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Despite Controversy, 1,500 CBN Staff to Resume at Lagos Office Friday

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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.

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2027: Amupitan Assures Candidates, Parties of Level Playing Ground

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Chairman of the Independent National Electoral Commission (INEC), Prof. Joash Amupitan, has assured political parties and Nigerians that the commission will not favour any candidate in the 2027 general elections.

Prof. Joash Amupitan gave the assurance on Tuesday at the formal signing of the First National Peace Accord to commit candidates and political parties to issue-based campaigns for the 2027 general election.

The event was organised by the National Peace Committee in partnership with The Kukah Centre.

Amupitan said INEC has no interest in determining who wins or loses the election, stressing that its responsibility was to provide a transparent, credible and level playing field for all contestants.

“Let me state unequivocally that INEC has no interest in who wins or loses any election. The Commission does not have a candidate, nor does it favour any political platform.

“Our only interest is a lawful, transparent, credible, and inclusive process. We will act as an uncompromising, impartial umpire, ensuring a level playing field for all contestants,” Amupitan said.

He pledged that the commission would remain an “uncompromising, impartial umpire,” committed to ensuring a lawful, transparent, credible and inclusive electoral process.

 The INEC chairman also urged political parties and candidates to ensure that the 2027 campaigns focused on issues affecting Nigerians rather than personal attacks, character assassination and inflammatory rhetoric.

He said the signing of the Peace Accord was particularly significant as campaigns for the presidential and National Assembly elections are scheduled to commence on Wednesday, August 19, 2026.

Amupitan said the timing of the accord provided an opportunity for political actors to establish the ethical boundaries of the electoral contest before campaigns officially begin.

He described electoral contests in a constitutional democracy as “competitive job interviews before the electorate,” stressing that Nigerians deserved substantive debates on the country’s challenges.

He urged candidates to present clear and measurable programmes on economic growth, national security, infrastructure, healthcare, education and social inclusion.

Amupitan also warned political parties against the spread of misinformation and disinformation, particularly through their digital media teams, spokespersons and online supporters.

He said unverified and premature declarations of election results could trigger panic and undermine public confidence in the electoral process.

 The INEC chairman warned against incitement, identity-based provocation and the deployment of private armed groups, saying such actions could compromise the electoral process even before Election Day.

He said the commission’s preparations for the 2027 elections were progressing, noting that INEC was scaling up its logistics to manage about 1.4 million ad-hoc personnel across more than 176,000 polling units nationwide.

According to him, the commission had spent the past eight months refining its technology, improving logistics and training personnel, with lessons from recent elections in Anambra, the FCT, Ekiti and Osun states contributing to its preparations.

Amupitan stressed that INEC could not deliver a credible election alone.

“As I have often said, INEC cannot deliver a perfect election alone. An election is a multi-stakeholder venture. We provide the pitch and the refereeing, but the quality of the game depends on the players,” he said.

Amupitan also disclosed that the commission was introducing further transparency measures in the result-management process to improve the credibility of the 2027 elections.

He called on political actors to compete vigorously but peacefully, warning that no candidate or party would truly win if Nigeria emerged weakened from the electoral process.

“Peace is not the absence of competition; it is the presence of rules and the willingness to abide by them. Let us compete vigorously, but let us compete decently. Let us remember that at the end of this exercise, there will be no winners if Nigeria is the loser,” he said.

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Hardship: Nigeria Won’t Survive Fallout of Bad Leadership, Obasanjo Warns

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Former President Olusegun Obasanjo has fired his most direct warning yet to Nigeria’s political class: the country will not survive another generation of leadership failure.

Speaking during the 2026 Leadership Empowerment International Conference in Abeokuta at the weekend, Obasanjo declared that Nigeria’s crisis is no longer about identifying bad leadership — it is about the danger of tolerating it.

The two-day conference, themed “The Gravity of Leadership Failure & Correction Methodologies”, was organized by the Perspective Leadership Development Institute in collaboration with the Olusegun Obasanjo Leadership Institute. It holds in over 50 countries and is the brainchild of PLDI Founder, Prof. Olusesi Obateye.

But in Nigeria, Obasanjo turned it into a national diagnosis.

Without mentioning President Bola Ahmed Tinubu by name, the former President’s remarks landed squarely in the present. His target: an administration pushing controversial economic reforms amid widespread hardship, rising insecurity, and collapsing public trust.

Obasanjo’s core argument was blunt: Nigerians can no longer be sold promises while they pay with pain.

