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‘Banks lost over N5bn to protesters due to naira scarcity’, Association cries

Admin by Admin
16 February 2023
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‘Banks lost over N5bn to protesters due to naira scarcity’, Association cries
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By Muhammadu Sabiu 

An umbrella organization for banking sector employees, the Association of Senior Employees of Banks, Insurers and Financial Institutions, revealed that banks lost N5 billion as a result of demonstrators’ attacks on assets due to naira scarcity.

Oluwole Olusoji, the group’s president, revealed this on Thursday in Lagos.

He also lamented that the attacks by demonstrators had affected 17 commercial banks.

He explained that in addition to attacks on bank employees, bank premises and ATMs were set on fire.

He said, “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.”

See also  Ganduje lauds road transport association for creating job opportunities for youth
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