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Banks will remain open if it’s safe, CIBN assures

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In the statement, the CIBN said it is liaising with the Body of Banks CEOs to address the current challenges.

By Jeffrey Agbo

The Chartered Institute of Bankers of Nigeria (CIBN) has assured that banks nationwide will remain open as long as it is safe to do so.

The institute’s statement dated February 17, 2023 and signed by its President/Chairman of Council, Ken Opara, followed attacks on banks as the nation battles naira scarcity fuelled by the Central Bank of Nigeria’s currency redesign and cashless economy policy.

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In the statement, the CIBN said it is liaising with the Body of Banks CEOs to address the current challenges.

“As such, the banks would continue to remain open to serve the public as long as it is safe to do so,” the institute said.

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The CIBN also noted that the safety and security of staff of banks is of paramount importance.

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“Hence, where there is security challenge, the management of banks have been empowered to take proactive measures to close 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 are in place to protect staff and customers whilst safeguarding the assets of the banks in contending with the current challenge.

“Consequently, we appeal to the general public to remain calm and eschew any act of violence as the banking industry remain resolute and committed to finding ways to address all the related issues,” the statement said.

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