By Favour Ifeoluwa & Akinola Ajibade
The Central Bank of Nigeria (CBN) has passed a vote of confidence on the nation's deposit insurance banks, saying that they are safe and sound.
The bank, in a statement signed by its Acting Director, Corporate Communications, Sidi-Ali, Hakama and made available to the media including the News Mirror, an online publications, said the reports insinuating that the Federal Government is about to take over some CBN-supervised financial institutions in the country, stating they are not true.
“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.
“Bank customers are therefore advised to proceed with their banking transactions as usual, as there is no cause for concern.” The statement said.
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