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<\/a><\/p>\nNuruddeen M. Abdallah<\/p>\n
22 December 2011<\/p>\n
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The National Association of Micro-Finance Banks, Kogi State Chapter has expressed concern on the rampant cases of bank robberies in the state. In a statement in Lokoja, Kogi State signed by its Chairman, Chief S. F. Ibiteye, the association tasked the state government and the law enforcement agencies to rise up to the challenge.<\/p>\n
The association stated that the incidents is eroding public confidence in the banking sector especially Micro-Finance Banks pointing out also that the Micro-Finance banks are mostly at the receiving end since the affected banks are their bankers.<\/p>\n
The rapidity of the robbery cases, the association stated is affecting the withdrawal of their own funds from the banks, a situation which the statement said, has lowered their public rating among their customers.<\/p>\n
While assuring their customers of the safety of their funds, the association called on the police and other security agencies to be alive to their responsibilities.<\/p>\n
But for the recent robbery onslaught on financial institutions in the state, the statement maintained that Micro-Finance Banks in the state have been alive to their responsibilities to their customers.<\/p>\n
In spite of everything, the association assures customers of Micro-Finance Banks across the state of the safety of their funds saying that what is happening is just a temporary setback which will soon be tackled.<\/p>\n
It would be recalled that in recent times, commercial banks in different locations across the three Senatorial Districts of the State, were attacked and huge sums of money carted away. For this reason, not many commercial bank presently do not keep huge sums in their vaults and some have even closed down for fear of being attacked. This development has once again, heightened security challenges in the state.<\/p>\n
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