CBN assures depositors of the safety of their funds
The Central Bank of Nigeria (CBN) has reacted to reports about a recommendation for the Federal Government to take over some CBN-supervised financial institutions, saying, Nigerian banks remain safe and sound.
In a statement by Mrs Sidi-Ali, Hakama, Ag. Director, Corporate Communications, CBN, the apex bank encouraged the public to continue their regular activities without being alarmed by reports that have not emanated from the CBN about the health status of Nigerian banks.
“The CBN is fully equipped to carry out its statutory duty of upholding a stable financial system in Nigeria,” the statement said.
“We assure the general public and depositors about the safety of their funds in Nigerian financial institutions.
“Bank customers are therefore advised to proceed with their banking transactions as usual, as there is no cause for concern.”
