Coronavirus: Banks will open for service in Lagos - Buhari

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President Buhari

President Muhammadu Buhari, Monday, signed the Covid-19 Regulations, 2020, which declared Covid-19 a dangerous infectious disease.

This is In exercise of the powers conferred on him by Sections 2, 3 and 4 of the Quarantine Act (CAP Q2 LFN 2004).

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The Regulations, effective March 30, 2020, also gave legal backing to the various measures outlined in the President’s National Broadcast on March 29, 2020, such as Restriction/Cessation of Movement in Lagos, FCT and Ogun State and others toward containing the spread of the pandemic in the country.

In addition, to ensure that Nigerians can still perform on-line transactions and use ATMs whilst observing these restrictions, exemption is granted financial system and money markets to allow very skeletal operations in order to keep the system in light operations during the pendency of these regulations.