Your money is safe in banks, CBN assures depositors

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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.

CBN in a statement signed by its acting Director of Corporate Communications, Hakama Sidi-Ali gave the assurance following reports that the Federal Government is planning to takeover some CBN-supervised banks after a report by the Special Investigator, Mr Jim Obazee.

Mr Obazee was appointed by President Bola Tinubu to probe the activities of the apex bank in the past.

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The statement encouraged 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

“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.

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“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.

 

 

 

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