In response to recent unverified reports circulating about the stability of Nigerian banks, the Central Bank of Nigeria (CBN) has issued a robust assurance, affirming the security of funds in the country's banking sector.
The apex bank, through its acting Director of Corporate Communications, Hakama Sidi-Ali, emphasized that the banking industry is well-positioned to provide optimal services, dismissing speculations and recommending the public to proceed with regular banking activities.
CBN categorically stated that Nigerian banks are safe and sound, refuting suggestions for the Federal Government to take over any CBN-supervised financial institutions.
The reassurance comes as the CBN underscores its commitment to upholding a stable financial system, urging the public to disregard unfounded concerns and ensuring depositors about the safety of their funds.
