The Chartered Institute of Bankers of Nigeria (CIBN),says the redesigned naira notes would flood Nigeria soon.
The Institute also disclosed that stakeholders in the banking industry are working round the clock to ensure that issues related to the availability of the new naira notes are addressed.
Akin Morakinyo, Registrar and Chief Executive Officer of the Institute conveyed the assurance in a statement made available to Premium News .
He said:”We sincerely empathize with the banking public on the difficulties encountered in accessing the new Naira notes which heightened tension and, in some cases, provoked acts of violence at different customer touch points.
“Whilst we understand the plight of bank Customers, we passionately appeal for calm and understanding as the regulator (the Central Bank of Nigeria) and the operators (the banks) are working assiduously to bring the situation under control”.
He added that relevant stakeholders within the financial system are being engaged with a view to addressing the unintended consequences of the laudable naira redesign policy.
“To this end, we beseech the general public to eschew any act capable of exacerbating the current situation and exercise restraint while we enjoin all our members to carry on their duties with utmost professionalism and diligence”, he added.
