No plans to shut down during polls – Banks association

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The message claiming that the Central Bank of Nigeria is closing down banking services for five days in preparation for this Saturday’s presidential elections has been refuted by the Association of Corporate Affairs Managers of Banks, the apex organisation for Corporate and Marketing Communications Professionals working in Nigeria’s banking industry.

According to the reports, banks would close between February 23 and February 27.

The ACAMB referred to the article as false news in a statement that was released on Wednesday and was signed by the organization’s president, Rasheed Bolarinwa.

According to the statement, “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.”

Customers were reassured by ACAMB that banks had taken the necessary precautions to guarantee depositors continued access to their funds throughout this time.

Speaking further,

It added, “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.”

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