The Central Bank of Nigeria (CBN) has maintained that the banks in the country are safe and sound for financial transactions.
This was disclosed in a statement signed by the Ag. Director, Corporate Communications of the apex bank, Mrs. Sidi-Ali Hakama on Wednesday.
“The Central Bank of Nigeria (CBN) has noticed reports, in certain media outlets, about a recommendation for the Federation Government to take over some CBN-supervised financial institutions.
“For the avoidance of doubt, Nigerian banks remain safe and sound. The CBN encourages the public to continue their regular activities without being alarmed by reports that have not emanated from the CBN about the health status of the Nigerian banks,” CBN stated.
CBN said that it is capable of sustaining the financial sector in Nigeria – and assured depositors that their funds are safe in banks.
“The CBN is fully equipped to carry out its statutory duty of upholding a stable financial system in Nigeria. We assure the general public and depositors about the safety of their funds in Nigerian financial institutions.”
It advised bank customers to proceed with their banking transactions, adding that there is no cause for concern.
