FULL LIST: CBN Departments Relocated to Lagos

The Central Bank of Nigeria (CBN) is implementing a plan to decongest its head office, as indicated in a circular dated January 12, 2023.

The directive from the human resources director emphasizes the importance of adhering to safety standards and improving office space efficiency. The decision to relocate is driven by concerns about safety, increased health and accident risks, and the need for compliance with building regulations.

The move follows repeated warnings from the facility manager and recommendations from a committee dedicated to alleviating congestion in the CBN head office.

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Here’s a list of departments moving to Lagos:

1. Banking Supervision: Responsible for overseeing the banking sector, ensuring compliance, and maintaining stability.
2. Other Financial Institutions Supervision: Tasked with regulating non-banking financial institutions to safeguard the financial system.
3. Consumer Protection Department: Dedicated to protecting the rights and interests of consumers in financial transactions.
4. Payment System Management Department: Facilitating efficient and secure payment systems to support economic transactions.
5. Financial Policy Regulations Department: Formulating and implementing policies to regulate financial activities and promote economic stability.