ACAMB: Banks won’t shut down services for elections

The Association of Corporate Affairs Managers of Banks (ACAMB) says all bank branches and digital channels will be open for banking services before, during, and after the 2023 general election.

The ACAMB said this via a statement issued by its President, Rasheed Bolarinwa, on Wednesday.

The association noted that Deposit Money Banks (DMBs) did not receive any directive from the Central Bank of Nigeria (CBN) to shut down banking services for five days.

It said: “The attention of the Association of Corporate Affairs Managers of Banks has been drawn to the trending social media message purporting 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 next two weekends.

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“ACAMB hereby wishes to debunk the fake news in its entirety and wishes to assure Nigerians and the banking public that there is no iota of truth in the viral message that is being circulated.

“Up until this moment, 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 physical banking halls or shut their digital platforms and online banking channels against their customers because of elections.

“ACAMB further wishes to assure 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.

“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.”

The ACAMB, however, urged Nigerians not to panic and 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.

The association also enjoined Nigerians to ignore the trending message to cause disaffection among the citizens and the DMBs.

The Star