In a related development, the Association of Corporate Affairs Managers of Banks (ACAMB) has faulted claims that banks are hoarding the new naira notes and expressed optimism that the scarcity of the currency would end soon. 

ACAMB President, Rasheed Bolarinwa comment comes in the wake of reported attacks on bank facilities and staff by angry customers who are facing difficulties accessing cash.

He said Automated Teller Machines (ATMs) are loaded every day and cash is paid as provided and regularly checked by the Central Bank of Nigeria, and other regulators including anti-graft agencies.

While reiterating its support for the CBN’s cashless policy, ACAMB noted that banks have in the past weeks rolled out extra measures to ease the flow of naira notes.