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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.
The Supreme Court has reserved its judgment in the appeal filed by the Taminu Turaki-led group of the Peoples’ Democratic Party (PDP) seeking to overturn the judgment of the Court of Appeal, which nullified the conduct of the party’s national convention, held last year in Ibadan, Oyo State.
A five-member panel of the apex court announced on Wednesday that its judgment would be delivered on a date to be communicated to all parties in the appeal.
Justice Garba Mohammed, who led the five-member panel, made the announcement shortly after lawyers representing parties in the appeal adopted their processes as briefs of their arguments for and against the appeal.
The appeal was filed by the Turaki-led group’s national executives of the party who emerged from the convention.
They had approached the apex court to challenge the judgment of the Court of Appeal, which had nullified the convention for being held in disobedience of a valid order of the court.
While adopting their brief of argument filed on April 2, the appellants, through their team of lawyers led by Paul Erokoro (SAN), urged the Supreme Court not only to allow their appeal but also to dismiss a cross-appeal lodged against them by a leadership group in the party aligned with the Minister of the Federal Capital Territory (FCT), Nyesom Wike.
Meanwhile, Lamido, who was represented by J. C. Njikonye (SAN), as well as the Wike-backed group represented by Joseph Daudu (SAN), filed preliminary objections seeking dismissal of the appeal.
The respondents insisted that, contrary to the contention by the Turaki-led group, the appeal did not fall within the sphere of the PDP’s internal affairs.
It was the respondents’ position that both the high court and the appellate court had rightly exercised jurisdiction over the matter.
Justice Peter Lifu of the Federal High Court in Abuja, in a judgment last year, restrained the then-Ambassador Iliya Damagum-led National Executive Committee of the PDP from proceeding with the convention slated for November 15 and 16, 2026, in Ibadan, Oyo State.
Justice Lifu had ordered that the convention should not hold until an aspirant to the office of national chairman, former Jigawa State Governor Sule Lamido, is allowed to purchase interest and nomination forms to enable him to participate in the convention for the election of national officers.
The party, however, went ahead to conduct the convention in disregard of the orders of the court.
The PDP had predicated its action to conduct the convention on the grounds that the court lacked the jurisdiction to stop the convention, as the issue brought before it was an internal matter of the PDP, which no court has jurisdiction to delve into.
However, the appellate court in its judgment last month disagreed that the issue at the trial court was an internal affair of a political party, which courts cannot entertain.
The three-member panel of the appellate court subsequently nullified the outcome of the convention for being held in disobedience to the orders of the Federal High Court, Abuja.
Dissatisfied, the PDP approached the apex court, praying it to accept the appeal against the lower court judgment, set the judgment aside, and hold that the issue was an internal matter of the PDP, which both the Court of Appeal and the Federal High Court lacked jurisdiction to entertain.
However, the respondents in the appeal urged the court to dismiss the appeal for lack of merit and hold otherwise.
The Court of Appeal in Abuja has dismissed the appeal filed by Julius Abure challenging the legitimacy of the Nenadi Usman-led leadership of the Labour Party (LP).
A three-member panel of the appellate court, in a Tuesday judgment, unanimously affirmed the January 21 judgment by Justice Peter Lifu of the Federal High Court in Abuja, which upheld the legitimacy of the 29-member caretaker committee of the LP, led by Senator Usman.
In the lead judgment delivered by Justice Oyejoju Oyewumi, which Justices Abba Mohammed and Eberechi Nyesom-Wike agreed with, the appellate court held that the earlier Supreme Court judgment conclusively settled the leadership dispute within the LP by nullifying the convention that purportedly returned Abure as National Chairman.
Justice Lifu had, in the January 21 judgment, relied on an April 4, 2025, decision of the Supreme Court, which held that Abure’s tenure as the party’s National Chairman had expired. The judgment directed the Independent National Electoral Commission (INEC) to recognize Senator Usman and other members of her committee as the legitimate leaders of the party, to the exclusion of all others.
The court further held that the lower court had the power under Section 251 of the Constitution to compel a statutory Federal government agency to perform its functions when it ordered INEC to recognize Senator Nenadi Usman as the National Chairman of the Labour Party.
It was equally agreed with the trial court that constituting the LP’s caretaker committee, headed by Usman, was a doctrine of necessity required to provide leadership in the party when a vacuum appeared to exist.
The court faulted Abure’s claim that the trial court denied him a fair hearing and accused him of abusing the court process.
The court also accused Abure of forum shopping by appearing before the Nasarawa State High Court in a case already decided by the Supreme Court, and of persisting in the claim the party’s leadership despite the apex court’s clear and unambiguous pronouncement.
It held that the appeal, marked: CA/ABJ/CV/255/2026, was devoid of merit and constituted an abuse of court process.
“On the whole, I agree with the decision and conclusion of the trial court as the same, being in accordance with the Constitution,” Justice Oyewumi held, adding that the lower court reached a reasonable conclusion that the Court of Appeal cannot fault.
While dismissing the appeal, the court awarded him costs of N10 million for wasting the court’s time on an issue that had already been conclusively determined.
Earlier, the court held that Nenadi Usman, as a juristic person, had the right to file the case before the trial court, and that the trial court had jurisdiction to hear and determine the case.
The court also rejected Abure’s allegation that the lower court denied him a fair hearing, noting that the claim lacked any basis.
President Bola Tinubu has approved a minor cabinet reshuffle in the membership of the Federal Executive Council (FEC).
According to a memo signed by the Secretary to the Government of the Federation, Senator George Akume, two cabinet members, Mr. Wale Edun and Arc. Ahmed Musa Dangiwa are to leave the cabinet while their replacements have been named.
A statement signed by the Special Adviser, Media and Publicity to the Secretary to the Government of the Federation, Yomi Odunuga, on Tuesday evening, said Edun, until the latest development, was the Minister of Finance and Coordinating Minister for the Economy.
“He has been directed to hand over to Mr. Taiwo Oyedele, who is now to take over as Minister of Finance and Coordinating Minister of the Economy. Oyedele was formerly a Minister of State in the ministry.
“Also Mr. Muttaqha Rabe Darma (PhD.) has been named as the ministerial nominee and minister-designate for the Housing and Urban Development Ministry,” Odunuga stated.
The memo also directed Dangiwa to hand over to the Minister of State in the ministry pending Darma’s confirmation.
The memo stated that “all handing over and taking over processes should be completed on or before close of business on Thursday 23rd April, 2026.”
Explaining the President’s decision, Odunuga quoted Akume as saying: “These changes are aimed at strengthening cohesion, synergy in governance as well as achieving more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda.”
He said the President, in approving the cabinet reshuffle, has fully exercised his powers as conferred on him by Sections 147 and 148 of the Constitution of the Federal Republic of Nigeria (1999, as amended).
The President thanked the outgoing ministers for their services to the nation while wishing them the best in all their future endeavours.
The President, Akume noted, equally assured all cabinet members that “the process of reinvigoration shall be continuous.”
