Chief Goddy Uwazuruike, a lawyer and one of the top members of Ohanaeze Ndigbo Worldwide, at the weekend applauded the Federal Government for harkening to his call to relocate some departments at the nation’s Central Bank to Lagos.
Uwazuruike had made this disclosure while interacting with journalists last Thursday. He said this literally would reduce the time and costs.
He added that the move would definitely make the processes more effective and efficient for the banking sector in the country.
He mentioned as one of the major reasons, the regular meetings between the governor at CBN and the bank CEOs.
He charged that the decision should not be seen as a political issue, but as one targeted towards improving operational performance.
He also said that the projects, as identified, would be the CBN’s easy operation and the view of the banking sector being monitored up close.
“These moves are intended to reduce time and expenditure in the performance of statutory duty, rather than being a relocation to Lagos as some have argued.
“The relocation will make the operation less cumbersome; it will increase output and really have an overwhelming effect on the banking industry in Nigeria.
“The new location, in Lagos, will make access easier, making it possible for 10 executives of the CBN to cope easily with the demand of seeing over 200 banks.
“With this relocation, therefore, the ability of CBN supervisors to pay unannounced visits to the banks for routine checks would be enhanced.”