There have been rumours that some Nigerian banks will withhold operations, as the new fiscal policy continues to trigger unpleasant reactions.
To douse the effect of the Naira redesign, the Central Bank of Nigeria, (CBN) is reassuring Nigerians that all banks will be functional.
Also, the Chartered Institute of Bankers of Nigeria (CIBN) is saying the rumour is not true.
It says the banking industry in Nigeria remains very sound and safe.
‘False, Baseless And Misleading’
The President of the Council of CIBN, Ken Okpara, highlighted that the soundness of the banking industry has been reaffirmed severally by the Central Bank of Nigeria.
According to him, The CBN is the only body best suited to assess the strength of the financial industry in Nigeria.
“We equally like to allay the fears around the shortage of materials for printing the new naira notes, which the CBN has also discredited.
“This has also been debunked in a widely circulated press release by the Nigeria Security Printing and Minting Company, which described the story as false, baseless and misleading,” he adds.
Also, the CIBN President implored Nigerians to disregard any contrary information, as the entire banking community remains focused and committed to efficient service.
He says they are working round the clock to address all the contending issues with a view to restoring normalcy.
