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October 21, 2026
The Industry
Finance

Bank directors sue for peace

Bank Directors Association of Nigeria has assured that it is making efforts to bring an end to the sufferings of Nigerians as a result of the new naira scarcity challenge.

It said this in a statement on ‘Naira notes scarcity’, signed by the Chairman, BDAN, Mustafa Chike-Obi, on Wednesday.

“We, the Bank Directors Association of Nigeria, 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.

“We are 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.”

The bank directors urged the public to maintain peace, assuring it was taking all reasonable steps to influence the structure and mechanisms that should free up bottlenecks and open channels that would speed up the resolution of the crisis.

“The Bank Directors Association of Nigeria hopes to count on the public’s patience, understanding and cooperation,” it said.


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