Banks Lose N5bn To Destruction Of Facilities Over Naira Scarcity


The Association of Senior Staff of Banks, Insurance and Financial Institutions has revealed that banks have lost the sum of N5 billion nationwide, following recent attacks and destruction of its facilities.

The President of ASSBIFI, Oluwole Olusoji, disclosed this on Thursday at a news conference in Lagos.

He said aside from bank buildings burnt and Automated Teller Machines destroyed, bank officials were also affected.

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Olusoji maintained that 17 bank branches have been attacked by protesters so far.

He assured that despite the crisis the banking industry is currently facing, it will continue to provide impeccable services to customers in safe and secure environments.

“Notwithstanding the insecurity due to the destruction of business premises within the banking industry, and the impact on insurance organizations, we remain committed to go the extra mile in providing service to our customers in safe and secure environments.

“However, we value the lives of our members and colleagues and will not put them at any further risk. We have, therefore, put them on alert and shall instruct them without further warning to immediately stay away from their branches if these attacks on our members and facilities continue until such a time that they can be guaranteed of their personal safety and the security of their workplaces by the relevant authorities.

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He admonished the public to stop the vandalizing financial institution  and assaulting its staff due to the ongoing scarcity.

“We call on the public to desist from threatening or attacking our members, or destroying our properties as they will be only proverbially cutting their noses to spite their faces. We can only give what we have been provided with and nothing more.”

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