ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Sunday, March 22, 2026
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
ADVERTISEMENT
Home Top Stories

Major Controversy As CBN Abuja Office Decongestion Affects 1,533 Staff

there is a growing concern among workers as the Central Bank of Nigeria, CBN, commenced the decongestion of its head office in Abuja, affecting 1,533 staff.

by NewsOnline Nigeria
January 14, 2024
in Top Stories
0
Zuldal Microfinance Bank

CBN

 CBN Abuja Office decongestion affected 1,533 Staff leading to a major controversy in the apex bank.

 

NewsOnline Nigeria reports that there is a growing concern among workers as the Central Bank of Nigeria, CBN, commenced the decongestion of its head office in Abuja, affecting 1,533 staff.

 

This Nigeria news platform understands that a circular dated January 12, 2024, signed by the Director of the Human Resources Department of CBN to all staff, said the move was necessitated by safety concerns and the need to boost efficiency.

 

ALSO: Disquiet As Yemi Cardoso Move To Relocate Major CBN Departments Back To Lagos

 

According to the apex bank, the action plan focuses on optimizing the utilization of other banks’ premises.

 

It added that the headquarters occupancy level of 4,233 significantly exceeds the optimal capacity of 2,700 for the head office building.

 

Consequently, 1,533 staff will be transferred from its head office to other CBN facilities within Abuja and Lagos and understaffed branches.

 

To this end, about 80 per cent of the Banking Supervision Department of the CBN staff have been transferred to Lagos State.

 

The official reason is that the head offices of the banks they’re supposed to supervise are located in Lagos, while a small number of staff members from the Department are left behind in Abuja.

 

“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’sBank’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 Building,” it stated.

 

However, the development sent a shockwave of uncertainties among staff who faulted the move.

 

A staff member who spoke under anonymity said, “The move is ill-planned. How does the management want those married to cope with the situation?”

 

Another source said, “I doubt the motive of the management. The decision has been made. Likely, the government is shifting attention to Lagos.”

Previous Post

Daily Black Market Dollar to Naira Exchange Rate Tracker, 14 January 2024

Next Post

BBC Exposes Six Formats Late Prophet TB Joshua Used To Perform Fake Miracles (FULL LIST)

Next Post
Prophet TB Joshua

BBC Exposes Six Formats Late Prophet TB Joshua Used To Perform Fake Miracles (FULL LIST)

Trending Stories

No Content Available

Latest Stories

2027 Elections

2027 Elections: Ministers, Political Appointees Weigh Options as Tinubu’s Resignation Directive Sparks Uncertainty

President Tinubu

BREAKING: President Tinubu Moves to Cushion Fuel Price Impact On Nigerians

Tony Elumelu

Tinubu Celebrates Tony Elumelu at 62, Hails TEF’s Impact on African Entrepreneurship

Festus Edovia

The Price of Power: How Money Politics Is Undermining Leadership in Nigeria By Festus Edovia

Pesident Trump

BREAKING: Pesident Trump Deploys MQ-9 Drones, 200 Troops to Nigeria

Dangote Refinery

BREAKING: Dangote Refinery Increases Petrol Price Again Amid Rising Hardship

Festus Edovia

Politics of Deception: How Power Became a Pathway to Plunder in Nigeria By Festus Edovia

Festus Edovia

Tighten the Belt or Break the Nation? Nigeria at a Crossroads By Festus Edovia

Lagos Taskforce

Lagos Taskforce Denies Land Grabbing Allegations, Says Viral Video Misleading

Abubakar Malami

Abubakar Malami Declares ‘No Regrets’ After Release, Vows to Fight Money Laundering Charges

NewsOnline Nigeria

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: admin@newsonlineng.com

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2026 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria