Home Business Money CBN Assures Depositors Of The Safety Of Their Funds
Money

CBN Assures Depositors Of The Safety Of Their Funds

Share
CBN's Logo
Share

The Central Bank of Nigeria (CBN) 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.

Read Also: CBN Cautions Banks, PoS Operators Over Availability Of The Naira

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.
December 27, 2023
Sidi-Ali, Hakama (Mrs.)
Ag. Director, Corporate Communications

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

Access Bank Shines, Wins Big At 2024 Digital Jurist Awards

BY NKECHI NAECHE- ESEZOBOR—Access Bank PLC has been named the 2024 Best...

IMF Expands Executive Board To 25

International Monetary Fund (IMF), i. Friday said member countries have successfully elected...

Kaduna Eyes N150bn Monthly Revenue With Automation Of Tax Collection System

 Mr Mukhtar Ahmed, the Kaduna Commissioner for Planning and Budget Commission (PBC),...

Stanbic IBTC Bank Charts New Frontiers In Nigeria’s Agricultural Terrain

Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings, reaffirmed its commitment...