ACAMB Insists Banks not shutting down services for elections

The Association of Corporate Affairs Managers of Banks (ACAMB), has debunked claims that the Central Bank of Nigeria (CBN) was shutting down banking services for five days from Thursday, 23rd to Monday 27th February 2023 because of the general elections holding in Nigeria over the next two weekends.

The claims which have been circulating on social media platforms were fuelled by lingering difficulties experienced by bank customers and general public in accessing naira notes as a result of the new CBN currency redesign policy. 

ACAMB, a body of Corporate and Marketing Communications Professionals working in Nigeria’s banking sector, however insisted that regular banking services would remain before, during, and after the elections.

The group in a statement on Wednesday signed by its President, Rasheed Bolarinwa, said “Up until this moment, no Deposit Money Banks (DMBs) or other institutions providing financial services have received any directive or communication from the CBN to close the doors of their physical banking halls or shut their digital platforms and online banking channels against their customers because of elections.

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The statement assured Bank customers that their respective banks have put in place measures to ensure that depositors can as usual, access money in their accounts during this period.

ACAMB Insists Banks not shutting down services for elections

ACAMB urged 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.

It further called on Nigerians to be peaceful and orderly during the elections and wishes the nation successful conduct of free, fair, and credible elections.