Cbn
Your Funds Are Safe, CBN Assures Nigerian Bank Depositors
The Central Bank of Nigena (CBN) has assured bank depositors in Nigeria that there is no cause for alarm as their money is safe.
A statement by Mrs. Sidi-Ali Hakama, Acting Director, Corporate Communications, entitled: ‘CBN Assures Depositors of the Safety of Their Funds,’
dated December 27, 2023, stated that the CBN 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 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 statement said.
The CBN affirmed that it is “fully equipped to carry out its statutory duty of upholding a stable financial system. 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.”
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