News

CBN Decongests Dead Office, Moves Departments To Lagos

Published

1 year ago

January 13, 2024

The Central Bank of Nigeria is set to transfer some of its departments to Lagos State.

This was stated in an Internal memo made available to The PUNCH on Saturday.

The move, according to an official of the CBN who spoke on condition of anonymity, is to decongest the apex bank’s head office.

Although some staff members of the bank have reportedly resisted the transfer and claimed that it is motivated by tribal sentiment, the source said 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 that state to work and increase their safety and productivity,” he said.

The official stated that only some departments of the apex bank, including the Bank Supervision Department, were affected by the transfer.

He stated that the move is meant to increase the productivity of the affected staff while also cutting costs and ensuring their safety.

The PUNCH gathered through the official that the departments penciled down for relocation by the CBN Governor, Yemi Cardoso are Banking Supervision; Other Financial Institutions Supervision; Consumer Protection Department; Payment System Management Department and Financial Policy Regulations Department.

”Most of the bank’s 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 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 office is 3 000 but the staff strength is at 4 000 now which is a threat to the facilities at the head office.

“Abuja office is designed to carry about 3 000 staff but we are 4 000 already. The facility managers have already warned of the implication; the security of staff is also at stake with the increased number because it overwhelms the managers,” the official stated.

Excerpts from the memo obtained read, “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.

“This initiative aims to ensure compliance with building safety standards and enhance the efficient utilisation of our office space.

“This action is necessitated by several factors, including the need to align the Bank’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.

“The action plan focuses on optimising the utilisation of other Bank’s premises. With this plan, 1,533 staff will be moved to other CBN facilities within Abuja, Lagos and understaffed branches.

“Our current occupancy level of 4,233 significantly exceeds the optimal capacity of 2,700 designed for the Head Office building. This overcrowding poses several critical challenges:

“Safety Concerns: The building’s infrastructure was designed for a specific number of occupants. Exceeding this capacity has raised safety concerns, increased health and accident risks – and hinders efficient emergency evacuation.

“Reduced Efficiency: Crowded workspaces are negatively impacting productivity and collaboration. Additionally, overstretched facilities have led to increased maintenance costs.

“Structural Integrity: The building’s integrity can be compromised by exceeding its designed capacity.”

The memo further said the decongestion would also improve the apex bank’s operational and workflow efficiency.

“Strategic alignment: The decision to redistribute departments and staff is rooted in a strategic approach to align the structure of the Bank with its functions and objectives. Certain departments may be better suited to operate in proximity to Financial Institutions’ head offices, which are predominantly located in Lagos. This strategic alignment ensures optimal collaboration and efficiency,” the memo stated.

News

Osun Monarchs Donate Air-conditioners, Computers To Support NUJ’s E-Library Project

Published

3 hours ago

July 5, 2025

Editor

Traditional rulers in Osun state have put their weight behind the project of E-Library, embarked upon by the Nigeria Union of Journalists, NUJ, OSBC Chapel, with the donations of Air-conditioners Computer systems.

The announcements were made during an inspection tour of the E-Library, named after the Olowu of Kuta Kingdom, Oba Hameed Adekunle Oyelude Makama Tegbosun, at Ile-Awiye, Oke Baale, Osogbo; where Oba Makama announced the donation of four Air-conditioners, in continuation of his support as the Life Patron of the chapel.

Chapel chairman, Comrade Lateef Agboola in rapt attention to instructions from Olowu of Kuta Kingdom, Oba Hameed Adekunle Oyelude Makama Tegbosun during the inspection tour.

In his royal message, the Eburu of Iba, in Ifelodun Local Government Area of the state, Oba (Prof) Adekunle Okunoye Adeogun also pledged the donation of Six units of Computers, as his own way of supporting the noble cause, in solidarity with his royal colleague.

Other monarchs on the entourage of the Olowu of Kuta, including Oba Ismaila Gbadamosi Fabunmi (Olaa of Ajagunlase); Oba, (Dr.) Kazeem Adio Orioye (Onigege of Igege) both in Olaoluwa Local Government Area of the state, Oba (Dr.) Alamu Moshood Oparonke (Onisara of Feesu Kingdom) in Iwo Local Government Area, Oba Musibau Adebayo Akinloye (Oori of Oloori) and Oba Femi Idowu (Olaota of Ilota) both in Ayedire Local Government, as well as Oba Adekunle Omolola (Oniraan of Iran) in Ayedire Local Government, and Oba Waliulah Azeez Alabi (Olu of Lahan) in Olaoluwa Local Government Area, all pledged to support the project in solidarity with Oba Tegbosun.

