Thu. Jul 25th, 2024

CBN Redeploys 1,500 Staff To Lagos

“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.”

The Central Bank of Nigeria (CBN) says it has redeployed 1,500 staff members to its Lagos office from the headquarters to enhance productivity, safety, and compliance with building regulations.

According to an internal memo by the apex bank, issued to staff and obtained by persecond news, the restructuring is aimed at achieving an even geographical spread of talent and also reducing the headquarters occupancy level to 2,733 personnel from 4,233.

An official said: “Yes, the plan is still on, and they will resume work by February 2, which is the first week of next month.”The memo 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.”

Reports say over 80 percent of the staff of the Banking Supervision Department have been redeployed, and the same is true for the Payment System Department. According to the reports, the departments penciled down for relocation by CBN Governor Yemi Cardoso include Banking Supervision, Other Financial Institutions Supervision, Consumer Protection Department, Payment System Management Department, and Financial Policy Regulations Department.

It could be recalled that the Northern Elders Forum (NEF) had warned that the movement of key departments of CBN from Abuja to Lagos may lead to brain drain.

The development, the elders said, would cause strain and disruption to the bank’s performance and efficiency.

Persecond news.

 

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