The Central Bank of Nigeria (CBN) has triggered uncertainty and anxiety among its staff by announcing a head office decongestion plan that will impact 1,533 employees.
As reported by RoyalTimes, the announcement, confirmed through a circular dated January 12, 2024, attributes safety concerns and a desire to enhance efficiency as the primary motivations behind this substantial workforce shift.
The CBN’s Human Resources Department explained that the move aims to optimize the utilization of existing bank facilities in Abuja and Lagos while addressing understaffed branches.
The circular highlighted a significant occupancy discrepancy, with the current staff count at 4,233 exceeding the building’s optimal capacity of 2,700.
The Banking Supervision Department is expected to bear the most immediate impact, as approximately 80% of its staff is slated for relocation to Lagos.