CBN to resuscitate 82 acres staff estate in Ibadan

Work will soon commenced on the abandoned 82 acres of The Central Bank of Nigeria’s (CBN) has made move to resuscitate the abandoned 82 acres of staff estate located in Owode, Apata area of Ibadan, Oyo State. The CBN’s Deputy-Governor

(Corporate Services), Mr. Bayo Adelabu while on the on- spot assessment of the abadoned housing units, lamented the culture of waste and undue neglect that “this very massive property containing several blocks of housing units has been made to go through in a way that this place is in a state of neglect.” He said, CBN under the current leadership of our Governor, Godwin Emefiele is a sensitive, responsible organization.
“You recall there was a news item in a newspaper about the neglect of a property which belongs to CBN last week. Immediately we read the news, we have to respond promptly because it is our belief that a very massive property containing several blocks of housing units that is in a state of neglect must be brought back to life,” Adelabu said. “When they set up this place, the bank had a good plan in mind to serve as staff quarters but maybe due to monetization policy of the Federal Government and a lot of other projects which CBN is involved in, it was abandoned. But I like to assure the members of the public that we will swing into action and give it the kind of attention it needed to bring life back into this place.
“I assure you that the new management of the CBN is very responsive and responsible and we shall do everything to make sure that this trend is reversed. “We will begin with the clearing of the whole place and provide adequate security in terms of police protection for the place. we will not tolerate or condone any nefarious activities in this place any longer. We will collaborate with the state government to put this place back into normal and do all within our powers, with the support of the state government, to guide against a repeat of what happened at Soka from taking place here