In response to recent media reports hinting at a possible recommendation for the Federal Government to take over certain Central Bank of Nigeria (CBN)-supervised financial institutions, the CBN has issued a reassuring statement emphasizing the safety of funds held by bank customers.
The press statement, released yesterday and signed by the Acting Director of Corporate Communication, Mrs. Sidi-Ali Hakama, categorically stated that Nigerian banks remain secure and robust. The CBN sought to dispel any concerns arising from unverified reports, assuring the public that the financial institutions under its supervision are sound and fully capable of meeting their obligations.
“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,” the statement read.
Affirming its commitment to upholding a stable financial system in Nigeria, the CBN emphasized its readiness and capability to fulfill its statutory duties. Depositors were specifically addressed, with the CBN assuring them of 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,” the statement concluded.
This proactive communication from the CBN aims to quell any uncertainties and maintain confidence in the stability of the country’s banking sector. It underscores the importance of accurate information and the central bank’s commitment to transparency in ensuring the well-being of depositors and the overall health of Nigeria’s financial system.
