.Dismisses bank collapse rumours
COMFORT EKELEME, Business Editor
The Central Bank of Nigeria (CBN) has reassured the depositors and stakeholders that the Nigerian banking sector remains safe and sound.
This is coming on the heels of recent publications, not (Daily Champion) and social media reports containing misleading information.
In a statement signed by its Ag. Director, Corporate Communications, Mrs. Hakama Sidi Ali , CBN said its has been drawn to certain publications and social media reports containing misleading information regarding the operations of a regulated financial institution.
CBN said it wishes to categorically reassure the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound.
According to the statement, 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.
CBN said, “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.
“We urge the public to disregard sensational or unverified claims and rely solely on official
channels for information about the financial system.
“The CBN remains dedicated to fostering a secure banking environment where depositors can be fully confident in the safety of their funds.
“It will continue to monitor and adapt
strategies to safeguard the financial interests of all Nigerians and stakeholders in our financial system,” the statement reads.
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