Headlines
Despite Controversy, 1,500 CBN Staff to Resume at Lagos Office Friday
At least 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office following their redeployment from the headquarters, according to The Punch.
A source at the apex bank told our correspondent exclusively that the plan, though heavily criticised, was still in motion, and affected staffers would be resuming on Friday.
“Yes, the plan is still on and they will resume work by February 2, which is the first week of next month,” an official said.
The latest development comes on the backdrop of the decision of the new management to relocate some of CBN’s departments to the country’s economic hub for staff safety, increased productivity, and to decongest its head office.
CBN said the action was necessitated by several factors, including the need to align the bank’s structure with its functions and objectives and redistribute skills to ensure a more even geographical spread of talent.
It added that it was also in compliance 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.
A memo issued to staff 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.”
According to reports, the departments penciled down for relocation by the CBN governor Yemi Cardoso include Banking Supervision, Other Financial Institutions Supervision, Consumer Protection Department, Payment System Management Department, and Financial Policy Regulations Department.
Although the Northern Elders Forum and some other Northern groups had condemned the move, our correspondent gathered that the CBN governor was committed to implementing it, as it is expected to reduce the HQ occupancy level to 2,733 personnel from 4,233.
Another source told the PUNCH that some of the affected staffers had started relocating to Lagos.
“Some have already gone ahead. Over 80 per cent of the Banking Supervision Department staff have been redeployed and the same for the Payment System Department,” the source hinted.
The NEF had, in a statement, expressed worry over the potential negative impact of relocating those essential departments on both the institution itself and the country as a whole.
“The movement would involve increased costs, loss of talent, disruption in operations, reduced coordination, regional economic disparities, impaired economic development in Northern Nigeria, and decreased investor confidence in the nation’s economy.
“Therefore, relocating them entirely to Lagos will only serve to further strengthen the already dominant position of Lagos, while potentially weakening the significance and role of Abuja,” it claimed.
More so, the Chief Whip of the Senate, Senator Ali Ndume, warned that there would be “political consequences” if the plan to relocate some departments of CBN as well as the corporate headquarters of Federal Airports Authority of Nigeria to Lagos were implemented.
He said, “Those misleading the President are not doing him any good because this is going to have some political consequences. If Tinubu were not elected president, the CBN governor would not be there. It was not Lagos votes that put Tinubu there.”
Northern senators and youths also expressed displeasure over the move, which they claimed was a calculated move to short-change the North.
Madagascar’s army has taken over power and dissolved all institutions, while President Andry Rajoelina fled the country for safety.
Mr Randrianirina also added that the military has dissolved all institutions except the lower house of parliament, which voted to impeach Mr Rajoelina a few minutes before his announcement.
Enugu State Governor, Peter Mbah, has officially defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).
Mbah announced his decision on Tuesday during a press conference in Enugu, saying the move was aimed at advancing the state’s interests through a stronger partnership with the ruling party at the centre.
He said his defection followed “a long period of reflection,” adding that the APC’s vision under President Bola Tinubu aligns with his own goal of driving sustainable development in Enugu and across the South-East.
“Today, after a long period of reflection, we have decided to leave the PDP and join the APC. We share a vision that transformation must be disruptive,” Mbah stated.
“I have found in His Excellency, President Bola Ahmed Tinubu, a partner in purpose, a man with the courage to look beyond today and make the tough choices that secure lasting prosperity for tomorrow.”
The governor, who was accompanied by his predecessor Ifeanyi Ugwuanyi, federal and state lawmakers, and top political figures in Enugu, said the decision was a collective one made by his political family.
According to him, “This is no whimsical decision. It is a collective move by the political family in Enugu State, comprising members of the National Assembly, members of the State House of Assembly, the State Executive Council, all local government chairmen, councillors, political appointees, and over 80% of party executives.”
Mbah also expressed optimism that the defection would ensure that “the voice of Enugu people and indeed that of the South-East would now be heard in Abuja.”
While thanking the PDP for its past support, Mbah lamented that the South-East had often been sidelined in national politics despite its loyalty to the party.
“To the Peoples Democratic Party which provided us the platform on which we campaigned and won, I extend deep gratitude,” he said. “But despite our loyalty, our voices were too often disregarded.
Former Vice President Atiku Abubakar has condemned President Bola Tinubu’s recent grant of presidential pardon, describing it as a reckless abuse of executive power that weakens the justice system and emboldens criminality in the country.
In a statement issued at the weekend, Atiku said the decision to extend clemency to individuals convicted of serious crimes such as drug trafficking, kidnapping, murder, and corruption was both “shocking and indefensible.”
He argued that the essence of a presidential pardon — a constitutional prerogative meant to temper justice with mercy — had been grossly misused by the Tinubu administration. According to him, the act has diminished the sanctity of justice and sent the wrong message to Nigerians and the international community about the government’s moral values.
“At a time when Nigeria continues to reel under insecurity, moral decay, and rising drug-related offences, it is deeply troubling that the presidency would prioritize clemency for those whose actions have undermined national stability and social order,” the statement read.
Atiku cited reports indicating that nearly 30 percent of those pardoned were convicted for drug-related crimes, describing the move as particularly insensitive given the country’s ongoing struggle with narcotics abuse and its tarnished global image on drug issues.
The former vice president also drew attention to what he called “the moral irony” of the decision, referencing past controversies surrounding President Tinubu’s alleged links to drug-related investigations in the United States.
“It is, therefore, no surprise that this administration continues to demonstrate a worrying tolerance for individuals associated with criminal enterprise,” he stated.
Atiku warned that the pardon had made a “mockery of the criminal justice system,” discouraged law enforcement agencies, and dishonoured victims of serious crimes.
“Clemency must never be confused with complicity,” he said. “When a government begins to absolve offenders of the very crimes it claims to be fighting, it erodes the moral authority of leadership and emboldens lawlessness.”
The former vice president concluded by urging Nigerians to demand a leadership that upholds justice and integrity.
“Nigeria deserves a leadership that strengthens justice, not one that trivializes it,” Atiku said.
