Kingsley Moghalu, former Deputy Governor of the Central Bank of Nigeria (CBN), has backed the recent decision to move the apex bank’s key departments to Lagos.
Recall that the CBN recently announced plans to decongest its Abuja head office by transferring 1,533 staff to other facilities in the city, Lagos, and understaffed branches.
According to CBN’s memo, the affected departments include Banking Supervision, Other Financial Institutions Supervision, Consumer Protection, Payment System Management, and Financial Policy Regulations, among others.
While reacting to the development on X, Moghalu described the move as rational.
He said the entities supervised by the affected departments are mostly in Lagos State.
Also, he raised concern over the disquiet caused by the move among staff of the apex bank.
Moghalu tweeted: “I have seen reports of disquiet” among some @cenbank staffers over the Bank management’s decision to move some of its departments to the CBN Lagos office.
“I don’t see any serious basis for such disquiet. A new Lagos Office for the Bank was completed and inaugurated about 12 years ago while I was at the bank. As far as I can remember, it was under-utilized.”
