Close Menu
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
What's Hot

Wike is a disaster, I won’t attend PDP meetings until he is expelled – Sule Lamido

FCTA yet to reopen PDP secretariat 24 hours after President Tinubu’s directive

Niger State workers lament 10% deductions in May salary, third-party charges

Facebook X (Twitter) Instagram
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
Facebook X (Twitter) Instagram Pinterest
DAILY BLAST
Contact
HOT TOPICS
  • Home
  • Politics
  • Entertainment
  • News
  • Interviews
  • Events
  • Fashion
  • Article
  • Lifestyle
  • Movies & TV
  • Music
DAILY BLAST
You are at:Home»Breaking News»CBN departments relocation is eminently sensible – Sanusi
Breaking News

CBN departments relocation is eminently sensible – Sanusi

DailyblastBy DailyblastJanuary 26, 2024002 Mins Read
Share WhatsApp Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
Share
Facebook Twitter LinkedIn Pinterest Email WhatsApp Copy Link

The former Emir of Kano, Sanusi Lamido, has urged the Central Bank of Nigeria to go ahead with the move to relocate selected departments from Abuja headquarters to Lagos.

The former CBN Governor, in a statement on Thursday, deemed the move as “eminently sensible,” citing the larger infrastructure capacity in the Lagos office.

Related posts:

  1. I don’t want to help this government – Former CBN Governor, Sanusi Lamido Sanusi
  2. Forget north’s votes in 2027 if you move CBN, FAAN departments to Lagos – Katsina elders warn Tinubu
  3. Northern senators oppose relocation of federal agencies from Abuja to Lagos
  4. Peter Obi backs Nigerian nurses seeking relocation abroad for ‘greener pastures’

The apex bank’s decision to relocate some of its departments from Abuja to Lagos had ignited controversies in the past weeks, particularly from the Northern political class.

They argued that such relocation may exacerbate economic disparities between the North and South.

Sanusi advised the CBN Governor, Olayemi Cardoso, against yielding to political pressures surrounding the contentious move.

“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 get my license at Jaiz Bank there was a lot of religious noise from CAN, etc. Even enlightened people like Okey Emelamah were going to sue me in court on religious grounds. I ignored it and licensed the bank. Nothing happened.

According to the former CBN, a Christian governor after him licensed 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,” he noted.

Sanusi revealed that he had contemplated a similar move during his tenure as CBN governor but was unable to execute the plan due to time constraints.

“In my mind, what I would have done was to move FSS and most 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.”

Post Views: 172
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram WhatsApp Copy Link
Previous ArticleSoludo pays solidarity visit to embattled former governor Obiano
Next Article Suspected herdsmen attack Benue communities, kill two, burn over 17 houses
Dailyblast

Related Posts

Five Nigerian migrants arrested for alleged theft in Libya

May 27, 2025

EFCC arraigns Benin socialite, Kelly Okungbowa for Naira abuse

May 27, 2025

Children’s Day: Tinubu celebrates Nigerian children, condemns bullying (Full text)

May 27, 2025
Add A Comment

Comments are closed.

Recent Posts
  • Wike is a disaster, I won’t attend PDP meetings until he is expelled – Sule Lamido May 28, 2025
  • FCTA yet to reopen PDP secretariat 24 hours after President Tinubu’s directive May 28, 2025
  • Niger State workers lament 10% deductions in May salary, third-party charges May 28, 2025
  • Governor Nwifuru unveils EBOCAB: A bold step towards transforming Ebonyi’s transport sector May 28, 2025
  • Multiple children dead as Diphtheria outbreak forces school closure in Imo community May 28, 2025
Top Posts

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,205 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,076 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025598 Views
Latest Reviews
Most Popular

(Video) female prison officer filmed having sex with inmate in London prison

June 29, 20241,205 Views

UNN suspends lecturer for allegedly impregnating four students

February 17, 20253,076 Views

(Photos) Blood bath in Ihiala as gunmen kill billionaire businessman, seven others while preparing for mother’s burial

January 2, 2025598 Views
Our Picks

Wike is a disaster, I won’t attend PDP meetings until he is expelled – Sule Lamido

FCTA yet to reopen PDP secretariat 24 hours after President Tinubu’s directive

Niger State workers lament 10% deductions in May salary, third-party charges

© 2025
  • Privacy Policy
  • Contact

Type above and press Enter to search. Press Esc to cancel.