1,500 reassigned CBN employees return to their duties at the Lagos office.

The CBN stated that the relocation was prompted by various factors, including the necessity to align the bank's structure with its functions and objectives. Another driving factor was the redistribution of skills to ensure a more equitable geographical spread of talent within the organization.

In addition, the move was deemed necessary to comply with building regulations, echoing warnings from the facility manager and recommendations from the Committee on Decongestion of the CBN Head Office. These factors collectively contributed to the decision to implement the relocation strategy.

A memo circulated to staff conveyed the initiation of a decongestion action plan at the CBN Head Office. The objective of this plan is to optimize the operational environment of the bank, indicating a commitment to efficiency and improved working conditions for the staff.

This development underscores the strategic efforts undertaken by the CBN to enhance its organizational structure, compliance, and overall operational effectiveness in line with its functions and objectives.