Naira Scarcity: CIBN, Body Of Bank CEOS Calls for Peace, Moves to Address Challenges

The Chartered Institute of Bankers of Nigeria (CIBN) has reassured the general public that is liaising with the Body of Banks CEOs to address the current challenges occasioned by the Naira redesign policy.

In a statement issued by Dr. Ken Opara, President/Chairman of Council, CIBN, he said, “the banks would continue to remain open to serve the public as long as it is safe to do so.”

“The safety and security of the staff of banks are of paramount importance. Hence, where there is security challenge, the Management of banks has been empowered to take proactive measures to close their operations in such locations and inform the Central Bank of Nigeria.”

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“Therefore, the safety concerns being expressed in various quarters are already being addressed. Banks will continue to ensure that adequate security is in place to protect staff and customers whilst safeguarding their assets 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 remains 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” CIBN President concluded.