Your money is safe in banks, CBN assures depositors
The Central Bank of Nigeria (CBN) has assured depositors and customers of Nigerian banks of the safety of their funds in the banks.
The Acting Director, Corporate Communications Department of the CBN, Hakama Sidi-Ali, gave the assurance in a statement on Wednesday.
According to Mrs Sidi-Ali, the assurance was informed by reports about a recommendation for the federal government to take over some CBN-supervised financial institutions.
The News Agency of Nigeria (NAN) reports that there have been unconfirmed reports by some media outlets about plans by the CBN to take over Titan Trust Bank (former Union Bank) and Keystone Bank.
This is allegedly linked to a report by Jim Obazee, CBN’s special investigator, that former governor of the bank, Godwin Emefiele, used his proxies to acquire the two financial institutions.
“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,” she said.
She advised bank customers to proceed with their banking transactions as usual, as there was no cause for concern.
(NAN)
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The Central Bank of Nigeria (CBN) has assured depositors and customers of Nigerian banks of the safety of their funds in the banks.
The Acting Director, Corporate Communications Department of the CBN, Hakama Sidi-Ali, gave the assurance in a statement on Wednesday.
According to Mrs Sidi-Ali, the assurance was informed by reports about a recommendation for the federal government to take over some CBN-supervised financial institutions.
The News Agency of Nigeria (NAN) reports that there have been unconfirmed reports by some media outlets about plans by the CBN to take over Titan Trust Bank (former Union Bank) and Keystone Bank.
This is allegedly linked to a report by Jim Obazee, CBN’s special investigator, that former governor of the bank, Godwin Emefiele, used his proxies to acquire the two financial institutions.
“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,” she said.
She advised bank customers to proceed with their banking transactions as usual, as there was no cause for concern.
(NAN)
Support PREMIUM TIMES’ journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
Donate
TEXT AD: Call Willie – +2348098788999
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