Bank of Industry's HQ Relocation to Eko Atlantic City Raises Questions

The Nigerian Bank of Industry (BOI) is facing scrutiny for its decision to move its headquarters to Eko Atlantic City in Lagos, despite already having offices in Lagos and Abuja. The Federal Executive Council approved the relocation project, which aims to support the BOI's role in financing industrial growth for SMEs and export-oriented manufacturing.

The BOI is described as Nigeria's oldest and largest development finance institution, supporting various sectors nationwide.