Lagos: The Central Bank of Nigeria (CBN) has reassured the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound.
According to News Agency of Nigeria, the CBN stated this through a statement issued by its Acting Director of the Corporate Communications Department, Mrs. Hakama Sidi-Ali. The attention of the CBN was drawn to certain publications and social media reports that contained misleading information about the operations of a regulated financial institution.
Sidi-Ali emphasized that the institution referenced in these reports is held to stringent regulatory requirements, ensuring the safety of depositors’ funds. The CBN continues to monitor all financial institutions under its regulatory purview, maintaining 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. The public is urged to disregard sensational or unverified claims and rely solely on official channels for information about the financial system.
Sidi-Ali reiterated that the CBN is dedicated to fostering a secure banking environment where depositors can be confident in the safety of their funds. The bank will continue to monitor and adapt strategies to safeguard the financial interests of all Nigerians and stakeholders in the financial system.