The Central Bank of Nigeria (CBN) has dismissed reports in some media outlets about a recommendation for the Federal Government to take over some financial institutions it supervises, insisting that “Nigerian banks remain safe and sound.”
The apex Bank, in a statement by Sidi-Ali, Hakama (Mrs.) its Ag. Director, Corporate Communications, urged “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.
It noted that 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.
“Bank customers are therefore advised to proceed with their banking transactions as usual, as there is no cause for concern.”
