The Central Bank of Nigeria (CBN) has issued a statement to reassure depositors about the security of their money in Nigerian banks. This announcement was made by Mrs. Sidi-Ali Hakama, the acting director of the Corporate Communications Department of the CBN, on Wednesday.
The statement was prompted by reports suggesting that the federal government might take control of some financial institutions supervised by the Central Bank of Nigeria.
The statement said, “The Central Bank of Nigeria has noticed reports, in certain media outlets, about a recommendation for the Federal Government to take over some CBN supervised financial institutions
For the avoidance of doubt, Nigerian banks remain safe and sound. The Central Bank of Nigeria 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
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The Central Bank of Nigeria 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.”