• About
  • Advertise
  • Careers
  • Contact Us
Saturday, July 5, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Economy Finance

CBN’s Lagos Office Underutilised 12 Year after Inauguration – Moghalu

…Says members of staff worries over planned relocation unfounded

by Techeconomy
January 15, 2024
in Finance
1
Kingsley Moghalu, ex-CBN Deputy Governor
Kingsley Moghalu, ex-CBN Deputy Governor

Kingsley Moghalu, ex-CBN Deputy Governor

UBA
Advertisements

Kingsley Moghalu, a former deputy governor at the Central Bank of Nigeria (CBN) has pointed out that the Lagos office, inaugurated 12 years ago, has remained underutilised.

CBN recently announcement to relocate key departments to its Lagos office which stirred mixed reactions, with some workers at the apex bank reportedly expressing “disquiet” about the move.

But in a reaction to the reported “disquiet” among the state, Moghalu, has supported the move.

He points out that the Lagos office, inaugurated during his tenure 12 years ago, has remained underutilised.

The CBN issued a circular outlining its plan to decongest its Abuja headquarters, citing exceeding occupancy levels and concerns over health and safety.

The bank aims to move 1,533 staff to other facilities in Abuja, Lagos, and understaffed branches.

However, the Daily Nigerian reported disquiet among some CBN workers, with concerns that the relocation would render the Abuja office “useless.”

Moghalu, wrote on his X handle, “I don’t see any serious basis for such “disquiet”. A new Lagos Office for the Bank was completed and inaugurated about 12 years ago while I was at the Bank. As far as I can remember, it was under-utilised.

“Meanwhile, the numbers of staff in the Abuja HQ are vastly over the health and safety limits of the building. Moreover, the market entities supervised by the Departments that will move to Lagos are mostly in Lagos. So what’s the problem? Seems a rational decision to me.”

His tweet:

I have seen reports of “disquiet” among some @cenbank staffers over the Bank management’s decision to move some its departments to the CBN Lagos office. I don’t see any serious basis for such “disquiet”. A new Lagos Office for the Bank was completed and inaugurated about 12 yrs

— Kingsley Moghalu OON (@MoghaluKingsley) January 14, 2024

Loading

Advertisements
MTN ADS

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: CBNKingsley Moghalu
Techeconomy

Techeconomy

Next Post
Control-D

Control-D in Mitigating Crop Losses and Empowering Nigerian Cassava Farmers

Comments 1

  1. Pingback: CBN Moves Five Departments to Lagos, 1,500 Members of Staff Redeployed - Tech | Business | Economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

IIM Africa Announces 2022 National Digital Transformation and Data Protection Awareness Campaign

3 years ago
Telecom Operators - MNOs want price regime review

BREAKING: MNOs Seek SMS, Data, Call Price Review

2 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.