The Central Bank of Nigeria (CBN) has denied growing reports indicating the apex bank is set to take over some banks over claimed of their poor state of operations.
Mrs Sidi-Ali Hakama, the CBN acting Director of Corporate Communications In a statement seen by newsheadline247, stated that the apex bank has noticed reports, in certain media outlets, about a recommendation for the Federal Government to take over some CBN-supervised financial institutions.
She added that “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.”
Hakama further advised Bank customers “to proceed with their banking transactions as usual, as there is no cause for concern.”
