Naira crisis: Banks lose N5bn to protesters

11601 1c5dda97 6f86 4f7e afd3 45ca6aebfb8c
11601 1c5dda97 6f86 4f7e afd3 45ca6aebfb8c

The Association of Senior Staff of Banks, Insurance and Financial Institutions, an umbrella body of banking sector workers, disclosed that banks lost N5 billion following attacks on assets by protesters over naira scarcity.

The group’s president, Oluwole Olusoji, made this disclosure in Lagos on Thursday.

He added that protesters had attacked 17 commercial banks nationwide.

He explained that bank buildings were burnt and Automated Teller Machines destroyed while bank officials were also attacked.

“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,” Olusoji said.

Media Talk Africa reported that protests in Edo, Delta and other parts of the country led to loss of lives and properties.

Tags:

Recent News

Naira depreciates against dollar across official, black markets after Easter holidays

Naira continues depreciation against dollar at official foreign exchange market

Two Nigerian companies push NGX to N405bn gain

BUA, Dangote Cement, others push NGX to N833 billion gain

CBN spent $8bn on Naira defence against dollar at FX market - Rewane

‘Naira has strengthened, Nigeria’s economy leaping out of crisis’ — Rewane

Scroll to Top