The Association of Corporate Communication and Marketing Professionals in Banks (ACAMB) has dismissed claims that some Nigerian banks risk closure over the Central Bank of Nigeria’s (CBN) recapitalisation exercise, describing such reports as false and misleading.
In a joint statement issued on Sunday, ACAMB President, Rasheed Bolarinwa, and General Secretary, Jide Sipe, said no bank is facing shutdown due to failure to meet capital requirements. The association was reacting to an Instagram video alleging that 12 banks would be closed by March 2026.
ACAMB described the claims as alarmist and based on a poor understanding of the recapitalisation policy. It explained that the exercise is a proactive, fo
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