By Tochukwu Bliss, Abuja
The Central Bank of Nigeria (CBN), has again reiterated that the Nigerian banking sector remains resilient, safe, and sound.
This reassurance, it said, follows certain publications and social media reports containing misleading information regarding the operations of a regulated financial institution.
A statement yesterday, by the Ag. Director, Corporate Communications, CBN, Hakama Sidi-Ali, categorically reassured the public, depositors, and stakeholders of the sector’s resilience.
The statement reads in part: “Like all other regulated institutions, the institution referenced in these reports is held to stringent regulatory requirements, and there is no cause for concern regarding the safety of depositors’ funds.
“The Bank affirms that it continues to monitor all financial institutions under its regulatory purview and maintains robust frameworks for early warning signals and risk-based supervision.
“These mechanisms ensure that any emerging issues are promptly addressed to protect the integrity of the financial system.”
Against this backdrop, the apex bank therefor urged the public “to disregard sensational or unverified claims and rely solely on official channels for information about the financial system.”
The CBN also confirmed that it remains dedicated to fostering a secure banking environment where depositors can be fully confident in the safety of their funds.
This is even as it assured that it “will continue to monitor and adapt strategies to safeguard the financial interests of all Nigerians and stakeholders in our financial system.”
The Bank affirms that it continues to monitor all financial institutions under its regulatory purview and maintains robust frameworks for early warning signals and risk-based supervision.
