CBN: All Bank Depositors’ Funds Safe

James Emejo in Abuja

The Central Bank of Nigeria (CBN) Wednesday assured the public that Nigerian banks remained safe and sound.

The apex bank’s reassurance came against the backdrop of a recommendation by the Special Investigator probing the activities of the central bank for the federal government to take over some CBN-supervised financial institutions.

However, in a statement, CBN acting Director, Corporate Communications, Mrs. Sidi-Ali Hakama, urged the public to continue with their regular activities without being alarmed by reports that have not emanated from the apex bank on the health status of Nigerian banks.

She said the central bank remained fully equipped to carry out its statutory duty of upholding a stable financial system in the country.

“We assure the general public and depositors about the safety of their funds in Nigerian financial institutions.

“For the avoidance of doubt, Nigerian banks remain safe and sound,” Hakama said.

The apex bank, therefore, urged bank customers to proceed with their banking transactions as usual, as there was no cause for concern.