The Central Bank of Nigeria (CBN) says there will be no
disruptions in banking services during the 14-day lockdown.
This is according to a statement signed by Isaac Okorafor,
CBN director of corporate communications.
President Muhammadu Buhari had, on Sunday, instructed that
movement of people be restricted in Lagos, Ogun and Abuja for 14 days in curb
the spread of COVID-19 virus.
In a joint statement with the ministry of finance, budget
and national planning, the CBN had said it had obtained permission from the
president for key players in the financial sector to continue skeletal
services.
“Consequently, relevant security agencies have been
requested to grant passage to critical staff of these institutions to enable
essential and strategic financial transactions to go undisrupted during the
period of the lockdown,” the statement read.
The exempted institutions were listed to include:
- The CBN
- Deposit Money Banks (DMBs)
- The Nigeria Interbank Settlement System (NIBSS) Plc
- Switching companies
- Mobile money operators
- Payment solution service providers.
Members of the public were also encouraged to limit the use
of cash and adopt alternative payment channels like mobile banking, internet
banking, mobile money, point of sale (POS), and USSD.
Bank customers were also warned against panic withdrawals as
financial institutions would remain operational during the lockdown.
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