Wednesday, September 30, 2026

Political cartels, ‘Lagos boys’ behind Tinubu’s directive on CBN departments’ relocation to Lagos: Ndume

Mr Ndume said he was sure Mr President would reverse the directive.

• January 24, 2024
Senator Ali Ndume
Senator Ali Ndume(Credit; Premium Times Nigeria)

Senate Majority Chief Whip, Ali Ndume, has said President Bola Tinubu is being egged on by “political cartels” and “Lagos boys” to relocate some departments in the Central Bank of Nigeria from Abuja to Lagos.

He, however, expressed certainty that the President would soon rescind the decision.

Speaking on Channels TV on Tuesday, Mr Ndume said it was puzzling that after decades of operating in Abuja, the apex bank would suddenly realise that some departments needed to be moved to Lagos State considered the nation’s “commercial capital.”


He said such decision overlooked the fact that regulators of financial institutions were domiciled in Abuja.

“The regulators of the financial institutions are in Abuja. You want to move because you say Lagos is the commercial capital,” Mr Ndume said during the interview.

“This is one of the mistakes and I am sure Mr President will reverse it because it does not work,” he noted.

The lawmaker said “Lagos boys” were deliberately misleading the President into making wrong decisions that would have political repercussions for the entire country.

“All these Lagos boys who are thinking that Lagos is Nigeria are just misinforming and advising the President wrongly,” Mr Ndume stated.

“Those political cartels that are in the corridors of power are trying to misinform the President and we will tell the President. The President will take action,” the lawmaker said.

He stressed that Mr Tinubu, though a Lagos indigene, is a nationalist and would reassess the matter to reverse the relocation.

He stated, “I am very sure that Mr President will look at this. He is a nationalist and not just a Lagos boy.”

The affected CBN departments include Other Financial Institutions Supervision, Consumer Protection Department, Banking Supervision, Financial Policy Regulations Department and Payment System Management Department.

The Arewa Consultative Forum faulted the relocation earlier in the week.

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.”

Image used to illustrate the story

Economy

Dangote to deliver $16 billion East Africa refinery in 40 months

According to Mr Dangote, the Kenyan refinery would be one of the fastest major projects undertaken by the group.

NPF-NCCC

Anti-Corruption

Police nab two Indians, seven others over alleged N6.2 billion internet fraud

The AIG said the NPF-NCCC was also engaging international partners as part of the ongoing investigation.

President Bola Tinubu

Heading 4

Independence Celebration: Abia, Imo stakeholders differ on Tinubu’s performance

Mr Ubani said the stabilisation of the naira had allowed access to forex based on market forces.

PRESIDENT BOLA AHMED TINUBU

Heading 3

Tinubu to address Nigerians on Independence Day

Mr Tinubu returned from a three-week vacation to Europe on Tuesday.

Governor Abba Yusuf of Kano State

States

Kano govt recruits 2,037 doctors, nurses

Mr Yusuf urged the newly employed personnel to uphold high standards of professionalism.

Adamawa on map

States

FG committed to delivering quality road projects in Adamawa: Official

The controller said that several federal government road projects in the state had been completed.