No Nigerian Bank Is Distressed - CBN

Thu, Nov 26, 2015
By publisher
1 MIN READ

Banking Briefs

 

THE Central Bank of Nigeria has allayed fears that some banks in Nigeria are distressed. A statement issued by Ibrahim Mu’azu, director, Corporate Communications of the CBN on Thursday and made available to Realnews said that “the attention of the Central Bank of Nigeria, CBN, has been drawn to a fictitious online publication purporting that some deposit money banks in Nigeria are “experiencing stress”.

“The CBN wishes to state categorically that: No Nigerian bank is “experiencing stress”.

The story, as published, is not only false and baseless but a figment of the writer’s imaginations.

The CBN hereby assures the banking public that the Nigerian banking system is sound and all banks are in compliance with both the regulatory and prudential requirements,” it said.

The CBN said that the governor, on November 24, 2015, during the Monetary Policy Committee, MPC, press briefing, also made it categorically clear that no Nigerian bank was in distress.

“The CBN therefore urges all bank customers and the general public to disregard the publication as it is false, mischievous and aimed at throwing the banking public into unnecessary panic,”_

Mu’azu said.

– November 26, 2015 @ 11:30 GMT |

 

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