The Central Bank of Nigeria has reacted to reports that the Federal Government was planning to take over some banks under its supervision.
This was contained in a statement by the CBN’s Acting Director of Corporate Communications, Hakama Sidi-Ali.
In the statement on Tuesday, the CBN 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 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 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.”
....recognised for Retail Banking Excellence, Sustainability Leadership Africa's Global Bank, United Bank for Africa (UBA)…
No fewer than 100 passengers escaped death on Thursday as an aircraft operated by Enugu…
The Coalition for the Protection of Democracy (COPDEM) has urged the Independent National Electoral Commission…
Rabiu Omaku Nasarawa State Governor, Abdullahi Sule, has relieved six commissioners in a minor cabinet…
Yakubu Busari The gubernatorial candidate of the Labour Party(LP) in Nasarawa State, also currently Member…
Stephen Numbeve As Benue State charts its course toward the 2027 governorship election, one fundamental…
This website uses cookies.