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Naira crisis: Banks lose N5bn to protesters

Salient Times Online by Salient Times Online
February 16, 2023
in Business
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Naira crisis: Banks lose N5bn to protesters
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Naira crisis: Banks lose N5bn to protesters

 

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By Tony Oboh 

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.

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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.

Salient Times reported that protests in Edo, Delta and other parts of the country led to loss of lives and properties

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