A former deputy governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has backed the recent decision to relocate the apex bank’s key departments to Lagos.
The CBN during the week announced plans to decongest its Abuja head office by moving 1,533 staff to other facilities in the city, Lagos, and understaffed branches.
According to a memo released by CBN, the affected departments include Banking Supervision, Other Financial Institutions Supervision, Consumer Protection, Payment System Management, and Financial Policy Regulations, among others.
