2023 Elections: No Plan To Shut Banking Services — ACAMB

The Association of Corporate Affairs Managers of Banks (ACAMB) has debunked the message purporting that the Central Bank of Nigeria (CBN) is shutting down banking services for five days for Saturday’s presidential polls.

Specifically, the reports claimed that banks would shut down between February 23 and 27.

However, in a statement issued by the ACAMB on Wednesday, and signed by President of ACAMB, Rasheed Bolarinwa, the body described the report as fake news.

The statement reads in part, “The attention of the Association of Corporate Affairs Managers of Banks (ACAMB) has been drawn to the trending social media message purporting that CBN was shutting down bank services from Thursday 23rd to Monday, 27th February,  2023 because of the general elections holding in Nigeria over next two weekends.

"ACAMB hereby wishes to debunk the fake news in its entirety and wishes to assure Nigerians and and the banking public that there is no iota of truth in the viral message that is being circulated.

"Up till now, 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.”

ACAMB also assured customers that banks had put adequate measures in place to ensure depositors continue to access money in their accounts during this period.

“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.”