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Home | 2023 Election: Banks Not Shutting Shutting Down – ACAMB

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2023 Election: Banks Not Shutting Shutting Down – ACAMB

Juliet Amaka
Juliet Amaka
Published: June 14, 2025
Last updated: June 14, 2025
2 Min Read
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2023 Election: Banks Not Shutting Shutting Down - ACAMB | Daily Report Nigeria
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The Association of Corporate Affairs Managers of Banks (ACAMB), the umbrella body of spokespersons for banks has debunked the message circulating online that the Central Bank of Nigeria is shutting down banking services for five days for Saturday’s presidential polls.

There has been a trending social media message purporting that the Central Bank of Nigeria (CBN) was shutting down banking services for five days from February 23rd to 27th., February 27, because of the general elections.

However, in a statement issued by the ACAMB on Wednesday, and signed by President, ACAMB, Rasheed Bolarinwa, the body described the report as fake news.

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The statement read in part,

“There is no iota of truth in the viral message that is being circulated. Up until this moment, no Deposit Money Banks or other institutions providing financial services have received any directive or communication from the CBN to close the doors of their physical banking halls or shut their digital platforms and online banking channels against their customers because of elections.”

“Customers who wish to carry out transfers or use electronic banking services will have unhindered access to these services before, during, and after the elections.”

ACAMB assured customers that banks had put adequate measures in place to ensure depositors continue to access money in their accounts during this period.

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