*Pix above(r-l): CBN Gov Yemi Cardoso, PBAT and CBN HQ
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The Central Bank of Nigeria is set to transfer some of its departments to Lagos State.
According to a report, a CBN official who spoke on condition of anonymity said it is to decongest the apex bank’s headquarters for effective management of building infrastructure as well as for increased productivity.
Although some staff members of the bank have reportedly resisted the transfer and claimed that it is motivated by tribal sentiment, the source insisted 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 those states to work and increase their safety and productivity,” he said.
The official stated that only some departments of the apex bank, including the Banking Supervision Department, were affected by the relocation.
He stated that the move is meant to increase the productivity of the affected staff while also cutting costs and ensuring their safety.
Departments to relocate
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.
“Most of the banks’ 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 zone 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 headquarters is 3,000 but the staff strength is at 4,000 now which is a threat to the facilities at the head office.
It was also gathered that 1,533 staff would be affected by the massive redeployment.
A source who preferred anonymity said the policy had already forced some members of staff to consider resignation.
“The affected departments are the major departments of the CBN. They are the only departments mentioned in the BOFIA Act [Banking and Other Financial Institutions Act].
“Moving them entirely will only further strengthen Lagos and weaken Abuja. When you move all these departments to Lagos, then what is left of the headquarters? It will become almost useless.
“Women colleagues that are married can’t cope with this decision, especially those from the North,” said the source./PLEASE SHARE
*Tags: CBN, Yemi Cardoso
