Skip to content
Saturday 16 May 2026
  • Home
  • Advertise with us
  • Contact
The Frontier
Click to read
The Frontier
  • News
  • Crime
  • Politics
  • Headlines
  • Education
  • Health
  • Business & Economy
  • Sports
  • More
    • International
    • Religion
    • Entertainment
    • Info Tech
    • Matilda Showbiz
      • Gists
      • Music
      • Gossips
      • Oga MAT
      • Romance
    • Arts & Culture
    • Environment
    • Opinion
    • Features
    • Epistles of Anthony Kila
    • EyeCare with Dr Priscilia Imade
The Frontier
  • News
  • Crime
  • Politics
  • Religion
  • Headlines
  • Education
  • International
  • Business & Economy
  • Entertainment
  • Sports
  • Arts & Culture
  • Environment
  • Health
  • Matilda Showbiz
    • Gists
    • Music
    • Gossips
    • Oga MAT
    • Romance
  • Opinion
  • Epistles of Anthony Kila
  • EyeCare with Dr Priscilia Imade
  • Info Tech
  • Interview
The Frontier
Click to read
Business & Economy
Business & Economy

Sanusi backs relocation of CBN units, departments to Lagos

The FrontierThe FrontierJanuary 25, 2024 5223 Minutes read0

•Sanusi

Former Central Bank of Nigeria(CBN) Governor Sanusi Lamido Sanusi has supported the relocation of some departments of the apex bank from Abuja to Lagos.

He said it was right thing to do, dismissing those against the relocation as playing dirty politics, reports The Nation.

There have been criticisms in some quarters since the CBN announced the relocation of some departments and units to Lagos.

Some northern politicians kicked against the move, warning it would have political consequences.

But Sanusi, who was 14th Emir of Kano, in a statement said the relocation is an “eminently sensible move”.

According to him: “Moving certain functions to the Lagos office ( which is bigger than the Abuja head office) is an eminently sensible move.”

He said he had it in mind to do the same thing while in office but didn’t have sufficient time to see it through.

“In my mind what I would have done was to move FSS and most of Operations to Lagos such that the two deputy governors would be largely operating out of Lagos or, even if they were more in Abuja, the bulk of their operational staff would be in Lagos.

“Economic policy, Corporate services and all the departments reporting to the Governor directly such as Strategy, Audit, Risk management, Governors’ office etc would remain in Abuja.

“It makes eminent strategic sense. And I would have done this if I had stayed.”

He dismissed the opposition against the policy as “absolutely unnecessary” because “The CBN has staff manning its branches and cash offices across the Federation.”

Sanusi added: “Moving staff to the Lagos office to streamline operations and make them more effective and reduce cost is a normal prerogative of management.

“The problem we have now is that many employees are children of politically exposed persons and their Abuja life and businesses are more important than the CBN work.

“The CBN is just an address for them and if they have to choose between their spoilt Abuja life and the job, they would gladly leave the CBN.

“All the more reason for the Governor to put his foot down and get rid of those elements they are dangerous for the bank’s future

“The question of locating functions is a STRATEGIC and not tactical one. A proper analysis should be done to identify which roles are best suited to Lagos and which to Abuja. Once the logic is clear the people then follow. Non communication of strategic intent opens the door to mischievous misrepresentation and arbitrariness.

“I don’t like the idea of arguing that the office structure cannot handle the staff numbers. I am sure Julius Berger would refute that if they wanted to engage.”

On how the relocation of staff should be done, he suggested: “Individual situations should be considered. As much as possible we should be empathetic. For example young mothers with kids in school who do not need to move can be prioritised to stay in Abuja or those with medical conditions etc.”

He advised the CBN not to bend to political pressure, saying it must push through decisions no matter how tough.

According to him: “My advice to the Governor is to go ahead with his policy. Once the CBN starts bending to political pressure on one thing it will continue doing so.

“Northern politicians will shout that this is moving from Abuja to Lagos. Abuja is a federal capital not a northern issue. So long as this is a principled decision the noise should be ignored.

“When I was about to license Jaiz bank there was a lot of religious noise from CAN etc. Even enlightened people like Okey Emelamah were going to sue me to court on religious grounds. I ignored it and licenced the bank. Nothing happened.

“A Christian Governor after me licenced at least two more non-interest banks. No one is even noticing again.

“Ethnic and religious bigots will always shout. The CBN should rise above it and just do what needs to be done. It is a very unpopular and difficult job and the Governor needs to be tough.”

