The Central Bank of Nigeria (CBN) late Tuesday stated that it had observed reports in certain media platforms about a purported recommendation by it for the Federal Government to take over some CBN-supervised financial institutions, describing the reports as false.
The apex bank, in a statement issued by its Acting Director Corporate Communications, Mrs. Hakama Sidi-Ali, clarified that for the avoidance of doubt, Nigerian banks remained safe and sound.
The CBN, therefore, encouraged the public to continue their regular activities without being alarmed by spurious reports about the state of Nigerian banks.
The Director further clarified: “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”, she added.
