Thursday, September 10, 2026

Tinubu’s relocation of CBN to Lagos favours North, South: Mohammed Idris

“These are pragmatic administrative steps to improve operational efficiency and reduce operating costs,” said Mr Idris.

and • January 29, 2024
Mohammed Ndume and Mohammed Idris
Mohammed Ndume and Mohammed Idris

Information minister Mohammed Idris says the relocation of some Central Bank of Nigeria (CBN) departments and the Federal Airports Authority of Nigeria (FAAN) headquarters to Lagos (in the South-West) by President Bola Tinubu favours the North.

Africa’s most populous nation is divided almost equally between North and South.

This came amid opposition to the relocation by the Arewa Consultative Forum (ACF) and some northern politicians, who claimed it was anti-North. 

In a statement on Sunday, Mr Idris said such a claim was aimed at dividing the country. 

“It is not true that the relocation to Lagos of the Headquarters of the Federal Airports Authority of Nigeria (FAAN) and of certain departments of the Central Bank of Nigeria (CBN) are political moves aimed at marginalising a section of the country,” the minister said. 

Mr Idris added, “These allegations are unfounded. Instead, these are pragmatic administrative steps to improve operational efficiency and reduce operating costs.”

He urged “all Nigerians to be especially mindful of all persons and groups at home and abroad, who specialise in making false and inciting claims on radio, TV and social media, as well as in peddling altered videos and images for viral dissemination.”

The minister stressed the need for the citizens to “stand together as one, against these forces that constantly seek to test and break the bonds that hold us.”

On Tuesday, Senator Ali Ndume accused the “Lagos boys” of being behind the relocation, which he described as a “mistake” that would soon be reversed. A coalition of northern youths also threatened to organise protests across the 19 northern states to oppose the relocation directive.

In an internal memo last week, CBN said that transferring some departments to Lagos state aimed to decongest the Abuja headquarters and optimise “the operational environment of the bank.”

The affected CBN departments include Other Financial Institutions Supervision (OFISD), Consumer Protection Department (CPD), Banking Supervision (DBS), Financial Policy Regulations Department (FPRD) and Payment System Management Department (PSMD).

But presidential media aide Bayo Onanuga described the northerners castigating Mr Tinubu’s decision as disgruntled northern elements bent on emasculating the incumbent president’s regime.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

National Rescue Movement (NRM), Esther Okereke

Politics

Blocking Obi from visiting ravaged Benue community violated peace accord: NRM Presidential Candidate

Ms Okereke said all stakeholders must respect democratic principles to ensure a peaceful electoral process.

Ibrahim Khalil

Rights

Gov Yusuf directs security to fish out killers of social media influencer

Governor Abba Yusuf has condemned the killing of social media influencer Ibrahim Khalil, aka Danshagamu and directed security forces to fish out the killers.

Tea industry

Africa

Uganda approves $9 million tax waiver to assist struggling tea industry

The Ugandan parliament has agreed to waive $9.26 million in tax arrears owed by tea factories to ease the financial burden on the country’s tea industry.

Sunbeth Global Concepts

Agriculture

Agro-commodities company redeems ₦25 billion commercial paper, restores investor confidence

The firm announced the redemption of its ₦25.1 billion Series 1 Commercial Paper issued under its ₦200 billion Commercial Paper Programme.

States

Two Kano residents arrested for stabbing neighbour to death

The police command in Kano has arrested two suspects for stabbing Ibrahim Khalil Danshagamu to death in Quarters, Kumbotso council area.

Treated mosquito nets

Health

Local production of dual-active-ingredient mosquito nets begins in Nigeria

Health minister Muhammad Ali Pate said the local production of PermaNet® Dual mosquito nets showed the Nigerian government’s commitment to the health sector.