{"id":18625,"date":"2024-01-13T23:16:55","date_gmt":"2024-01-13T23:16:55","guid":{"rendered":"https:\/\/newsreservoir.com\/?p=18625"},"modified":"2024-01-13T23:16:55","modified_gmt":"2024-01-13T23:16:55","slug":"cbn-anxiety-fills-the-air-over-plan-to-relocate-key-departments-to-lagos-fears-action-to-render-abuja-headquarters-useless","status":"publish","type":"post","link":"https:\/\/newsreservoir.com\/?p=18625","title":{"rendered":"CBN: Anxiety fills the air over plan to relocate key departments to Lagos &#8230; fears action to render Abuja headquarters \u2018useless\u2019"},"content":{"rendered":"<p dir=\"auto\">CBN: Anxiety fills the air over plan to relocate key departments to Lagos<\/p>\n<p>&#8230; fears action to render Abuja headquarters \u2018useless\u2019<\/p>\n<p>By<\/p>\n<p>Umar Audu<\/p>\n<p>There is disquiet in the Central Bank of Nigeria, CBN, over plan by the new management to fully relocate major departments from the Abuja headquarters to the former headquarters in Lagos.<\/p>\n<p>DAILY NIGERIAN gathered that members of staff of the apex bank, especially married women are grumbling over the decision.<\/p>\n<p>This newspaper gathered that the departments penciled down for relocation by the CBN governor Yemi Cardoso are: Banking Supervision, DBS; Other Financial Institutions Supervision, OFISD; Consumer Protection Department, CPD; Payment System Management Department, PSMD and; Financial Policy Regulations Department, FPRD.<\/p>\n<p>It was also gathered that 1,533 staff would be affected by the massive redeployment.<\/p>\n<p>A source who preferred anonymity said the policy had already forced some members of staff to consider resignation.<\/p>\n<p>\u201cThe 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].<\/p>\n<p>\u201cMoving 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.<\/p>\n<p>\u201cWomen colleagues that are married can\u2019t cope with this decision, especially those from the North,\u201d said the source.<\/p>\n<figure id=\"attachment_18634\" aria-describedby=\"caption-attachment-18634\" style=\"width: 300px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-18634\" src=\"https:\/\/newsreservoir.com\/wp-content\/uploads\/2024\/01\/Cardozo-e1694800451321_copy_626x450-300x216.jpg\" alt=\"\" width=\"300\" height=\"216\" srcset=\"https:\/\/newsreservoir.com\/wp-content\/uploads\/2024\/01\/Cardozo-e1694800451321_copy_626x450-300x216.jpg 300w, https:\/\/newsreservoir.com\/wp-content\/uploads\/2024\/01\/Cardozo-e1694800451321_copy_626x450-584x420.jpg 584w, https:\/\/newsreservoir.com\/wp-content\/uploads\/2024\/01\/Cardozo-e1694800451321_copy_626x450.jpg 626w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-18634\" class=\"wp-caption-text\">CBN Governor Olayemi Cardoso<\/figcaption><\/figure>\n<p dir=\"auto\">\n<p>The source alleged that the new management under Mr Cardoso had been hostile to the staff since his assumption of office.<\/p>\n<p>\u201cSince this management assumed office, every week an average of two staff members resign because of the hostile environment they created.<\/p>\n<p>\u201cThis is on record and can be verified. The HR unit maintains the records of CBN staff, from recruitment to exit.<\/p>\n<p>\u201cThe entire atmosphere of the bank is that of gloom and unease, as the staff are working in a state of fear and uncertainty due to regular threats to their jobs by the new management,\u201d the source added.<\/p>\n<p>While questioning the rationale behind the decision, the source said the move raised suspicions of a plot to elevate Lagos above Abuja and downsize staff.<\/p>\n<p>\u201cWhen the new management assumed office, there were rumours of plans to downsize, which it dismissed.<\/p>\n<p>\u201cBut with this indiscriminate transfers of both married women and people with medical needs, the suspicion of workers is that they want to downsize through the backdoor, knowing full well that a lot of these married women will rather resign than be transferred away from their families.<\/p>\n<p>\u201cAnd some are saying it\u2019s a Yoruba agenda of strategically moving units of government from Abuja to Lagos because a similar incident happened in the NNPCL Retail,\u201d the insider added<\/p>\n<p>Source: DAILY NIGERIAN<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBN: Anxiety fills the air over plan to relocate key departments to Lagos &#8230; fears action to render Abuja headquarters \u2018useless\u2019 By Umar Audu There is disquiet in the Central Bank of Nigeria, CBN, over plan by the new management to fully relocate major departments from the Abuja headquarters to the former headquarters in Lagos. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":18633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7],"tags":[],"class_list":["post-18625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBN: Anxiety fills the air over plan to relocate key departments to Lagos ... fears action to render Abuja headquarters \u2018useless\u2019 -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/newsreservoir.com\/?p=18625\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBN: Anxiety fills the air over plan to relocate key departments to Lagos ... fears action to render Abuja headquarters \u2018useless\u2019 -\" \/>\n<meta property=\"og:description\" content=\"CBN: Anxiety fills the air over plan to relocate key departments to Lagos &#8230; fears action to render Abuja headquarters \u2018useless\u2019 By Umar Audu There is disquiet in the Central Bank of Nigeria, CBN, over plan by the new management to fully relocate major departments from the Abuja headquarters to the former headquarters in Lagos. 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