The Central Bank of Nigeria (CBN) is assuring Nigerians that banks in the country remain safe and sound, affirming that it is fully equipped to carry out its statutory duty of upholding a stable financial system.
Asserting its commitment to the safety of deposits, the CBN says funds in Nigerian financial institutions are safe and there is no cause for concern.
Hakama Sidi-Ali, Acting Director, Corporate Communications in a statement this Wednesday said the bank had noticed reports, in certain media outlets, about a recommendation for the Federal Government to take over some CBN-supervised financial institutions.
While maintaining the health of the system is solid, the CBN is encouraging 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.
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