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Elections: Banks not shutting down

  Banks will remain open during the normal working days while their channels of operations will be available throughout the week. The Associ...

 


Banks will remain open during the normal working days while their channels of operations will be available throughout the week.

The Association of Corporate Affairs Manager of Banks (ACAMB) gave the assurance on Wednesday in a statement by its President, Rasheed Bolarinwa.

A message trending social media had said that the Central Bank of Nigeria (CBN) was shutting down banking services for five days from today till Monday, February 27, because of the general elections.

 But Bolarinwa insisted that there was no truth in the report that banks will be shutting down operations.
ACAMB which is the umbrella body of spokespersons for banks, denied the fake news in its entirety. It assured Nigerians and the public that there is no iota of truth in the viral message that is being circulated.

It clarified that no deposit money banks or other institutions providing financial services have received any directive or communication from the CBN to close the doors of their banking halls or shut their digital platforms and online banking channels against their customers because of elections.




ACAMB assured customers that banks have put in place measures to ensure that depositors could, as usual, access money in their accounts during this period.

“Also, customers who wish to carry out transfers or use electronic banking services will have unhindered access to these services before, during, and after the elections. 

“ACAMB urges Nigerians not to panic and to also avoid uncontrolled spending as a result of the fake news about the alleged plan to shut down bank branches and all digital banking channels.

“Members of the public should discountenance the trending message maliciously concocted by its faceless authors to cause disaffection among the citizenry and the DMBs,” the group stated .

 Bolarinwa urged Nigerians to be peaceful and orderly during the elections and wished the nation successful conduct of free, fair, and credible elections.  

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