The Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) has assured Nigerians that no bank in the country faces closure due to recapitalisation requirements, contrary to claims circulating on social media.
The assurance was contained in a joint statement issued on Sunday by ACAMB President, Mr. Rasheed Bolarinwa, and General Secretary, Mr. Jide Sipe.
The statement followed an Instagram video alleging that 12 banks would be shut down by the Central Bank of Nigeria (CBN) by March 2026 for failing to meet capital requirements.