The Association of Corporate and Marketing Professionals in Banks (ACAMB) has stepped in to correct misleading information shared by content creator Unofficial Osas regarding the Central Bank of Nigeria’s (CBN) recapitalisation drive.
The intervention followed a video posted by Osas in December claiming that 12 banks were shutting down, which prompted an invitation from the Nigerian Police Force’s Cyber Crime Centre in Abuja.
In a public apology video, Unofficial Osas said, “I want to offer an official retraction of my December 15 video. No bank is shutting down.
“Most banks have now met the ₦500 billion minimum capital for international banks and ₦200 billion for national banks. I appreciate ACAMB for educating me on the recapitalisation process—I am now better informed and know better.”
Jide Sipe, President of ACAMB, emphasised the association’s role in promoting financial literacy.
“ACAMB stands for the restoration of professional banking ethics and public confidence through seamless information management. By engaging Unofficial Osas, we ensured accurate information regarding the resilience of our banks reached millions of Nigerians,” he said.
The association added that the intervention reflects its ongoing commitment to protecting the integrity of the banking sector and encouraging responsible financial reporting.
