The Central Bank of Nigeria (CBN) has reassured the public, especially, depositors and other stakeholders that the Nigerian banking sector remains resilient, safe, and sound.
This assurance was contained in a statement issued late on Monday by the Ag. Director, Corporate Communications, CBN, Mrs. Hakama Sidi Ali.
She explained that the clarification followed a misleading reports on social media regarding a regulated financial institution.
Mrs. Sidi Ali noted that 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, it said, ensure that any emerging issues are promptly addressed to protect the integrity of the financial system.
“We urge the public to disregard sensational or unverified claims and rely solely on official channels for information about the financial system,” the statement said.
The CBN said it remains dedicated to fostering a secure banking environment where depositors could be fully confident in the safety of their funds.
It said it would continue to monitor and adapt strategies to safeguard the financial interests of all Nigerians and stakeholders in our financial system.
