Banks Deny Report Of Shutting Down Services For Elections

Banks under the aegis of the Association of Corporate Affairs Managers of Banks (ACAMB), have debunked the claim of shutting down services for the general elections slated for Saturday, February 25, 2023.

There have been some trending messages suggesting that commercial banks will close its services. But in a statement on Wednesday, ACAMB President, Rasheed Bolarinwa, said the messages were concocted by faceless authors.

The motive, he stated, was to cause disaffection among Nigerians and the Deposit Monetary Banks (DMBs).

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“The attention of the Association of Corporate Affairs Managers of Banks (ACAMB), the umbrella body of Corporate and Marketing Communications Professionals working in Nigeria’s banking sector, 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,” the statement stated.

“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 (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.

“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.