What you need to know about relocation to Lagos

By Mohammed Yakasai

To be honest this is not their initiative. It was the blue print since Governor SLS.

Abuja headquarters cannot accommodate everything. The thought was that since most of the systemically important banks headquarters are in Lagos, those departments that are supervisory in nature should relocate for effectiveness and cost minimization. That was why SLS demolished the old head office building in Lagos and rebuilt a modern building to accommodate the vision.

However, in subsequent years after he left two things happened:

1) The Directors at that time didn’t want to relocate because of the rigours of Lagos and the convenience of Abuja;

2) With the massive political employments in CBN, the Head Office was over populated. Majority of those young men and women prefer to work only in Abuja and the Head Office, and so it was.

I am of the view that what the current management is doing is corrective and should be supported.

Those young boys that were untouchable because of their political lineage and are beginning to see the rule of law re-emerging. It is not their prerogative to determine where they should work. After all, everyone signed a declaration that the bank can post you anywhere at its own discretion.

We are beginning to see the restoration of discipline in the system.

The act of the new Management should not be politicised.

*Mohammed A. Yakasai is a Retired Director of the CBN*