Three financial associations have assured that the Central Bank of Nigeria (CBN), and commercial banks will do everything possible to ensure availability of the Naira to the general public.
The associations are Chief Security Officers in Banks (CSOs), Committee of Heads of Operations of Banks (CHOBs), and Association of Corporate Affairs Managers of Banks (ACAMB).
In a statement on Monday, President, ACAMB, Rasheed Bolarinwa, said the three bodies gave the assurance in a communiqué at the end of their tripartite meeting on Sunday.
The meeting was held in Lagos and convened by the Chartered Institute of Bankers of Nigeria (CIBN).
The three associations assured the general public that the apex bank and commercial banks were doing everything possible to make the Naira available.
They also expressed the hope of returning to normalcy in the shortest possible time.
“The banks resolved to continuously engage customers on efforts being made to lessen the current hardship being experienced, pending when all the challenges will be resolved.
“The bank heads appealed to Nigerians, particularly the traders and merchants to embrace and adopt the cashless policy by accepting fund transfers from their customers.
“They noted that the random glitches associated with recent transfer options will also ease out in no distant time,” Bolarinwa said.
He appealed to security agencies to increase patrol and surveillance on bank locations, especially those located in places prone to attacks, to forestall further attacks.
Bolarinwa added that the communiqué also urged traditional institutions, heads of community development associations and leaders in various markets across Nigeria.
”They should educate their subjects and members on the immediate and long-term benefits of cashless policy,” he said.
He, however, urged bank customers to leverage several available alternative channels provided by banks to consummate 99 per cent of their transactions and focus less on cash.
He reiterated that commercial banks neither hide nor hoard money they receive from the CBN.
He assured that banks would make money received available to their customers over the counter (OTC) or through the automated teller machines (ATMs). (NAN)
The banks resolved to continuously engage customers on efforts being made to lessen the current hardship being experienced, pending when all the challenges will be resolved.
