As Nigerians are heaving sigh of relief from the hardship caused by ash crunch created by the cashless policy, the Senate has urged the Central Bank of Nigeria, CBN to mediate with a few commercial banks like the First Bank, United Bank of Africa, UBA and the Access Bank to resume banking operations in their branches in Oron Local Government Area of Akwa Ibom State without further delay.
This is as the upper legislative chamber also directed its Committee on Banking, Insurance and other Financial Institutions, to probe all the banks closed from 2010 till date in order for the CBN to strengthen the money deposit banks across the country as well as carry out thorough study on the causes of shutting the banks with a view to guiding against them.
