The Central Bank of Nigeria (CBN) has issued a statement assuring the public that the country’s banking sector remains stable, secure, and resilient. In response to recent misleading reports circulating in the media and on social platforms, the CBN emphasized that the banking system is operating within strict regulatory frameworks designed to safeguard depositors’ interests.
According to the statement signed by Hakama Sidi Ali, Acting Director of Corporate Communications, the CBN affirmed that all financial institutions under its supervision adhere to stringent regulatory requirements. The central bank also highlighted its commitment to closely monitoring these institutions, using risk-based supervision and early warning systems to address potential issues.
The CBN called on the public to disregard sensational claims and urged reliance on official communication channels for accurate information. The bank reiterated its ongoing dedication to maintaining a secure environment for depositors, ensuring the continued safety of funds within the banking sector.
