Connect with us


It makes strategic sense’, Sanusi backs relocation of CBN units, departments to Lagos



We did not banish Sanusi from Kano —AG

A former Governor of the Central Bank of Nigeria(CBN), Sanusi Lamido Sanusi has backed the planned relocation of some departments of the apex bank from Abuja to Lagos.

Sanusi, who noted that the relocation makes strategic sense, said it was the right thing to do, dismissing those against the relocation as playing dirty politics.

Ripples Nigeria reports that there have been criticisms in some quarters since the CBN announced the relocation of some departments and units to Lagos.

Some northern politicians kicked against the move, warning it would have political consequences.

But Sanusi, who was 14th Emir of Kano, in a statement on Wednesday, said the relocation is an “eminently sensible move”.

He said: “Moving certain functions to the Lagos office ( which is bigger than the Abuja head office) is an eminently sensible move.”

He said he had it in mind to do the same thing while in office but didn’t have sufficient time to see it through.

“In my mind what I would have done was to move FSS and most of 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.

“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.”

Sanusi also dismissed the opposition against the policy as “absolutely unnecessary” because “The CBN has staff manning its branches and cash offices across the Federation.”

Read also: Nigeria to launch Smart National Transport Databank Initiative. 2 other stories and a trivia

He added: “Moving staff to the Lagos office to streamline operations and make them more effective and reduce cost is a normal prerogative of management.

“The problem we have now is that many employees are children of politically exposed persons and their Abuja life and businesses are more important than the CBN work.

“The CBN is just an address for them and if they have to choose between their spoilt Abuja life and the job, they would gladly leave the CBN.

“All the more reason for the Governor to put his foot down and get rid of those elements they are dangerous for the bank’s future

“The question of locating functions is a STRATEGIC and not tactical one. A proper analysis should be done to identify which roles are best suited to Lagos and which to Abuja. Once the logic is clear the people then follow. Non communication of strategic intent opens the door to mischievous misrepresentation and arbitrariness.

“I don’t like the idea of arguing that the office structure can not handle the staff numbers. I am sure Julius Berger would refute that if they wanted to engage.”

Speaking on how relocation of staff should be handled Sanusi suggested: “Individual situations should be considered. As much as possible we should be empathetic. For example young mothers with kids in school who do not need to move can be prioritised to stay in Abuja or those with medical conditions etc.”

He advised the CBN not to bend to political pressure, saying it must push through decisions how matter tough.

“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.

“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 license Jaiz bank there was a lot of religious noise from CAN etc. Even enlightened people like Okey Emelamah were going to sue me to court on religious grounds. I ignored it and licenced the bank. Nothing happened.

“A christian Governor after me licenced at least two more non- interest banks. 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.”

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now