Senator Ndume Reveals Those Misleading Tinubu To Relocate CBN, FAAN Departments
Faith Ukanwa
Jan 25, 2024
Senator Ndume Reveals Those Misleading Tinubu To Relocate CBN, FAAN Departments
READ ALSO: 7 Online Money Traps Young Nigerians Are Falling Into
Senator Ali Ndume, representing Borno South Senatorial district, has alleged that President Bola Tinubu is being misled to relocate to Lagos, some of the departments of the Central Bank of Nigeria (CBN), and the Federal Airports Authority of Nigeria (FAAN).
READ ALSO: Kano Governor Suspends KASCO MD, Minjibir | READ WHY
Ndume, the Chief Whip of the Senate accused 'Lagos boys' and 'political cartels' of instigating the president to move the departments from Abuja to Lagos.
READ ALSO: How CBN's New Policy Will Force Banks To Instantly Refund Failed ATM Transactions
"All these Lagos boys who are thinking that Lagos is Nigeria are just misinforming and advising the President wrongly".
READ ALSO: Nigeria's Economy Set to Grow 4.7% in 2026 - Edun Projects Job-Rich, Investment-Led Growth
"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.
READ ALSO: Edo LG by-election: EDSIEC to conduct election in 63 wards in 15 local governments
"They are not doing any favour to Mr President because this will have political consequences," Senator Ndume stated during an interview with Channels Television on Tuesday.
READ ALSO: Bring Back Cashless Policy, Naira Will Increase Value - Yul Edochie Begs Tinubu
He added;
READ ALSO: Pastra Arinze Etie Explains How Governor Otti is Ending Revenue Leakages in Abia State
"We only have one Federal Capital and that is Abuja.
READ ALSO: Ketanji Brown Jackson Becomes 1st Black Woman In US Supreme Court
"The regulators of the financial institutions are supposed to be or are in Abuja. Do you want them to move back because you say Lagos is the commercial capital?
"This is one of the mistakes and I'm sure Mr President will reverse it because it doesn't work. You can't have two capitals.
READ ALSO: ABIA: Family Of Late Justice Ogbonnaya Calls For Help As Landslide Takes Over Property In Bende
"Is the CBN governor going to be operating from Lagos? Or do you now say that because the majority of our oil is extracted from South-South, you take NNPC to South-South?
READ ALSO: After Storming Out Of The Ring In Anger, Anthony Joshua Returned To Praise Usyk | WATCH VIDEO
"Or is it because Nigeria's agriculture is more in the North, you take Ministry of Agric to anywhere in the North? It doesn't work that way."
"I'm very sure and confident that Mr. President will look at this situation because he is a nationalist and not just a Lagos man."
READ ALSO: 7 Online Money Traps Young Nigerians Are Falling Into
Some of the CBN departments targeted for relocation are the Banking Supervision, Other Financial Institutions Supervision, Consumer Protection Department, Payment System Management Department, and Financial Policy Regulations Department.
READ ALSO: Kano Governor Suspends KASCO MD, Minjibir | READ WHY
According to the Director of Public Affairs and Consumer Protection, FAAN, Obiageli Orah;
READ ALSO: How CBN's New Policy Will Force Banks To Instantly Refund Failed ATM Transactions
"The Minister (Festus Keyamo) has decided to stop this waste of public resources and rip-off on the public purse."
Related Stories
Nigeria's Economy Set to Grow 4.7% in 2026 - Edun Projects Job-Rich, Investment-Led Growth
Pastra Arinze Etie Explains How Governor Otti is Ending Revenue Leakages in Abia State
How Trump's Threat Triggered N2.8 Trillion Stock Market Crash In Nigeria - Investors Panic As Confidence Plummets
How CBN's New Policy Will Force Banks To Instantly Refund Failed ATM Transactions
Bring Back Cashless Policy, Naira Will Increase Value - Yul Edochie Begs Tinubu
7 Online Money Traps Young Nigerians Are Falling Into
""
— Faith Ukanwa