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Home Business News Politics

“There will be political consequences”, Ndume warns Tinubu over the relocation of CBN, FAAN

Cyrus Ademola by Cyrus Ademola
January 24, 2024
in Politics
“There will be political consequences”, Ndume warns Tinubu over the relocation of CBN, FAAN
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The Chief Whip of the Senate, Senator Ali Ndume, has issued a warning to President Bola Tinubu over the plan to relocate some departments of CBN as well as the cooperate headquarters of Federal Airports Authority of Nigeria (FAAN) to Lagos, adding that there will be “political consequences.”

Ndume, who spoke while featuring in an interview with Channels TV, said those behind the decision are “Lagos boys” in Tinubu’s cabinet.

CBN recently issued an internal memo stating its decision to relocate certain offices to Lagos, citing congestion in specific departments. Simultaneously, the government announced plans to move the headquarters of FAAN to enhance operational efficiency and reduce costs.

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However, Ndume contended that if the offices were to be relocated due to congestion, it would be more sensible to consider Nasarawa, Kaduna, Kogi, and other neighbouring states of Abuja for their proximity, rather than the distant city of Lagos.

  • “Some of them think that they know better than everybody. But they don’t know anything.
  • “When you don’t know Nigeria, you only know Lagos, then you start doing things as if Nigeria is Lagos. Lagos is in Nigeria. That’s a wrong decision.
  • “We will not accept it. Besides, you know, they are not doing any favour to Mr. President, because this will have political consequences. Yes. I’m telling you this.
  • “And these guys who are just sitting down there, trying to hang on to Mr. President will not be there to amend the political mistakes or even to correct it because they don’t know anybody. They only know their offices. And they only know that they have brains,” Ndume said.

President Tinubu will Reverse the Decision, Says Ndume

Speaking further, Ndume said he believes the relocation was a mistake and the President will most certainly reverse the decision.

He pointed out that the argument that Lagos is the commercial capital of Nigeria cannot stand since NNPC is not located in the South-South part of the country, emphasizing that Abuja is where all regulatory bodies should be located since it is the federal capital of the country.

  • “The regulators of the financial institutions are in Abuja. You want to move because you say Lagos is the commercial capital. This is one of the mistakes and I am sure Mr President will reverse it because it does not work.
  • “And I’m sure the president will reverse it because it doesn’t work. You can’t have two capitals or is the CBN governor going to be operating from Lagos and the headquarters of the CBN is in Lagos?
  • “Do you say that because the majority of our oil is extracted from the South-south, you take the Nigerian National Petroleum Company Limited (NNPC) to the South-south or because Nigeria’s agricultural produce is more in the north, you take the Ministry of Agriculture to anywhere in the north.
  • “It doesn’t work that way. And that is one of the problems that is cropping up, but I’m very sure, I’m very confident that Mr. President will look at this because he’s a nationalist, not just a Lagos man,” the federal lawmaker said.

What you should know

  • The Central Bank of Nigeria (CBN) recently issued an internal memo, revealing its decision to relocate selected offices to Lagos due to congestion in specific departments.
  • In addition, the government also unveiled its intentions to transfer the headquarters of the Federal Airports Authority of Nigeria (FAAN) to improve operational efficiency and cut costs.
  • In a statement issued by the Director, of Public Affairs and Consumer Protection, Obiageli Orah, the Authority noted that the Abuja location had no office space to contain the activities of the agency.
  • Meanwhile, there has been backlash from the public, particularly from the northern elites who believed that the decision would jettison Abuja’s status as the federal capital of the country.

 

 


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Tags: CBNFAANPresident Bola TinubuSenator Ali Ndume
Cyrus Ademola

Cyrus Ademola

  • Cyrus Ademola is an energy and economy analyst with over half a decade experience in journalism, research-based oped, economic reportage and energy analysis. His works have been featured on different media outlets, covering from oil and gas to business trends.

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Comments 1

  1. Stan says:
    January 24, 2024 at 12:38 pm

    This man is making arrogant and veiled threats to the president. Anyway, what do you expect when a certain group of individuals believe they have the sole prerogative to decide what happens in the country, hence many decisions critical for the development of the country are made from political perspectives rather than for operational efficiency and measurable results. They are quick to claim they stand for national interests whereas all their actions show they in it to push their personal and sectorial interests without any regard for the welfare of the people of the country.

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