Monday, October 12, 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

Nigerian Bar Association

States

Independence: NBA urges Nigerians to expect better future

The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

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.”

Alex Otti

States

Otti advises Abia residents to reject election-season politicians’ promises

The bishop thanked God for giving Abia the opportunity to be governed by Mr Otti.

NiMet

Heading 3

NiMet predicts three-day rain, sunshine nationwide from Monday

The agency also predicted cloudy skies with intervals of sunshine across the southern region.

States

Environmentalists seek probe into Bayelsa, Rivers tremors

A fruit seller, Benita Douglas, said the vibration broke another trader’s table.

States

Coalition urges investment in girls’ education to end child marriage

Mr Ibn-Attahir said keeping girls in school was essential to ending child marriage.

Hot news Home top

FG condemns Houthi attack on Saudi Arabia’s airport, urges restraint

The ministry stressed the need to respect Saudi Arabia’s sovereignty and territorial integrity.

Uche Nnaji

States

PDP governorship candidate vows free shops for traders affected by Enugu market demolition

Mr Nnaji described trading as an integral part of the people’s economic and social life.