SIX months to the planned commencement of the cash withdrawal/deposit limit imposed by the CBN, some banks have commenced selective implementation of the policy barring cash transactions from some organisations.
This came as senior staff in the banking sector have spoken up for the first time against the recent statement of the Central Bank of Nigeria, CBN, Governor Sanusi Lamido Sanusi on the financial health of the eight rescued banks, saying the apex bank was “playing to the gallery.”
The Senior Staff of Banks said it had taken a holistic examination of recent policy pronouncements by the Sanusi-led management of Central Bank of Nigeria and come to the conclusion that the policies were anti-Nigerian economy that must be halted before they crippled the nation.
Planned liquidation of rescued banks
The senior staff of banks, under the umbrella of the Association of Senior Staff of Banks, Insurance and Financial Institutions, ASSBIFI, described Sanusi’s statement on CBN’s planned liquidation of the eight rescued banks and its wider implications for the economy as dangerous and self-seeking, adding that it will seriously harm the economy and the larger Nigerian population than the few that designed and were pushing the policies through.