close
Saturday, February 18, 2023

Naira Scarcity: CIBN sues for calm, reassures banks will remain open

• February 18, 2023
Chartered Institute of Bankers of Nigeria (CIBN)
Chartered Institute of Bankers of Nigeria (CIBN)

The Chartered Institute of Bankers of Nigeria (CIBN) said it was liaising with the Body of Banks CEOs to address the current challenges caused by the scarcity of the redesigned banknotes.

Ken Opara, the president/chairman of council, CIBN, said this in a statement on Saturday in Lagos.

He said that the banks would remain open to serve the public as long as it was safe. He added that the safety and security of bank staff were paramount.

“Hence, where there is a security challenge, the management of banks have been empowered to take proactive measures to close their operations in such location and inform the Central Bank of Nigeria.

“Therefore, the safety concerns being expressed in various quarters are already being addressed.

“Banks will continue to ensure that adequate security measures are in place to protect staff and customers whilst safeguarding their assets in contending with the current challenge,” Mr Opara said.

He appealed to the general public to remain calm and eschew any act of violence, adding that the banking industry remained resolute and committed to finding ways to address all the related issues.

“We indeed appreciate your continued patience and understanding as we work together towards restoring normalcy,” he said.

Alleged customers have attacked many commercial banks, with protests recorded in different states across the country over the scarcity of the redesigned denominated banknotes. 

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Samuel Ortom

States

Ortom urges Nigerians to work for violence-free general election

The Benue State governor urged Nigerians to eschew abusive and violent tendencies to ensure a peaceful general election.

2023 FIFA WOMEN'S WORLD CUP

Sport

Cameroon, Haiti advance to next round of Women’s World Cup playoffs

Cameroon will now face Portugal in on Wednesday and Haiti will take on Chile same day to secure two of the three remaining spots.

Peter Obi and Governor Aminu Tambuwal

Politics

Peter Obi’s campaign based on ethnic identity; he doesn’t have 170,000 polling agents: Tambuwal

Aminu Tambuwal, the DG of the PDP presidential campaign council, said Mr Obi does not have Nigeria’s interest at heart.

EFCC-OPERATIVES

Anti-Corruption

EFCC helps NHIS to recover N900 million ‘fraudulently’ withheld by banks

Some deposit money banks fraudulently withheld the sum since 2015 and refused to remit into the Treasury Single Account for NHIS.

James Ward-Prowse scores against Chelsea

Sport

Southampton sink suffering Chelsea at Stamford Bridge

The Saints three points win keeps their hope of surviving relegation this season alive.

Bernardo Silva scores against Nottingham

Sport

EPL: Manchester City share points with Nottingham Forest

City’s draw with Forest has set the Pep Guardiola’s squad back in their chase for the title this season.