Regulators | Regulators

New Naira Notes: Stakeholders Working to Bring the Situation Under Control

Feb 08, 2023   •   by   •   Source: CIBN   •   eye-icon 177 views

The Chartered Institute of Bankers of Nigeria, CIBN have empathized with the banking public on the difficulties encountered in accessing the new Naira notes which heightened tension and, in some cases, provoked acts of violence at different customer touch points.


In a press release signed by the Registrar/CEO of the Institute Mr. Akin Morakinyo, HCIB it noted that “Whilst we understand the plight of bank Customers, we passionately appeal for calm and understanding as the regulator (the Central Bank of Nigeria) and the operators (the banks) are working assiduously to bring the situation under control”.  


The CIBN assured that relevant stakeholders within the ecosystem are being engaged with a view to addressing the unintended consequences of the laudable Naira Redesign Policy. 


It further we beseeched the public to eschew any act capable of exacerbating the current situation and exercise restraint while enjoining all its members, to carry on their duties with utmost professionalism and diligence.  


“The CIBN the umbrella professional body for banks and bankers is confident that this phase will pass with the cooperation of all and sundry, and our country Nigeria will come out of this stronger”.

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