Naira crisis: Banks lose N5 billion to protesters

The Association of Senior Staff of Banks, Insurance and Financial Institutions, an umbrella body of banking industry personnel, revealed that banks lost N5 billion as a result of protesters’ attacks on assets due to currency scarcity.

Oluwole Olusoji, the group’s president, made the announcement in Lagos on Thursday.

He went on to say that demonstrators have stormed 17 commercial banks around the country.

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He explained that bank buildings had been burned and ATMs had been destroyed, and that bank officials had also been 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.

Protests in Edo, Delta, and other parts of the country, according to PULSENETS, resulted in the loss of life and property.