Naira Swap Crisis: CIBN, Body of Banks CEOs Interacting to Restore Normalcy – Dr. Ken Opara

The Chartered Institute of Bankers of Nigeria is liaising with the Body of Banks CEOs to address the current challenges posed by the Naira swap crisis.

President and Chairman of Council, Chartered Institute of Bankers of Nigeria (CIBN), Dr. Ken Opara, who disclosed this in a recent statement said the banks would continue to remain open to serve the public as long as it is safe to do so.

He pleaded with members of the public to avoid violence and remain calm while assuring that the banking industry stakeholders are committed to finding ways to address the situation.

The statement read in part, “The safety and security of staff of banks is of paramount importance. Hence, where there is security challenge, the Management of banks have been empowered to take proactive measures to close 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 are in place to protect staff and customers whilst safeguarding the assets of the banks in contending with the current challenge.

“Consequently, we appeal to the general public to remain calm and eschew any act of violence as the banking industry remain resolute and committed to finding ways to address all the related issues.

“We indeed appreciate you for your continued patience and understanding as we work together towards restoring normalcy.”

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