- Urge depositors to continue banking transactions
By Chinwendu Obienyi
Following reports stating that the Federal Government is planning to take over some financial institutions supervised by Central Bank of Nigeria (CBN), the apex bank on Wednesday, again reiterated that Nigerian banks remain safe and sound.
It also urged bank customers to proceed with their banking transactions as usual.
According to a signed statement from the bank’s Acting Director, Corporate Communications, Sidi-Ali Hakama, the CBN’s attention has been drawn to certain media reports about recommendation for the Federal Government to take over some CBN-supervised financial institutions.
It said, “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.”
The bank further stated that it is fully equipped to carry out its statutory duty of upholding a stable financial system in Nigeria and assured 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,” it said.