Tags
backsCBNrelocationSanusiunits
FacebookTwitterWhatsAppLinkedInEmailLink
Previous post Full fixtures of Africa Cup of Nations round of 16
next post Northern youths to FG: Don’t sell crude oil to Dangote refinery in dollars
Related posts
  • Related posts
  • More from author
Business & Economy

Billionaire businessman Otedola acquires additional N43 billion FirstHoldCo shares

May 14, 20260
Business & Economy

Dangote rejects NNPC offer to increase stake in refinery

May 14, 20260
Business & Economy

Nigerians defy increasing petrol prices as consumption rises by 10.8% to 52.4 million litres

May 13, 20260
Load more
Read also
Inside Akwa Ibom Today

inside the Hill top newspaper

February 9, 20250
News

Tinubu arrives in Lagos after 3-nation trip

May 16, 20260
Africa

Nigeria grants 30-day visa-free entry to Rwandan citizens

May 16, 20260
Africa

Several injured in Libya football clashes, govt building set on fire

May 16, 20260
Sports

Bayern veteran Neuer signs one-year contract extension

May 15, 20260
Entertainment

relationship because of kissing scenes in movies – Actress Sandra Okunzuwa

May 15, 20260
Crime

UPDATED: Teacher killed, pupils, staff abducted as gunmen attack schools in Oyo

May 15, 20260
Load more

inside the Hill top newspaper

February 9, 2025

Tinubu arrives in Lagos after 3-nation trip

May 16, 2026

Nigeria grants 30-day visa-free entry to Rwandan citizens

May 16, 2026

Several injured in Libya football clashes, govt building set on fire

May 16, 2026

Bayern veteran Neuer signs one-year contract extension

May 15, 2026

relationship because of kissing scenes in movies – Actress Sandra Okunzuwa

May 15, 2026

inside the Hill top newspaper

0 Comments

Tinubu arrives in Lagos after 3-nation trip

0 Comments

5 burnt to death scooping fuel from fallen tanker

0 Comments

Naira slumps further as dollar scarcity bites harder

0 Comments

BREAKING: Appeal Court sacks Senate Minority Leader, orders election rerun

0 Comments

Again, Trump fined $10,000 for violating gag order

0 Comments

Follow us

FacebookLike our page
InstagramFollow us
YoutubeSubscribe to our channel
WhatsappContact us
Latest news
1

inside the Hill top newspaper

February 9, 2025
2

PDP crisis: Abuja Police Command denies presence at venue

November 19, 2025
3

Polish president urges US to transfer nuclear weapons to Poland

March 13, 2025
4

TikToker Peller to begin nationwide tour tomorrow

March 5, 2026
5

Gov Fubara promises to immortalise Wigwe, support his University

February 15, 2024
6

Labour Party chairman, Abure at INEC, dismisses reports of rift with Peter Obi, Otti

January 23, 2025
Popular
1

inside the Hill top newspaper

February 9, 2025
2

TRAGEDY: 3 children found dead in father’s car

September 26, 2025
3

Coach Postecoglou warns Spurs to beware ‘cautionary’ Newcastle example

April 12, 2024
4

Orphanage owner remanded over abduction of 600 children

October 15, 2025
5

Last-minute rush in Ondo as residents troop to markets on election eve

November 15, 2024
6

Demolition: Lagos Assembly bans construction in Makoko, Shogunle

February 26, 2026

About The Frontier

The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.

Most viewed

inside the Hill top newspaper

February 9, 2025

JUST IN: Rivers Sole Administrator Ibas ignores court order, appoints administrators for all LGAs •FULL LIST

April 9, 2025

Ize-Iyamu withdraws from APC primary for Edo guber election

February 16, 2024

Kaduna village bombing: The untold story

December 10, 2023

Reactions as court upholds conviction of Prof jailed for rigging election

April 30, 2025
Top posts

Categories

  • News4542
  • Politics4050
  • Crime3880
  • International2727
  • Sports2250
  • Business & Economy2111
  • Headlines2067
  • Education1252
  • Matilda Showbiz884
  • Health797
  • Entertainment733
  • Africa458
  • Religion448
  • Environment319
  • Special261
  • Arts & Culture226
  • Hunger protests in Nigeria224
  • Info Tech219
  • Interview176
  • Inside Akwa Ibom Today172
  • Opinion145
  • EyeCare with Dr Priscilia Imade116
  • Advert30
  • Epistles of Anthony Kila19
  • Trends16
  • Local News4

© 2026 The Frontier, Published by Okims Media Links Limited.

designed by winnet services

  • Home
  • Advertise with us
  • Contact