policy

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved