The Chartered Institute of Bankers of Nigeria (CIBN) said it was working with the CEOs of Nigerian banks to address the current issues caused by the cash swap and scarcity of the redesigned banknotes.
Dr Ken Opara, President/Chairman of the Council of the CIBN, made the announcement on Saturday in Lagos.
He stated that the banks would remain open for business as long as it was safe to do so.
According to him, the safety and security of bank employees is critical.
“Hence, where there is security challenge, the Management of banks have been empowered to take proactive measures to close their operations in such location and inform the Central Bank of Nigeria.
“Therefore, the safety concerns being expressed in various quarters are already being addressed.
“Banks will continue to ensure that adequate security measures are in place to protect staff and customers whilst safeguarding their assets in contending with the current challenge,” Opara said.
He appealed to the general public to remain calm and eschew any act of violence adding that the banking industry remained resolute and committed to finding ways to address all the related issues.
“We indeed appreciate your continued patience and understanding as we work together towards restoring normalcy,” he said.
According to the News Agency of Nigeria (NAN), many commercial banks have been attacked by alleged bank customers, with protests taking place in various states across the country due to the scarcity of the redesigned denominated banknotes. (NAN)