PRESS RELEASE CIBN, BODY OF BANKS CEOS, SUE FOR CALM, REASSURE THE PUBLIC THAT THE BANKS WILL REMAIN OPEN SO LONG IT'S SAFE TO DO SO

The Chartered Institute of Bankers of Nigeria 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 safety and security of staff of banks is of paramount importance. Hence, where there is 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 are 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 remain 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.

Thank you.

Signed by Ken Opara, Ph.D, FCIB

President/Chairman of Council, CIBN

February 17, 2023