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Sanusi backs CBN on departments relocation

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. PUNCH reports.informationguidenigeria

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


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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.NYSC Portal

“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.

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“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.JAMB Portal

“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.

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“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.JAMB Result

“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.”

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Emediong Silver

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing. Whatapp: 08088735884

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