Business
THE Central Bank of Nigeria, CBN, has assured Nigerians that their funds in the banks are safe despite reports it noticed in certain media outlets, about a recommendation for the Federal Government to take over some CBN-supervised financial institutions.
The bank, in a statement by Sidi-Ali Hakama, acting director, Corporate Communications, on Wednesday, December 27, stated: “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 Nigerian banks.”
It stated 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.”
– December 27, 2023 @ 9:58 GMT |
Tags: CBN Central Bank of Nigeria Sidi-Ali Hakama
