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