Banks, ATMs Will Function During Lockdown – Finance Minister

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Bundles of Naira notes of various denominations

By BENEDICT SUNDAY, Kaduna

President Muhammadu Buhari has allowed skeletal operations in the financial system and money markets during the lockdown in Lagos, Abuja and Ogun, Finance Minister, Zainab Ahmed has said.

In a statement on Monday titled, “Notice to affected stakeholders and general public regarding COVID-19 and restrictions in movement of persons”, bankers are expected to be handed new directives.

The minister said in light of the devastating effects of the novel coronavirus (COVID-19) on many countries around the world, President Muhammadu Buhari is highly applauded and appreciated for the appropriate and proactive restrictions in personal and vehicular movements.

According to her, these restrictions are critical to significantly reduce the transmission rate of the disease and make it easier for health professional to trace, test and isolate patients.

“To ensure that Nigerians can still perform online transactions and use of ATMs whilst observing these restrictions, we will like to inform the general public and all affected stakeholders that we have obtained exemptions from the President to allow very skeletal operations in the financial system and money markets in order to keep the system in light operations during the time.

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