A growing culture of apathy among the banking public appears to be taking a dangerous toll on cash deposits across the commercial banks in the country, worsening the lenders’ liquidity challenges in recent time.
This is widely believed to be a cumulative effect of precautionary measures by potential depositors, many of whom now prefer to keep their money at home to avert a repeat of their experience during the recent cash crunch occasioned by the naira redesign and swap policy of the Central Bank of Nigeria (CBN).
