CBN Appoints New Spokesperson

The Central Bank of Nigeria (CBN) has announced the appointment of a new spokesperson in the person of Mr Isa Abdulmumin.

Abdulmumin was appointed as the Acting Director of the Corporate Communications Department of the apex bank following the retirement of Osita Nwanisobi from service on Friday.

Abdulmumin, a Deputy Director, has been in the Corporate Communications Department of the CBN since he joined the bank.

It would be recalled that Osita Nwanisobi took over from Isaac Okorafor in 2020 and before then he was a special assistant to the Deputy Governor Financial System Stability (FSS) between 2009 and 2011.

The appointment is coming amidst the crisis created by cash scarcity following the naira redesign/cash swap policy introduced by the CBN.

Has CBN Shutdown Opay, Kuda, PalmPay, and Other Online Banks?

GoldenNewsNg gathered that the news alleging that CBN has shut down digital banks, Opay, Kuda Bank and PalmPay is false.

A statement by Opay, Kuda, and PalmPay shared via their social media handles has debunked the rumour, saying there is no such thing.

The rumour is being peddled by a Twitter account,

The rumour:

Customers of the digital banks have gone into panic modes following the rumour that the Central Bank of Nigeria, CBN, has ordered the immediate shutdown of the Lagos offices of Opay, Kuda and other digital banks.

This is coming at a time when many Nigerians have moved to Opay, Kuda, PalmPay, CowryWise, Risevest and other digital banks for financial transactions.

The reason for the sudden migration is due to the transaction troubles customers are encountering with the apps and ATMs of traditional banks.