“A government may present itself as reformist, transformational or determined to rescue the country,” he said. “But if its decisions ultimately deepen hardship, weaken institutions, erode trust or leave citizens more vulnerable, the consequences become the more important measure of leadership.”

He took a swipe at governments that measure success by policies announced, projects commissioned, or reforms introduced— without accounting for what ordinary Nigerians feel in their pockets.

“Leadership failure in the ongoing circumstance should be judged by its consequences rather than by the intentions proclaimed at the beginning of tenure,” he stated.

The ex-President zeroed in on the human cost of current policies.

“The immediate effects of reforms and policies introduced by government have imposed considerable pressure on households and businesses,” Obasanjo noted, in an apparent reference to fuel subsidy removal, floating of the naira, and inflation.

He added: “And when the leader continues to say that hunger and hardship has been there before he was born, then that tells you clearly that there is leadership failure.”

For Obasanjo, that line is not an excuse. It is evidence.

He reminded current leaders that they will be judged not by what they inherited, but by what they leave behind.

“While it is admissible that governments frequently inherit serious problems from their predecessors, they also leave behind new consequences of their own decisions,” he said.

“The argument, therefore, is not merely about who created Nigeria’s problems. Good leadership is about who is responsible for solving them now.”

He warned that economic hardship, insecurity, institutional decay, and loss of hope are not abstract concepts. They are the direct bill paid by citizens for bad decisions at the top.

“Nigerian citizens cannot be asked indefinitely to endure pain on the promise of a better future,” Obasanjo declared. “This is where good leadership becomes critical.”

Obasanjo has long maintained that Nigeria does not lack resources or potential.

Its problem, he reiterated in Abeokuta, is the failure of those entrusted with power to convert possibilities into development.

“The fundamental danger is not merely that leaders can make mistakes,” he warned. “It is that leadership failure, when left unchecked, can impose consequences on an entire generation.”

Delivered in his hometown and at an institute bearing his name, Obasanjo’s message was both personal and national.

Nigeria’s problem, he said, has moved past diagnosis.

The question now is: Will we correct it before the consequences become irreversible?

As delegates from 50 countries watched, the elder statesman left no doubt where he stands: leadership is not about occupying office. It is about the capacity and willingness to use power responsibly, make difficult decisions in the public interest, and accept the consequences.

Anything less, he warned, and Nigeria may not survive it.

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Atiku, Obi Salute Adeleke on Re-election As Osun Gov

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Former Vice President Atiku Abubakar, and a former Governor of Anambra State, Peter Obi, have congratulated Governor Ademola Adeleke on his re-election in the Osun State governorship election.

The two opposition figures separately reacted to Adeleke’s victory in posts on their X accounts on Sunday, commending Osun voters and highlighting the significance of the election to Nigeria’s democracy.

Atiku described Adeleke’s victory as a reflection of the choice made by the people of Osun at the ballot box.

“I congratulate Governor Ademola Adeleke, @AAdeleke_01, on his re-election as Governor of Osun State. His victory demonstrates the choice of the people of Osun as expressed at the ballot box,” Atiku said.

He also commended the electorate for what he described as their passion and peaceful participation in the election, while wishing Adeleke success in his second term.

“I commend the people for their passion and peaceful participation. I wish Governor Adeleke continued success as he continues to serve them,” he added.

Obi, in his reaction, titled “Osun: When the People Stand, Democracy Wins,” also congratulated Adeleke and the people of the state.

He said the election had demonstrated the power of citizens to determine their leaders, adding that Adeleke’s performance and commitment to the people had earned him renewed confidence from the electorate.

Obi particularly praised young voters in Osun for what he described as their vigilance in protecting their democratic mandate.

“The lesson from Osun is clear: democracy is strongest when citizens are alert, conscious of their civic responsibility, and determined to ensure that their votes count,” he said.

The former presidential candidate also used the occasion to urge Nigerians to remain actively involved in the democratic process ahead of the 2027 general elections.

He called on citizens to register, vote and protect their ballots, arguing that Nigerians experiencing hardship, insecurity and deprivation possess the power to demand change through the ballot box.

Obi further urged political actors to prioritise the interests of Nigerians and embrace peace and the rule of law.

“Elections should never be battles of violence, but contests of ideas, competence, character, and service,” he said.

INEC declared Adeleke the winner of the Osun governorship election after he polled 511, 067 votes to defeat his closest challenger, Bola Oyebamiji of the All Progressives Congress, who secured 444, 815 votes.

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