CBN directs Benue banks to open from 8am to 2pm following bank robbery

The Central Bank of Nigeria, CBN, has asked banks in Benue state to open from 8 a.m. to 2 p.m. following a bank robbery in the state. 

Recall that armed robbers attacked some banks in Otukpo town, Benue State, on Friday, October 20, 2023. 

To forestall future attacks, the CBN had an emergency meeting with the management of the affected banks in Makurdi, Benue State capital. 

In a communiqué issued at the end of the meeting, the CBN, among other decisions, directed that “all banks and her branches across the state with immediate effect [sic] commence her business operations from 8am-2pm, Monday to Friday till January 30, 2024, when a review of the security situation will be carried out at the Bankers Committee for amendment accordingly”. 
 

The communiqué further stated that the Armored Personnel Carrier (APC) support be increased to two hundred thousand naira (N200,000.00) for Deposit Money Banks (DMBs) while CBN is increased to five hundred thousand naira (N500,000.00). 

“Each bank is mandated to make its payment on or before October 27, 2023,” the communique directed.