The Central Bank of Nigeria (CBN) has reassured the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound.
This assurance comes in response to certain publications and social media reports containing misleading information regarding the operations of a regulated financial institution.
In a statement, the CBN categorically stated that the institution referenced in these reports is held to stringent regulatory requirements, and there is no cause for concern regarding the safety of depositors’ funds.
The Bank affirms that it continues to monitor all financial institutions under its regulatory purview and maintains robust frameworks for early warning signals and risk-based supervision.
The CBN emphasized that its regulatory frameworks 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.
The apex bank reaffirmed its dedicated to fostering a secure banking environment where depositors can be fully confident in the safety of their funds.
The bank pledged that it will continue to monitor and adapt strategies to safeguard the financial interests of all Nigerians and stakeholders in the financial system.
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