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Your funds safe in banks – CBN assures depositors

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1tn economy Mergers acquisitions loom as CBN plans banks recapitalization

“In clear terms, Nigerian banks remain secure and stable,” stated Sidi-Ali. “The CBN urges the public to carry on with their usual activities without being unnerved by unverified reports not originating from the CBN regarding the financial health of Nigerian banks. The CBN is fully equipped to fulfill its mandated role of maintaining a stable financial system in Nigeria. We assure the public and depositors about the safety of their funds in Nigerian financial institutions,” she added.

She further encouraged bank customers to proceed with their banking transactions as usual, emphasizing that there is no cause for concern.


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