The Bank Directors Association of Nigeria (BDAN) has said it is working to address some of the challenges caused by the currency reforms including the naira redesign and cash with drawl policies.
In a statement, BDAN Chairman, Board of Directors, Mustafa Chike-Obi said the group empathise with members of the public at this crucial time.
“We are mindful of the discomfort and hardship associated with the current currency reform which has introduced the newly designed naira notes and reduction in withdrawal limit. It has indeed been a difficult period for Nigerians and BDAN is making it top priority to ensure that this hardship is not only addressed but eliminated,” he said.
The group said it is in constant communication with all the banks and are assured that they are all doing whatever is within their control to normalise this difficult situation.
“We enjoin the banking public to maintain peace, rest assured that BDAN is taking all reasonable steps to influence the structure and mechanisms that should free up bottlenecks and open channels that will speed up the resolution of the crisis. The Bank Directors Association of Nigeria (BDAN) hopes to count on the public’s patience, understanding and cooperation,” he said.
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