Other eminent personalities and groups on the entourage of the Olowu of Kuta included Chief Ogundeji Eleuibon; the Big Brothers Club of Osun; Responsible Ladies Group, Nigeria Youth Council leadership, Online Media Owners Association, YMLF Osun as well as the Olowu-in-Coincil, among others. They also pledged their support to complete the E-Library project.

Olowu of Kuta Kingdom, Oba Hameed Adekunle Oyelude Makama Tegbosun in group photograph with Responsible Ladies Group.

In their separate remarks, the Board Chairman of OSBC, Engr. Mayowa Olosho, and the Director-General/Permanent Secretary of the media conglomerate, Mrs Jolaade Igbaroola, appreciated the royal fathers, eminent personalities and groups for deeming it fit to support the project, which many believe is first of its kind in the history of NUJ.

Earlier, the chairman of NUJ, OSBC Chapel, Comrade Lateef Agboola, had explained that the vision of his predecessors to start the project many years ago, was to make the chapel a hub of information and reservoir of knowledge.

He added that, when completed, the E-Library will serve not only the members of the union, but also other people who might need necessary information to back up their research works.

He, therefore, pledged the resolve of his administration to make the library functional before the end of July 2025.

News

Burna Boy Turns 34, Reveals Plans To Start A Family

Published

6 hours ago

July 5, 2025

Editor

Grammy-winning Nigerian singer, Burna Boy, celebrated his 34th birthday in style, and the festivities took an intimate turn when he shared his thoughts on starting a family.

According to the singer, he’s now considering having kids, citing his advancing age as a reason to settle down.

Burna Boy revealed that a conversation with oil magnate Jowizaza sparked this newfound desire.

News

Cherryland, Unifield, Divine Pattern Schools Shine At ITV 2025 Quiz, Debate And Essay Competition

Published

16 hours ago

July 5, 2025

Editor

Winners in the various categories.

By Joseph Ebi Kanjo, Benin

Cherryland Royal School, Divine Pattern Schools, and Unifield International School, on Friday, 4th July, 2025 won the Independent Radio and Television 2025 Interschool Quiz, Debate and Essay Competition in their respective categories.

The Essay Competition, with the topic: ‘There has Been a Growing Incidence of Gambling Amongst Youth in Your Country. Write an Article Suitable for Publication in a National Newspaper Stating Three Probable Causes, and Suggesting how this Problem can be Cured,’ was won by Oghogho Triumph of Divine Pattern Schools, while Eczema Praise of Cherryland Royal School emerged winner in the debate category with the topic: ‘The Youths of Today Are More Interested in the Pursuit of Pleasure than in Academic Work.’

The quiz, which was competed by primary pupils from various schools was won by Victory Ighotomare of
Unifield International High School.

Winners in the various categories in group photograph with the management of ITV/Radio

Earlier, in his opening remarks, Chairman of the occasion and Deputy Chief of Staff to Edo State Government (office of the deputy governor), Hon. Pius Alile, while recalling his primary school days, pledged scholarship to university level for winners in the various categories.

Alile urged the students and pupils to desist from social vices and face their studies, stressing that it’s through education that they can actualise their dreams in life.

In his short remarks, Managing Director, ITV/Radio, Engr. Elvis Obaseki, urged the students and pupils present at the event to face their studies, and above all be disciplined and well behaved.

He stressed that no matter how a student may be brilliant in life, such a student needs discipline to navigate through the journey of life, adding “no matter how intelligent you are, you must be well behaved and disciplined. This will take you far in life.”

The MD, who told the students and pupils that they cannot all be winners at the same time, said being present at the event, they are expected to take one or two lessons back home from the event.

Engr. Obaseki, who said “it’s not too good that none of our public schools are here,” promised, “next year, we will make everything humanly possible to bring our public schools so that the competition will be more interesting and fierce.”

Also speaking, Chairman, organising committee of the event, Dr. Sunny Duke, while expressing joy at the large turnout of schools in this year’s competition, thanked the management and staff of ITV/Radio for their support, and in particular the Esama of Benin Kingdom, Chief Gabriel Igbinedion for creating the platform (ITV/Radio) through which young ones can actualise their dreams.

He also thanked the chairman of the occasion, Hon. Alile for offering the winners in the various categories scholarship, stressing that it has been his prayer and wish.

“Where I am today is because of the scholarship I won in JSS 2 back then. And today, that ambition and dream has been fulfilled with the scholarship for the winners of the quiz, debate and essay competition by Hon. Pius Alile, I’m overwhelmed,” Duke said.

The event was spiced up with dance competition amongst students and pupils, and on the other hand amongst teachers, and other side attractions.