The Central Financial institution of Nigeria (CBN) has assured depositors that their funds within the banks are secure. The Central Bank mentioned it has observed experiences in sure media retailers about recommending the Federal Authorities take over some CBN-supervised financial institutions.
“For the avoidance of doubt, Nigerian banks stay secure and sound,” the CBN mentioned in a press release signed by Sidi-Ali Hakama, performing director of company communications.
The assertion inspired the general public to proceed their common actions with out being alarmed by experiences that haven’t emanated from the CBN in regards to the well being standing of Nigerian banks.
Based on the assertion, the apex financial institution is absolutely geared up to hold out its statutory responsibility of upholding a steady monetary system in Nigeria.
“We guarantee most of the people and depositors in regards to the security of their funds in Nigerian monetary establishments.
Financial institution prospects are due to this fact suggested to proceed with their banking transactions as regular, as there isn’t any trigger for concern,” the assertion reads.
